Changes to OpenNet Web Loan Delivery Offer Schools, Borrowers More Options and Information

Enhancements to the OpenNet loan-delivery system, effective Feb. 17, 2007, will allow schools to specify local print options. In addition, borrowers will have more information available when they begin the online-application process for Federal Stafford loans.

Cover sheets optional in School Prom Note/School Certification printing
In the Web Loan Delivery local print options, OpenNet school-users will have the option to print a loan’s promissory note or school-certification form without cover sheets — saving schools paper and money.

Borrower Activity Center Federal Stafford-loan text changes
OpenNet will offer instructional text on the Borrower Activity Center “Start a Loan” tab regarding the Federal Stafford-loan borrower-initiated loan-process flow. The revised text will encourage borrowers to choose the correct loan program when beginning the loan-application process.

The online Help feature also will provide updated text directing Graduate PLUS-loan borrowers to select a Stafford loan before selecting a Graduate PLUS loan

The enhancements to borrower instructions will help borrowers to understand the process without taking the extra step of contacting their schools for clarification.

To learn more about the benefits of using OpenNet, contact your USA Funds^® Services account executive.