| Publication Date: June 29, 2007 Bulletin ID: DLB-07-14 Summary: Reminder of Student Loan Program Changes Effective July 1, 2007 Posted on 06-29-2007 Dear Partner: Over the past several months, we have provided important operational guidance about the upcoming student loan program changes that become effective on July 1, 2007 as required by the Higher Education Reconciliation Act of 2005 (the HERA), Pub. L. 109-171. As a reminder, schools can find this guidance in several Direct Loan Bulletins, as listed below. All are available on the Information for Financial Aid Professionals (IFAP) Web site (www.ifap.ed.gov).
If you have questions about the information about the bulletins listed above, please contact the COD School Relations Center at 800/848-0978 or by e-mail at CODSupport@acs-inc.com. Special Guidance for EDExpress Combination System Users- Direct Loan Origination Fee Percentage and Direct Loan External Add/Change Files (DIEA or DIEC) We would also like to provide detailed guidance to all Direct Loan "Combination System" users of the EDExpress for Windows software regarding the Origination Fee Percentage and how it is used to calculate anticipated disbursements when importing External Add or External Change files to originate or change loan records. A "Combination System" user is a school or servicer that uses EDExpress in combination with a mainframe or third-party software to create origination, change, and disbursement records in EDExpress. This guidance for Combination System users is described in the attachment to this bulletin. If you are a listserv reader, please go to the IFAP Web site (www.ifap.ed.gov) to access the bulletin and its attachment. If you have questions about the EDExpress Combination System user attachment, EDExpress, or importing external files, please contact CPS/SAIG Technical Support at 800/330-5947 (TDD/TTY 800/511-5806) or by e-mail at CPSSAIG@ed.gov. Thank you for your ongoing partnership in the Direct Loan Program. Sincerely, William Leith |