Don’t forget to register for June webcasts from USA Funds® University that will focus on reporting requirements for subsidized Direct Loan eligibility.
The Moving Ahead for Progress in the 21st Century Act (MAP-21) has prompted the U.S. Department of Education to re-emphasize, and in some cases revise, reporting requirements related to student eligibility for subsidized Direct Loans.
MAP-21 imposes an eligibility limit for certain borrowers of subsidized Direct Loans. These borrowers cannot borrow additional subsidized loans once they receive those funds for 150 percent of the published program length. A student’s reported academic year, loan period and enrollment status factor into whether a student remains eligible for subsidized Direct Loans.
In this June 3-5 webcast series, you’ll:
- Learn how changes to an academic year can affect a student’s 150-percent standing and when those changes trigger reporting requirements.
- Explore the similarities between payment periods and loan periods and how to report accurate information to the Department.
- Discover how a student’s enrollment status can change the resulting 150-percent calculations.
Learn more and register for the USA Funds University webcasts, scheduled from 2-3:30 p.m. Eastern time on June 3-5.