Update on Federal Loan Processing

A summary of Direct Loan processing updates was just received on IFAP in an announcement from William Leith, Service Director, Program Management, Federal Student Aid.  NASFAA reports that ED has been working with their contractor to fina a way to allow schools to begin sending loan records for 12-13 to COD as early as mid-April as opposed to July.  The announcement, which is worth a read, is located at:  http://ifap.ed.gov/eannouncements/022812CODimplementationinfosummary.html.

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