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Negotiators press department on consolidation timing in proposed 685220: does 'made' mean 'dispersed'?,
Summary
The panel reviewed edits to 685220 about consolidation and whether a consolidation loan is 'made' at application/signing or at disbursement; the department confirmed the statutory marker is disbursement and said add‑ons within 180 days are treated as later disbursements.
Facilitator summarized proposed edits to section 685220, a miscellaneous loan‑repayment and Public Service Loan Forgiveness‑related provision, and asked for a pulse check on consolidation language.
Negotiators asked whether the statutory word ‘‘made’’ should be read as the date a borrower signs consolidation paperwork or the date funds are dispersed. A negotiator noted that consolidation applications allow add‑ons for a limited…
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