ERIC Number: ED454754
Record Type: Non-Journal
Publication Date: 2001
Reference Count: N/A
Student Financial Aid Handbook, 2000-2001. Volume 8: Direct Loan and FFEL Programs.
Department of Education, Washington, DC. Student Financial Assistance.
The "Student Financial Aid Handbook" explains the policies and procedures required for institutions of higher education to administer federally funded student financial assistance programs properly. This volume clarifies a school's responsibility with respect to Stafford and PLUS loans. These loans are offered through two delivery systems: the William D. Ford Federal Direct Loan (Direct Loan) Program and the Federal Family Education Loan (FFEL) Program. The borrower's eligibility is the same under either program, but the procedures are different because funds for Direct Loans are provided to the school by the federal government, while loan funds under FFEL are usually provided by a private lender and are guaranteed by a state agency. The chapters are: (1) "Institutional Eligibility and Administrative Requirements for DL/FFEL"; (2) "Borrower Eligibility for DL/FFEL"; (3) "Determining the Loan Period"; (4) "Starting the Loan Process: The MPN & the School's Role"; (5) "Loan Counseling"; (6) "Payment to the Borrower"; and (7) "Following Up: After the Loan Is Made." (SLD)
Descriptors: Compliance (Legal), Educational Finance, Eligibility, Federal Aid, Federal Programs, Federal Regulation, Grants, Higher Education, Paying for College, Student Financial Aid, Student Loan Programs
ED Pubs, P.O. Box 1398, Jessup, MD 20794-1398. Tel: 877-433-7827 (Toll Free).
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: Department of Education, Washington, DC. Student Financial Assistance.
Identifiers - Laws, Policies, & Programs: Federal Direct Student Loan Program; Stafford Student Loan Program