Rule 390.1634

Mich. Admin. Code R. 390.1634

Death of student; effect.

(By authority conferred on the Michigan higher education student loan authority by sections 4, 4a, and 12 of 1975 PA 222, MCL 390.1154, 390.1154a, and 390.1162)Student Financial Services Board

(1) The balance on a loan shall be canceled upon the death of the student. The authority shall not attempt to collect on the loan after the authority has received a death certificate or other official notification confirming the student's death.
(2) Payments received after the date of the student's death shall be returned to the sender.

History: 1990 AACS; 1998-2000 AACS.