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ED - I20NY0010 - 2

Closed · 2021-06-15

From report

Report
Federal Student Aid’s Suspension of Involuntary Collection in Response to the Coronavirus Pandemic
OIG report number
I20NY0010
Recommendation number
2

Recommendation text

We recommend that FSA’s Chief Operating Officer adopt the best practice of regularly querying its database to proactively identify payments reposted to borrowers’ loans due to refunds returned to Treasury, broken compromise agreements, and payments that were manually posted in the Debt Management and Collection System to determine whether these payments are eligible for refund.