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, 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

September 2012
S M T W T F S
26 27 28 29 30

ALC Last Day to Register/Drop/Add

CloseAugust 30, 2012 @ N/A
31

JBS 1st Quarter Mid-Term Ends

CloseAugust 31, 2012 @ N/A
1
2 3

Labor Day (no classes)

CloseSeptember 3, 2012 @ N/A

Labor Day (No Classes)

CloseSeptember 3, 2012 @ N/A

Labor Day (No Classes)

CloseSeptember 3, 2012 @ N/A
4 5 6

ALC All Campus Cookout

CloseSeptember 6, 2012 @ N/A

ALC Blood Drive

CloseSeptember 6, 2012 @ N/A

ALC Blood Drive

CloseSeptember 6, 2012 @ N/A

All-Campus Cookout

CloseSeptember 6, 2012 @ N/A
7

ALC Board Retreat

CloseSeptember 7, 2012 @ N/A

JBS Elementary Field Day (K-5)

CloseSeptember 7, 2012 @ N/A
8

ACT Test Date

CloseSeptember 8, 2012 @ N/A

Men's Cross Country 5k Run

CloseSeptember 8, 2012 @ 9:00 am

Event Details >>

Knott County 5k Run in Hindman, KY— this event takes place during the Gingerbread Festival.

Women's Cross Country 5k Run

CloseSeptember 8, 2012 @ 9:00 am

Event Details >>

Knott County 5k Run at Hindman, KY — this event takes place during the Gingerbread Festival

Women's Tennis versus IU Southeast (@ Berea)

CloseSeptember 8, 2012 @ 11:00 am

Event Details >>

Lady Eagles Tennis season opener.

Women's Volleyball @ Cincinnati Clermont

CloseSeptember 8, 2012 @ 1:00 pm

Event Details >>

Lady Eagles Volleyball season opener.
9 10 11

ALC Opening Convocation

CloseSeptember 11, 2012 @ N/A

Yearbook Picture Convocation (Required of ALL students)

CloseSeptember 11, 2012 @ 9:00 am

Event Details >>

Yearbook photos will be taken in the Student Center, Second Floor. Required of ALL students.

Opening Convocation (Required of ALL students)

CloseSeptember 11, 2012 @ 1:00 pm

Event Details >>

In the first convocation of the semester, attorney Terry Dean Jacobs will address faculty, staff, and students.

Opening Convocation (Required of ALL students)

CloseSeptember 11, 2012 @ 1:00 pm
12

Women's Volleyball @ IUSE

CloseSeptember 12, 2012 @ 7:00 pm
13

ALC MAPP Test (Freshmen & Juniors)

CloseSeptember 13, 2012 @ N/A

MAPP Testing

CloseSeptember 13, 2012 @ 1:00 pm

Event Details >>

More info coming soon. Location TBA. This is a non-convo credit event.

JBS Parent-Teacher Conference

CloseSeptember 13, 2012 @ 3:30 pm
14

JBS Senior Field Day (6-12)

CloseSeptember 14, 2012 @ N/A
15

Women's Tennis versus Carlow University

CloseSeptember 15, 2012 @ 9:00 am

Men's Cross Country @ Berea College Invitational

CloseSeptember 15, 2012 @ 11:00 am

Women's Cross Country @ Berea College Invitational

CloseSeptember 15, 2012 @ 11:00 am

Women's Tennis versus Berea College

CloseSeptember 15, 2012 @ 2:00 pm
16 17

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A
18

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Convo

CloseSeptember 18, 2012 @ 7:30 pm

Event Details >>

In Session #1 (of 3) guest Wade Hopkins shares his message “Play to Win.”
19

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A
20

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Week

CloseSeptember 17, 2012 @ N/A

Religious Emphasis Convo Session #2

CloseSeptember 20, 2012 @ 1:00 pm

Event Details >>

Session #2 of Hopkins’s “Play to Win.”

Religious Emphasis Convo Session #3

CloseSeptember 20, 2012 @ 7:30 pm

Event Details >>

The conclusion to the “Play to Win” message.
21

ALC Alumna/Alumnus of the Year Banquet

CloseSeptember 21, 2012 @ N/A
22

Women's Tennis @ Brescia University

CloseSeptember 22, 2012 @ 2:00 pm

Event Details >>

* Game time is listed in Central Time.
23 24

Women's Volleyball @ Berea College

CloseSeptember 24, 2012 @ 5:00 pm
25

Constitution Day

CloseSeptember 25, 2012 @ 1:00 pm

Event Details >>

A discussion celebrating Constitution Day.
26 27

HCTC Transfer Summit

CloseSeptember 27, 2012 @ N/A
28 29

Women's Tennis versus Asbury

CloseSeptember 29, 2012 @ 11:00 am

Women's Tennis versus STLCOP

CloseSeptember 29, 2012 @ 3:00 pm
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