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

April 2013
S M T W T F S
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

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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

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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

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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
7 8

ALC Pre-Registration for Fall Semester

CloseApril 8, 2013 @ N/A
9

ALC Pre-Registration for Fall Semester

CloseApril 8, 2013 @ N/A

ALC Blood Drive

CloseApril 9, 2013 @ N/A

Blood Drive

CloseApril 9, 2013 @ N/A

JBS 4th Quarter Mid-Term Grades Due

CloseApril 9, 2013 @ N/A

Softball versus Berea College

CloseApril 9, 2013 @ 4:00 pm

Event Details >>

Doubleheader
10

ALC Pre-Registration for Fall Semester

CloseApril 8, 2013 @ N/A

Eagles Baseball versus Virginia Intermont

CloseApril 10, 2013 @ 1:00 pm

Event Details >>

Doubleheader
11

ALC Pre-Registration for Fall Semester

CloseApril 8, 2013 @ N/A

ALC All Campus Cookout

CloseApril 11, 2013 @ N/A

The Voices of Appalachia Spring Concert

CloseApril 11, 2013 @ N/A

Voices of Appalachia Spring Concert

CloseApril 11, 2013 @ 7:30 pm

Event Details >>

The Voices of Appalachia, ALC’s college choir, will present selections from their spring tour.
12

ALC Floyd County Alumni Banquet

CloseApril 12, 2013 @ N/A

Softball versus Midway College

CloseApril 12, 2013 @ 2:00 pm

Event Details >>

Doubleheader
13

ACT Test Date

CloseApril 13, 2013 @ N/A

ALC Spring Formal

CloseApril 13, 2013 @ N/A

Eagle Day Saturday

CloseApril 13, 2013 @ N/A

Baseball versus Berea College

CloseApril 13, 2013 @ 1:00 pm

Event Details >>

Doubleheader

Softball versus UC Clermont

CloseApril 13, 2013 @ 2:00 pm

Event Details >>

Doubleheader
14

Baseball versus Berea College

CloseApril 14, 2013 @ 1:00 pm

Event Details >>

Doubleheader
15

JBS K-9 Achievement Tests

CloseApril 15, 2013 @ N/A

Baseball versus University of Pikeville

CloseApril 15, 2013 @ 3:00 pm

Event Details >>

a single, 9-inning game
16

JBS K-9 Achievement Tests

CloseApril 15, 2013 @ N/A

ALC Athletic Awards

CloseApril 16, 2013 @ N/A

Honors Day *Required of ALL students.

CloseApril 16, 2013 @ 1:00 pm

Event Details >>

This convocation is dedicated to honoring students for academic excellence.
17

JBS K-9 Achievement Tests

CloseApril 15, 2013 @ N/A

Pre-Registration (for Fall Semester)

CloseApril 17, 2013 @ N/A

Eagles Baseball Senior Day

CloseApril 17, 2013 @ 3:00 pm

Event Details >>

SENIOR DAY celebration
18

JBS K-9 Achievement Tests

CloseApril 15, 2013 @ N/A

Pre-Registration (for Fall Semester)

CloseApril 17, 2013 @ N/A

ALC Student Work Awards Convocation

CloseApril 18, 2013 @ N/A

ALC Work Study Day

CloseApril 18, 2013 @ N/A

Work-Study Day

CloseApril 18, 2013 @ N/A

Student Work Awards *Required of ALL students. Casual dress.

CloseApril 18, 2013 @ 10:00 am

Event Details >>

This hour is dedicated to honoring students for their achievements within ALC’s Student Work Program.

Student Work Awards Convocation

CloseApril 18, 2013 @ 1:00 pm
19

Pre-Registration (for Fall Semester)

CloseApril 17, 2013 @ N/A

ALC Spring Board Meeting

CloseApril 19, 2013 @ N/A
20

Pre-Registration (for Fall Semester)

CloseApril 17, 2013 @ N/A

Eagle Day Saturday

CloseApril 20, 2013 @ N/A

Softball versus Brescia University

CloseApril 20, 2013 @ 4:00 pm

Event Details >>

Doubleheader
21

Pre-Registration (for Fall Semester)

CloseApril 17, 2013 @ N/A

Softball versus Brescia University

CloseApril 21, 2013 @ 1:00 pm

Event Details >>

Doubleheader
22

Pre-Registration (for Fall Semester)

CloseApril 17, 2013 @ N/A
23

Softball versus UPike

CloseApril 23, 2013 @ 4:00 pm

Event Details >>

doubleheader
24

Baseball versus Brescia University

CloseApril 24, 2013 @ 8:00 pm

Event Details >>

KIAC Tournament Opening Round @ IU Southeast
25 26

Softball @ Point Park University

CloseApril 26, 2013 @ 11:56 am

Softball @ Point Park University

CloseApril 26, 2013 @ 4:00 pm
27

Eagle Day Saturday

CloseApril 27, 2013 @ N/A

JBS Prom

CloseApril 27, 2013 @ N/A

Softball @ Carlow University

CloseApril 27, 2013 @ 1:00 pm
28 29

ALC Final Exams

CloseApril 29, 2013 @ N/A

Final Exams Week

CloseApril 29, 2013 @ N/A

KIAC Golf Tournament

CloseApril 29, 2013 @ 9:00 am

KIAC Golf Tournament

CloseApril 29, 2013 @ 9:00 am
30

ALC Final Exams

CloseApril 29, 2013 @ N/A

Final Exams Week

CloseApril 29, 2013 @ N/A

KIAC Golf Tournament

CloseApril 30, 2013 @ 9:00 am
1

ALC Final Exams

CloseApril 29, 2013 @ N/A

Final Exams Week

CloseApril 29, 2013 @ N/A
2

JBS Senior Spotlight

CloseMay 2, 2013 @ N/A

JBS Senior Spotlight

CloseMay 2, 2013 @ N/A
3

Softball versus Point Park University

CloseMay 3, 2013 @ 10:00 am

Event Details >>

KIAC Tournament
4

ALC Baccalaureate & Commencement

CloseMay 4, 2013 @ N/A

ALC Baccalaureate/Commencement

CloseMay 4, 2013 @ N/A

SAT Test Date

CloseMay 4, 2013 @ N/A