ERIC Number: ED475539
Record Type: Non-Journal
Publication Date: 2002
Reference Count: N/A
Federal Student Aid Handbook, 2002-2003. Volume 8: Direct Loan and FFEL Programs.
Office of Federal Student Aid (ED), Washington, DC.
This volume describes the institutional eligibility and administrative requirements for the William D. Ford Federal Direct Loan (Direct Loan) Program and the Federal Family Education Loan (FFEL) Program. While the borrower's eligibility is the same under either program, the procedures are different because funds for Direct Loans are provided directly 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. There were no significant changes to regulations related to these programs in 2002-2003, but the delivery process has continued to evolve. 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: Eligibility, Federal Aid, Financial Aid Applicants, Higher Education, Need Analysis (Student Financial Aid), Paying for College, Student Financial Aid, Student Loan Programs, Work Study Programs
ED Pubs, P.O. Box 1398, Jessup, MD 20794-1398. Tel: 877-433-7827 (Toll Free); Web site: http://www.fsa4schools.ed.gov.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: Office of Federal Student Aid (ED), Washington, DC.
Identifiers - Laws, Policies, & Programs: Family Education Loan Program; Federal Direct Student Loan Program