The text is given of the amendments to part 177 of Title 45 of the Code of Federal Regulations, concerning the federal Guaranteed Student Loan program. Subpart A concerns the program's purpose and scope. Subpart B concerns general provisions: definitions, eligibility, permissible charges, refunds, and prohibited transactions. Subpart C addresss federal payments of interest and special allowance. Subpart D deals with guarantee agency programs: agreements; death, disability, and bankruptcy payments; federal advances for reserve fund and others; federal reinsurance: cost allowances; and records and inspection requirements. Subpart E concerns the Federal Insured Student Loan Program (FISLP): circumstances and extent of insurance; issuance; limitations; premiums; repayment; deferment; diligence and forbearance; death, disability, and bankruptcy; cessation of lender collection; claims procedures and specifications; and reporting and inspection requiremets. In Subpart F, requirements, standards, and payments for participating schools are outlined. Subpart G reviews limitation, suspension, or termination of lender eligibility under the Federal Insured Student Loan Program. (MSE)