Re: bursar-l: Direct Loans

Susan,

FYI - PDG's upcoming Student Loan, Receivables and Collections Conference in
St. Petersburg, FL November 8-11 will have DOE rep Gail McLarnon discussing
the status of the legislation and also a session on moving to Direct Loan
from FFELP. Go to: http://www.prodev.com/conferences/slrc/2009/index.html
for more info on the entire conference as well as registration.

Barry Greenberg

-----Original Message-----
From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Forman, Susan
W
Sent: Tuesday, September 22, 2009 12:40 PM
To: bursar-l_at_list.mail.virginia.edu
Subject: bursar-l: Direct Loans

Subject: Direct Loans

 
I am looking for information on Direct Loans in light of the new legislation
being considered. How does the processing for Direct Loans differ from that
of the Stafford Loan programs? What office are the processes that would need
to be handled by the Bursar's Office. Currently for the Stafford loans, we
receive the eft transmission from ELM, load the file into financial aid, and
prepare the deposit document. We reconcile the ELM disbursement account to
make sure everything is either disbursed or returned to the lender.

Thank you for your responses.

Susan Forman
Bursar
University of Tennessee, Knoxville
211 Student Services Bldg.
Knoxville, TN 37996-0225
(865) 974-1384 Phone
(865) 974-1945 Fax

In an effort to adhere to federal privacy laws, the Bursar's Office
restricts the release of student information to other persons. We will be
unable to release information to third parties (i.e. parents, spouses, etc.)
without a signed FERPA release form on file from the student. The FERPA form
is available on-line at
http://registrar.tennessee.edu/forms/finan_info_release.pdf. Students must
contact us personally to check the status of their student account unless
the student has completed a FERPA release form. This FERPA release form
applies only to financial records contained in the Bursar's and Financial
Aid Offices. The completed form should be returned to the Bursar's Office at
211 Student Services Bldg., Knoxville, TN 37996-0225.

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Received on Wed Sep 23 2009 - 11:37:25 EDT