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Ial Assistance Programs at Participating Institutions and Institution Servicers. This Guide supersedes the prior July 1997 version. Also attached are five pages highlighting changes from the prior version. Section 487(c) of the Higher Education Act of 1965, as amended, (HEA) and Section 668.23 of Title 34 of the Code of Federal Regulations (CFR) require all institutions participating in the Federal Student Financial Assistance Programs (SFA) to have an annual financial and compliance audit perfo.

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