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Direct Loan Servicing

Direct Loan Consolidation

The Direct Loan School Guide is being reorganized and updated to reflect the regulatory requirements and electronic processes for the 2008-2009 award year.

The Guide will consist of six chapters, with additional links to important resources for participating schools.

Table of Contents [Forthcoming]

Introduction [Forthcoming]

Chapter 1: Borrower Eligibility [PDF]

Chapter 2: The Master Promissory Note & eMPN [PDF]

Chapter 3: DL Awards & Payments [Forthcoming]

Chapter 4: Using COD to make a Direct Loan [PDF]

Chapter 5: Funding & Disbursements [PDF]

Chapter 6: Reconciliation [PDF]

Chapter 7: Borrower Care [PDF]

Resources:

• Message Classes (Student Aid Internet Gateway)
• COD Reports (Includes Direct Loan Reports)
• Paper MPN Acceptance Guidelines DLB-07-21 (NOV)
• Closeout information for 2006-2007 Program Year DLB-08-04 (JAN)