Title 34

PART 674 APPENDIX E



Appendix E to Part 674 - Examples for Computing Maximum Penalty Charges (6 Months Unpaid Overdue Payments) on Direct Loans Made for Periods of Enrollment Before January 1, 1986

34:3.1.3.1.33.4.17.15.11 : Appendix E

Appendix E to Part 674 - Examples for Computing Maximum Penalty Charges (6 Months Unpaid Overdue Payments) on Direct Loans Made for Periods of Enrollment Before January 1, 1986
Monthly repayment schedule Installment due dates - Missed payments Separate monthly maximum penalty charges
Jan. 2 Feb. 2 Mar. 2 Apr. 2 May 2 June 2
1st Past due installment $1 $1
2nd Past due installment $1 + $2 3
3rd Past due installment $3 + $2 5
4th Past due installment $5 + $2 7
5th Past due installment $7 + $2 9
6th Past due installment $9 + $2 11
Cumulative maximum subtotals 1 4 9 16 25 36