The Health Care and Education Reconciliation Act of 2010 requires all new federal student loans disbursed after June 30, 2010, to be through the Federal Direct Loan Program.
Here are some resources for schools participating in the Direct Loan Program.
- U.S. Department of Education Dear Colleague Letter GEN-10-05, providing a high-level description of the new law’s implications for the Federal Pell Grant Program and Title IV federal student loan programs.
- Dear Colleague Letter GEN-10-10, providing answers to questions about the June 30,2010, deadline for making Federal Family Education Loan Program loans.
- U.S. Department of Education site for schools new to direct lending.
- Direct Loan Process Overview.
- Dear Colleague Letter GEN-10-13, outlining the temporary authority for consolidating loans in an in-school status.
- Order magnets from USA Funds that direct borrowers to the National Student Loan Data System for loan information.
- Download a document from USA Funds to share with students and parents, to help them manage multiple types of federal education loans.
- The Department's Information for Financial Aid Professionals Direct Loans page.
- Software and manuals from the Department, including the Common Origination and Disbursement Technical Reference.
- Recording of Department webcast on Direct Loan reconciliation.
- Direct Loan information for foreign schools — including setup materials, training information and sample communications — through the IFAP site.
- Mentors from the National Direct Student Loan Coalition, who can provide Direct Loans transition assistance.
- Submit questions to USA Funds Ask PolicySM experts for answers to your Direct Loan policy questions.