The Common Manual Governing Board, of which the New York Higher Education Services Corporation (HESC) is one of 36 participants, has recently approved several policies in Batch #156 that modify the Common Manual. The electronic Common Manual is linked through HESC’s Web site and has been updated to include these changes. Please pay particular attention to the effective date of each policy change.

The following table includes a listing of the revised policies in Batch #156 for your information. Click on “Learn More” to view the approved policies.

HESC has no specific comments or operational effects related to these policies.

Direct questions regarding this bulletin to the Office of Counsel & Regulatory Compliance at (518) 473-3986, toll free at 1-866-431-HESC (1-866-431-4372) press 6, or via email at askpolicy@hesc.org.

Policy Changes Batch #156 – Approved February 19, 2009
    • Social Security Numbers on Individual checks and Master Check Transmittals
    • Elimination of the Child Care Provider Forgiveness Program
    • Revised Notice of Assignment, Sale, or Transfer
    • Revisions in Permitted and Prohibited Activities
    • Student Consumer Information
    • Extenuating Circumstances in Adverse Credit Determinations
    • In-School and Post-Enrollment Deferment for PLUS Loans
    • In-School Deferment from NSLDS Data
    • Loan Forgiveness Program for Service in Areas of National Need
    • Loan Repayment for Civil Legal Assistance Attorneys