ERIC Number: ED422784
Record Type: Non-Journal
Publication Date: 1998-Jul
Reference Count: N/A
Direct Loan School Guide, 1998-1999. A Better Way To Borrow. The William D. Ford Federal Loan Program.
Office of Postsecondary Education, Washington DC. Student Financial Assistance Programs.
This guide for postsecondary education institutions provides guidelines for administering the William D. Ford Federal Direct Loan Program. Chapter 1 describes general participation and origination criteria. Chapter 2 describes the electronic support the Department of Education provides, including information on Electronic Data Exchange (EDE), EDExpress, and the direct loan component of EDExpress. Chapter 3 describes information available to schools and students via the department's Direct Loan web site. Chapter 4 offers guidance on explaining the Direct Loan program to borrowers and potential students. Chapter 5, on establishing student eligibility, describes the application process, determination of loan amounts, and loan monitoring. Chapter 6 explains the process for creating origination records and promissory notes and transmitting them to the Direct Loan Origination Center for action. Chapter 7 describes the procedures for making Direct Loan fund requests, disbursing funds, and reporting disbursements. Reconciliation accounting is discussed in chapter 8; and chapter 9 provides a brief discussion of the Student Status Confirmation report process. Chapter 10 covers issues related to servicing and problem resolution. The final chapter describes the Direct Loan Quality Assurance Program. The 26 appendices include sample copies and detailed explanations of various application forms and statements and sample letters.(DB)
Descriptors: College Administration, Compliance (Legal), Eligibility, Federal Programs, Financial Support, Government School Relationship, Higher Education, Recordkeeping, Student Financial Aid, Student Loan Programs
U.S. Department of Education, 600 Independence Ave., SW, Washington, DC 20202.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: Office of Postsecondary Education, Washington DC. Student Financial Assistance Programs.
Identifiers - Laws, Policies, & Programs: Federal Direct Student Loan Program