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(Direct Loans) Subject: Direct Loan Processing Information - Direct Loan Program Funding Overview (Updated March 3, 2016)

Posted Date:June 10, 2011

Author: William Leith, Service Director, Program Management, Federal Student Aid

Subject: Direct Loan Processing Information - Direct Loan Program Funding Overview (Updated March 3, 2016)

Note: In March 2016, we moved this announcement's attachment to the Direct Loan Processing Resources Information page on the IFAP Web site. Direct Loan Funding information is now at https://ifap.ed.gov/ifap/processing/directLoans.jsp.

This is second in a series of announcements that provides processing information for schools participating in the William D. Ford Federal Direct Loan (Direct Loan) Program. Each announcement is intended to provide operational guidance about a particular aspect of the Direct Loan process.

In this announcement, we provide an overview of the Direct Loan funding process. In the attachment titled “Direct Loan Program Funding Overview”, we cover the following topics:

  • Introductory Funding Definitions

  • Initial Funding

  • Funding Increases

  • Requesting Funds
  • Contact Information

We will post subsequent announcements about other Direct Loan processes on the Information for Financial Aid Professionals Web site.

Contact Information

If you have questions about this announcement or its attachment, contact the COD School Relations Center at 800/848-0978 for Direct Loans. You may also e-mail CODSupport@acs-inc.com.

Last Modified: 06/09/2011