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MAR 22 1994
TO: Schools and Lenders/Holders
participating in the Health Education Assistance Loan (HEAL) Program
SUBJECT: Department of Health
and Human Services (DHHS) Flyer announcing HEAL-to-HEAL Loan Consolidation and
"Borrower Status Report"
Lender Policy Memorandum L-94-8
School Policy Memorandum S-94-8
As promised in HEAL School
Policy Memorandum S-94-2 and HEAL Lender Policy Memorandum L-94-3 dated November
19, 1993, we have included a copy of the DHHS flyer announcing HEAL-to-HEAL
loan consolidation. This flyer was mailed to approximately 95,000 HEAL borrowers
who were in repayment or were slated to graduate by December 31, 1993.
It is our expectation that
borrowers will decide which consolidation entity offers the best deal for their
particular situation or circumstance. This flyer will convey to borrowers that
loan consolidation and these lenders are sanctioned by DHHS.
For schools, we have also
enclosed a copy of your most recent "Borrower Status Report." Thanks to many
of you who responded to our survey last year; we were pleased to note that the
report was used and helpful.
If you have any questions
concerning the flyer or your "Borrower Status Report", please contact the HEAL
Branch at (301) 443-1540. Thank you.
Stephen J. Boehlert
Chief, HEAL Branch
Division of Student Assistance
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