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

March 2013
S M T W T F S
24 25

Women's Basketball versus Asbury University

CloseFebruary 25, 2013 @ 4:00 pm

Event Details >>

KIAC Tournament Semifinal. The game will be played at IU Southeast, which is in New Albany, Indiana.
26

Lori Farris

CloseFebruary 26, 2013 @ 1:00 pm

Event Details >>

Lori Farris, the Mediation and Senior Protection Branch Manager for the Kentucky Attorney General’s Office of Consumer Protection, guests to discuss the issues currently facing consumers.
27 28

Eagles Baseball versus Bethel University

CloseFebruary 28, 2013 @ 1:00 pm

Event Details >>

Doubleheader
1

ALC Midterm Grades Due

CloseMarch 1, 2013 @ N/A

JBS 3rd Quarter Grades Due

CloseMarch 1, 2013 @ N/A
2

Eagle Day Saturday

CloseMarch 2, 2013 @ N/A
3 4

ALC Spring Break (No Classes)

CloseMarch 4, 2013 @ N/A

JBS Spring Break (No Classes)

CloseMarch 1, 2013 March 8, 2013 @ N/A

Spring Break (No Classes)

CloseMarch 4, 2013 @ N/A

The Voices of Appalachia Spring Tour

CloseMarch 4, 2013 @ N/A

Eagles Baseball versus Ohio Mid-Western

CloseMarch 4, 2013 @ 1:00 pm

Event Details >>

Doubleheader
5

ALC Spring Break (No Classes)

CloseMarch 4, 2013 @ N/A

Spring Break (No Classes)

CloseMarch 4, 2013 @ N/A

The Voices of Appalachia Spring Tour

CloseMarch 4, 2013 @ N/A

JBS Spring Break (No Classes)

CloseMarch 1, 2013 March 8, 2013 @ N/A

Eagles Baseball versus Ohio Mid-Western

CloseMarch 5, 2013 @ 1:00 pm

Event Details >>

Doubleheader
6

ALC Spring Break (No Classes)

CloseMarch 4, 2013 @ N/A

Spring Break (No Classes)

CloseMarch 4, 2013 @ N/A

The Voices of Appalachia Spring Tour

CloseMarch 4, 2013 @ N/A

JBS Spring Break (No Classes)

CloseMarch 1, 2013 March 8, 2013 @ N/A
7

ALC Spring Break (No Classes)

CloseMarch 4, 2013 @ N/A

Spring Break (No Classes)

CloseMarch 4, 2013 @ N/A

The Voices of Appalachia Spring Tour

CloseMarch 4, 2013 @ N/A

JBS Spring Break (No Classes)

CloseMarch 1, 2013 March 8, 2013 @ N/A
8

JBS Spring Break (No Classes)

CloseMarch 1, 2013 March 8, 2013 @ N/A
9

SAT Test Date

CloseMarch 9, 2013 @ N/A
10 11 12

Jason Stowers

CloseMarch 12, 2013 @ 1:00 pm

Event Details >>

ALC instructor and coach, Jason Stowers, will spend the hour discussing “Goal Setting – Reaching Your Potential” with our students.
13 14 15

Eagles Baseball versus Brescia University

CloseMarch 15, 2013 @ 1:00 pm
16

Eagle Day Saturday

CloseMarch 16, 2013 @ N/A

Eagles Baseball versus Brescia University

CloseMarch 16, 2013 @ 12:00 pm

Event Details >>

Doubleheader
17 18 19

Eagles Baseball versus University of the Cumberlands

CloseMarch 19, 2013 @ 1:00 pm

Event Details >>

9 innings

Terri Thompson

CloseMarch 19, 2013 @ 1:00 pm

Event Details >>

Terri Thompson presents “Catch the Entrepreneurial Spirit,” in which she shares the importance of developing leadership skills and ethics to successfully achieve your goals.

