Ed475 539 - Federal Student Aid Handbook, 2002-2003. Volume 8

Download or read book Ed475 539 - Federal Student Aid Handbook, 2002-2003. Volume 8 written by U. S. Department Of Education's Educatio and published by BiblioGov. This book was released on 2013-10 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume describes the institutional eligibility and administrative requirements for the William D. Ford Federal Direct Loan (Direct Loan) Program and the Federal Family Education Loan (FFEL) Program. While the borrower's eligibility is the same under either program, the procedures are different because funds for Direct Loans are provided directly to the school by the federal government, while loan funds under FFEL are usually provided by a private lender and are guaranteed by a state agency. There were no significant changes to regulations related to these programs in 2 002- 2003, but the delivery process has continued to evolve. The chapters are: (1) "Institutional Eligibility and Administrative Requirements for DL/FFEL"; ( 2 ) "Borrower Eligibility for DL/FFEL"; ( 3 ) "Determining the Loan Period"; (4) "Starting the Loan Process: The MPN & the School's Role"; ( 5 ) "Loan Counseling"; ( 6 ) "Payment to the Borrower"; and ( 7 ) "Following U p: After the Loan Is Made.."