NMU's Compliance Database - Northern Michigan University
Student Loan Default Prevention Initiative Act of 1990
| Reviewed By | Internal Auditor Owner |
| URL: | https://nmu.edu/financialaid/directloans |
| Regulation Reference Cite | 20 U.S.C. §§ 1001-1019d: 34 C.F.R. § 675; 34 C.F.R. § 676 |
| Report Due Date (Actual) | N/A |
| Level | Requirement |
| Oversight Unit | FINANCIAL AID |
| Person Responsible | Michael Rotundo |
| Secondary Person Responsible | Shawn Olson |
| President / VP Level | Finance |
| Description |
Renders institutions with high default rates on student loans ineligible to participate in certain student loan programs. |
| Contacts and Data Sources |
| Mike Rotundo and Shawn Olson |
| Internal Notes |
| This compliance item has notes that are available internally to the oversight unit. Please contact the Risk Management Department for more information |