Alice Lloyd College

FAQs About the Federal Direct Lending Program

1. Why is ALC changing to the Federal Direct Lending Program?

President Obama and the current administration in Washington voted and passed the H.R. 4872-Health Care and Education Affordability Reconciliation Act of 2010, requiring all federal student loans to be funded by USDE through Direct Lending beginning July 1, 2010.

2. Do I have to complete another Master Promissory Note (MPN) with the federal government even if I have signed one before with a bank or other lender?

Yes, you must sign a new Direct MPN, because the federal government will now be your new lender. This should be the last MPN you have to sign as long as you attend ALC.

3. How and when do I complete a Direct Loan MPN?

If you plan to receive a Direct Loan either in the fall of 2010 or beyond, you need to complete a Direct Loan MPN as soon as possible. By completing the MPN now you will avoid possible delays in receiving your student loan funds. You can complete the MPN here.

4. If I have already completed a Direct Loan Master Promissory Note for another school, do I have to complete one for ALC?

Yes.

5. When I change from bank student loans to the Federal Direct Loan Program, will my earlier loans go into repayment?

No, as long as you remain enrolled at least half-time.   

6. Can I consolidate my Direct Loans and my bank loans?

Previous loans will not go into repayment as long as you remain enrolled at least half-time without a six-month break. When you do start repayment, you have a choice to either make payments to your previous lenders and the Federal Direct Loan Program or to consolidate your loans with the lender or the Federal government. Currently, most lenders have stopped consolidating loans, so most consolidations are with the government. The benefits of consolidation depend on interest rates at the time of consolidation. Federal consolidation information: http://www.loanconsolidation.ed.gov/.

7. How do I contact the Direct Loan Program?

Telephone: 1.800.848.0979
Website: www.direct.ed.gov

Upcoming Events

Calendar

October 2012
S M T W T F S
30 1

Office of Admissions Breast Cancer Awareness Month Begins

CloseOctober 1, 2012 @ N/A

Men's Cross Country @ UPike Invitational

CloseOctober 1, 2012 @ 5:00 pm

Women's Cross Country @ UPike Invitational

CloseOctober 1, 2012 @ 5:00 pm
2

LE 101 Dining Etiquette Seminars

CloseOctober 2, 2012 @ N/A

Event Details >>

This special seminar is sponsored by the ALC Leadership Program.
3

Marshall University College Fair

CloseOctober 3, 2012 @ N/A
4

JBS 1st Quarter Grades Due

CloseOctober 4, 2012 @ N/A
5 6

SAT Test Date

CloseOctober 6, 2012 @ N/A

Women's Volleyball versus Midway

CloseOctober 6, 2012 @ 12:00 pm
7 8 9 10

ALC Midterm Grades Due

CloseOctober 10, 2012 @ N/A

JBS Science Fair

CloseOctober 10, 2012 @ N/A
11 12

JBS Grandparents' Day

CloseOctober 12, 2012 @ N/A
13

ALC Alumni Association Meeting

CloseOctober 13, 2012 @ N/A

Appalachia Day Homecoming

CloseOctober 13, 2012 @ N/A

Appalachia Day Homecoming

CloseOctober 13, 2012 @ N/A

Fall Open House

CloseOctober 13, 2012 @ 8:00 am

Eagles vs. Alumni

CloseOctober 13, 2012 @ 10:00 am

Eagles vs Alumni

CloseOctober 13, 2012 @ 3:00 pm

Lady Eagles vs Alumni

CloseOctober 13, 2012 @ 4:30 pm

The Penny Loafers

CloseOctober 13, 2012 @ 7:00 pm

Event Details >>

The Penny Loafers, an all-male quartet, treats us to a special performance during Appalachia Day Homecoming.
14 15 16

Breast Cancer Awareness

CloseOctober 16, 2012 @ 1:00 pm

Event Details >>

A fundraising event sponsored by PBL.
17 18

ALC Fall Break (No Classes)

CloseOctober 18, 2012 @ N/A

Fall Break (No Classes)

CloseOctober 18, 2012 @ N/A

JBS Fall Break (No Classes)

CloseOctober 18, 2012 October 19, 2012 @ N/A
19

JBS Fall Break (No Classes)

CloseOctober 18, 2012 October 19, 2012 @ N/A

Women's Tennis @ IU Southeast

CloseOctober 19, 2012 @ N/A
20

Women's Tennis @ Midway

CloseOctober 20, 2012 @ 11:00 am
21 22

ALC Alcohol Awareness Week

CloseOctober 22, 2012 @ N/A

Alcohol Awareness Week

CloseOctober 22, 2012 @ N/A
23

ALC Alcohol Awareness Week

CloseOctober 22, 2012 @ N/A

Alcohol Awareness Week

CloseOctober 22, 2012 @ N/A

Choices

CloseOctober 23, 2012 @ 1:00 pm

Event Details >>

Mountain Comprehensive Care guests in this very important convo during Alcohol Awareness Week.
24

ALC Alcohol Awareness Week

CloseOctober 22, 2012 @ N/A

Alcohol Awareness Week

CloseOctober 22, 2012 @ N/A
25

ALC Alcohol Awareness Week

CloseOctober 22, 2012 @ N/A

Alcohol Awareness Week

CloseOctober 22, 2012 @ N/A

Shame the Devil!: An Audience with Fanny Kemble (Convo 1)

CloseOctober 25, 2012 @ 1:00 pm

Event Details >>

As a prelude to tonight’s performance, please join us for a lecture by Kathi Ellis about Shame the Devil!: An Audience with Fanny Kemble.

Women's Volleyball versus Bluefield College

CloseOctober 25, 2012 @ 5:00 pm

Shame the Devil!: An Audience with Fanny Kemble

CloseOctober 25, 2012 @ 7:30 pm

Event Details >>

Megan Burnett performs her one-woman show Shame the Devil!: An Audience with Fanny Kemble.
26

JBS Fall Festival

CloseOctober 26, 2012 @ N/A

Women's Tennis @ KIAC Tournament (@ IU East)

CloseOctober 26, 2012 @ N/A

Men's Cross Country @ Kentucky Christian Invitational

CloseOctober 26, 2012 @ 4:00 pm

Women's Cross Country @ Kentucky Christian Invitational

CloseOctober 26, 2012 @ 4:00 pm
27

ACT Test Date

CloseOctober 27, 2012 @ N/A
28 29 30 31

Trunk or Treat (Admissions Ambassadors)

CloseOctober 31, 2012 @ N/A
1 2 3

Eagle Day Saturday

CloseNovember 3, 2012 @ N/A

SAT Test Date

CloseNovember 3, 2012 @ N/A