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Direct Loan Servicing

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Becoming a Direct Loan Program Participant  Find out what steps you need to take for your school to participate in the Direct Loan Program. There are also instructions about adding locations, selecting how you process Direct Loans, and signing up to receive listserv messages.

Direct Loan Program Questions and Answers  PDF  This document provides high-level information about the Direct Loan Program, grouped in several categories and based on questions received from schools.

Direct Loan School Guide  A concise, user-friendly reference to school processes in the Direct Loan Program. The 2008 edition (under development) will include chapters on borrower eligibility, the master promissory note, loan award amounts, COD reporting, fund drawdown, reconciliation, and borrower care.

 


How to Get Training on Direct Loans  PDF  We provide a variety of training opportunities for the aid staff at schools that participate in the Direct Loan Program, ranging from online webinars to face-to-face instruction.

woman holding entrance counseling guide Counseling Videos  You may wish to refer loan borrowers at your school to these videos as an alternative or a supplement to on-line or in-person entrance and exit counseling. If you are using the videos as the primary counseling method, you must also ensure that students receive sample repayment information separately. (This can be done by providing them with a copy of the printed or PDF versions of the Entrance and Exit Counseling Guides.)

 


Direct Loan and Pell Process Flowchart  PDF | Word  Review a graphical representation of the Direct Loan and Pell process flows.

Direct Loan Publications  There are several publications that can help you as you administer the Direct Loan Program at your school. This list also includes all the student publications.

 

Master Promissory Notes  Get sample copies of the master promissory notes as well as plain language disclosures and the borrower's rights and responsibilities statements.

 


COD  The Common Origination and Disbursement website is where you can perform a variety of functions related to student/award/disbursement data for the Pell, Direct Loan, and Campus-Based programs.

Regulations  Go straight to the online regulations that pertain to the Direct Loan Program.

 

 


Direct Loan Bulletins   1997-2008  Direct Loan bulletins are issued periodically to inform schools about changes in Direct loan policy, changes to Direct loan and other federal student aid (Title IV) regulations, and changes in administrative procedures. They are also used to make special announcements to schools participating in the Direct Loan Program.

Interactive Calculators  There is a budget calculator, a calculator for each type of repayment plan, and a calculator for Direct consolidation loans.