Dining Etiquette Leadership Seminar

CloseMarch 19, 2013 @ 2:00 pm

Event Details >>

This event is required for all students in Leadership 101. You must be professionally dressed!
20

Dining Etiquette Leadership Seminar

CloseMarch 20, 2013 @ 1:00 pm

Event Details >>

This event is required for all students in Leadership 101. You must be professionally dressed!
21

Softball @ Indiana University Southeast

CloseMarch 21, 2013 @ 3:00 pm

Event Details >>

Doubleheader
22

Eagles Baseball versus Point Park University

CloseMarch 22, 2013 @ 1:00 pm

Event Details >>

Doubleheader

Softball @ Midway College

CloseMarch 22, 2013 @ 4:00 pm

Event Details >>

Doubleheader
23

Eagle Day Saturday

CloseMarch 23, 2013 @ N/A

Eagles Baseball versus Point Park University

CloseMarch 23, 2013 @ 12:00 pm

Event Details >>

Doubleheader
24 25 26

Eagles Baseball versus Tennessee Temple

CloseMarch 26, 2013 @ 1:00 pm

Event Details >>

Doubleheader

James V. Mongiardo Speech Competition

CloseMarch 26, 2013 @ 1:00 pm

Event Details >>

ALC’s twentieth annual speech competition!
27

Softball @ UPike

CloseMarch 27, 2013 @ 5:00 pm

Event Details >>

Doubleheader
28

Chris Mullins

CloseMarch 28, 2013 @ 1:00 pm

Event Details >>

Chris Mullins, a musician and instructor at the Kentucky School of Bluegrass and Traditional Music, will present us with a musical tour of the history of Appalachian music.
29

ALC Good Friday/Easter Break (No Classes)

CloseMarch 29, 2013 @ N/A

Easter Break (No Classes)

CloseMarch 29, 2013 @ N/A

JBS Good Friday/Easter Break (No Classes)

CloseMarch 29, 2013 @ N/A

Baseball @ Asbury University

CloseMarch 29, 2013 @ 1:00 pm

Event Details >>

Doubleheader

Softball versus Point Park University

CloseMarch 29, 2013 @ 2:00 pm

Event Details >>

Doubleheader
30

Baseball @ Asbury University

CloseMarch 30, 2013 @ 12:00 pm

Event Details >>

Doubleheader

Softball versus IU Southeast

CloseMarch 30, 2013 @ 1:00 pm
31 1

Baseball versus Johnson University

CloseApril 1, 2013 @ 3:00 pm

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Doubleheader @ Knott Central Baseball Field
2

Blue Jeans for Babies

CloseApril 2, 2013 @ 1:00 pm

Event Details >>

A special event, sponsored by Phi Beta Lambda, designed to increase awareness of the March of Dimes.

Softball @ Asbury University

CloseApril 2, 2013 @ 3:00 pm

Event Details >>

Doubleheader
3

Baseball @ New River Community College

CloseApril 3, 2013 @ 3:00 pm

Event Details >>

Doubleheader
4

ALC Honors Day

CloseApril 4, 2013 @ N/A

ALC Spring Play

CloseApril 4, 2013 @ N/A

ALC Honors Day

CloseApril 4, 2013 @ 1:00 pm

ALC Student Theatre

CloseApril 4, 2013 @ 7:30 pm

Event Details >>

Eagle Theatre will present a series of one-act plays.
5

ALC Spring Play

CloseApril 4, 2013 @ N/A

Softball versus Carlow University

CloseApril 5, 2013 @ 4:00 pm

Event Details >>

Doubleheader

Baseball @ IU Southeast

CloseApril 5, 2013 @ 5:00 pm

Event Details >>

Doubleheader
6

ALC Alumni Board of Directors Meeting

CloseApril 6, 2013 @ N/A

Eagle Day Saturday

CloseApril 6, 2013 @ N/A

Baseball @ IU Southeast

CloseApril 6, 2013 @ 12:00 pm

Event Details >>

Doubleheader

Softball versus Asbury University

CloseApril 6, 2013 @ 3:00 pm

Event Details >>

Doubleheader