45 CFR 2525.220
§ 2525.220 What steps are necessary to use an education award to repay a qualified student loan?
United States · 45 CFR — Public Welfare · Status: effective
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- Citation
- 45 CFR 2525.220, § 2525.220 What steps are necessary to use an education award to repay a qualified student loan?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/222585
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Full text
(a) Required information. Before disbursing an amount from an education award to repay a qualified student loan, AmeriCorps must receive:
(1) An Eligible Individual's written authorization and request for a specific payment amount; and
(2) Any identifying and other information from the loan holder as requested by AmeriCorps.
(b) Payment. When AmeriCorps receives the information required under paragraph (a) of this section, it will pay the loan holder and notify the Eligible Individual of the payment.
(c) Aggregate payments. AmeriCorps may establish procedures to aggregate payments to holders of loans for more than a single individual.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.