Act 121 Annual Student Loan Notification Guidelines 2019
Guidelines for Annual Student Loan
Summary Notification
March 2023
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF EDUCATION
333 Market Street
Harrisburg, PA 17126-0333
education.
Commonwealth of Pennsylvania
Josh Shapiro, Governor
Department of Education
Khalid N. Mumin Ed.D., Acting Secretary
Office of Postsecondary and Higher Education
Kate Shaw, Ph.D., Deputy Secretary
Bureau of Postsecondary and Adult Education
Kimberly McCurdy, Ph.D., Director
The Pennsylvania Department of Education (PDE) does not discriminate in its educational programs,
activities, or employment practices, based on race, color, national origin, [sex] gender, sexual orientation,
disability, age, religion, ancestry, union membership, gender identity or expression, AIDS or HIV status, or
any other legally protected category. Announcement of this policy is in accordance with State Law
including the Pennsylvania Human Relations Act and with Federal law, including Title VI and Title VII of
the Civil Rights Act of 1964, Title IX of the Education Amendments of 1972, Section 504 of the
Rehabilitation Act of 1973, the Age Discrimination in Employment Act of 1967, and the Americans with
Disabilities Act of 1990.
The following persons have been designated to handle inquiries regarding the Pennsylvania Department
of Education¡¯s nondiscrimination policies:
For Inquiries Concerning Nondiscrimination in Employment:
Pennsylvania Department of Education
Equal Employment Opportunity Representative
Bureau of Human Resources
Voice Telephone: (717) 783-5446
For Inquiries Concerning Nondiscrimination in All Other Pennsylvania Department of Education
Programs and Activities:
Pennsylvania Department of Education
School Services Unit Director
333 Market Street, 5th Floor, Harrisburg, PA 17126-0333
Voice Telephone: (717) 783-3750, Fax: (717) 783-6802
If you have any questions about this publication or for additional copies, contact:
Pennsylvania Department of Education
Bureau of Postsecondary and Adult Education
333 Market Street, 12th Floor, Harrisburg, PA 17126-0333
Voice: (717) 787-7013, Fax: (717) 772-3622
education.
All Media Requests/Inquiries: Contact the Office of Press & Communications at (717) 783-9802
Table of Contents
Act 121 of 2018 .......................................................................................................................... 1
Definitions .................................................................................................................................. 1
Requirements ............................................................................................................................ 1
Templates .................................................................................................................................. 2
Means of Delivery ...................................................................................................................... 2
Timing ........................................................................................................................................ 2
Contracting for Service............................................................................................................... 2
Federal Online Aid Counseling Tool and Repayment Calculator ................................................ 2
Interest Calculation .................................................................................................................... 3
Assurance of Compliance .......................................................................................................... 3
Frequently Asked Questions ...................................................................................................... 4
Appendix A: Template for Federal and Non-Federal Student Loan Information .......................... 7
Appendix B: Template for Non-Federal Student Loan Information Only ..................................... 9
Appendix C: Act 121 of 2018.....................................................................................................11
Act 121 of 2018
On October 24, 2018, Governor Wolf signed into law Act 121 of 2018 (Act 121) which created
new duties for postsecondary institutions regarding education loans. Beginning in September
2019, institutions of higher education (IHEs), as defined in section 118(c) of the act of March 10,
1949 (P.L.30, No.14), known as the Public School Code of 1949, were required to notify
students of the balance of education loans the students have borrowed to date. The first
notifications required under Act 121 were required to be sent on or before July 1, 2020.
Definitions
Institution of Higher Education: As defined in section 118(c), an ¡°Institution of higher
education¡± includes any of the following:
1. A community college operating under Article XIX-A.
2. A university within the State System of Higher Education.
3. The Pennsylvania State University.
4. The University of Pittsburgh.
5. Temple University.
6. Lincoln University.
7. Any other institution that is designated as ¡°State-related¡± by the Commonwealth.
8. Any accredited private or independent college or university.
9. Any private licensed school as defined in the act of December 15, 1986 (P.L. 1585, No.174),
known as the ¡°Private Licensed Schools Act.¡±
Student: As defined in section 118(c), is a person who attends an institution of higher
education, whether enrolled on a full-time, part-time, credit, or noncredit basis.
Requirements
An IHE that receives federal education loan or other student loan information must provide
students, on an annual basis, with the following information:
1.
An estimate of the total amount of the federal loan(s) or other student loan(s) disbursed by
the IHE and borrowed by the student;
2.
An estimate of the total payoff amount of the education loans if the loans were to go into
repayment as of the date of the annual notification;
March 2023
1
3.
The number of years used in determining the potential total payoff amount; and
4.
Information on how the student can access an online aid counseling tool and repayment
calculator.1
The information provided may include a statement that any estimate or range provided is
general in nature and not intended to be a guarantee or promise of an actual projected amount.
If included, the statement must include a link to a federal online aid counseling tool and a
repayment estimator; and a disclaimer indicating the information provided pertains only to the
federal loans or other student loan(s) disbursed at (or directly from) the respective IHE.
Templates
Appendix A and Appendix B contain student loan summary notification templates developed by
PDE in consultation with the Pennsylvania Association of School Financial Aid Administrators
(PASFAA). Although IHEs are not required to use the provided templates and may create a
template of their own to fit the needs of their institutions and students, please be advised that
the letter must be inclusive of the items prescribed in Act 121.
Means of Delivery
An IHE must provide the information to students through first class mail, electronic mail, or other
communication protocol established by the IHE.
Timing
The communication described above must be provided to students on an annual basis at a time
determined by the IHE, but no later than July 1 of each year.
Contracting for Service
An IHE may contract with a student loan servicer, including the Pennsylvania Higher Education
Assistance Agency (PHEAA), to provide the communication to students.
Federal Online Aid Counseling Tool and Repayment Calculator
Act 121 requires PDE, in consultation with PHEAA, to approve a federal online aid counseling
tool and a repayment calculator. As of September 1, 2019, PDE has approved the following
resources:
Aid Counseling Tool and Repayment Calculator:
1
The online aid counseling tool and repayment calculator must be approved by PDE in consultation with the
Pennsylvania Higher Education Assistance Agency (PHEAA).
March 2023
2
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