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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.