Regulacje i polityka gospodarcza · 20.09.1995

William D. Ford Federal Direct Loan Program

The Secretary of Education proposes to amend the William D. Ford Federal Direct Loan (Direct Loan) Program regulations. The proposed regulations would apply to loans under the Federal Direct Stafford/Ford Loan (Direct Subsidized Loan) Program, the Federal Direct Unsubsidized Stafford/Ford Loan (Direct Unsubsidized Loan) Program, the Federal Direct PLUS Loan (Direct PLUS Loan) Program, and the Federal Direct Consolidation Loan (Direct Consolidation Loan) Program, collectively referred to as the Direct Loan Program. These proposed regulations would provide schools with more flexibility in performing origination functions, and clarify the date of loan origination. These proposed regulations also would set timelines for the submission of promissory notes, disbursement records, and origination records. Finally, the regulations being proposed would address the repayment plans available for the consolidation of a single Federal Family Education (FFEL) Loan Program loan into the Direct Loan Program.