6/18/10

ED Issues Guidance on Approaching Transition to DL

On June 16, 2010, the Department of Education (ED) published DCL GEN-10-10 to provide schools and lenders with important information about the approaching June 30, 2010 transition to the William D. Ford Direct Loan Program (DL). Specifically, the guidance outlines responses to inquiries ED has received regarding various origination and disbursement scenarios in the context of the transition period.

This guidance follows DCL GEN-10-05, which indicated ED would provide details about the wind down of the Federal Family Education Loan Program as prescribed in the Health Care and Reconciliation Act of 2010 (HCERA). Schools and lenders with questions that aren’t specifically addressed in the guidance are encouraged to contact Pamela Moran at 202-502-7732 or Pamela.Moran@ed.gov.

We’ll continue to monitor the coming transition and keep you informed. Visit our legislation page to view new documents as they become available.

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