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Moving to the Federal Direct Loan Program: Understanding Business Practices
05/20/2008  Uncertainty in the credit markets and the student loan environment is leading a number of colleges and universities to consider moving from the bank-based Federal Family Education Loan (FFEL) program to the Federal Direct Loan program. Under the Direct Loan program, the federal government provides loans directly to students with the institution taking a more active role in loan origination. Most institutions have not revisited their initial choice to participate in one of these programs in more than a decade—leaving business officers with many questions about the operational implications of such a switch.
NACUBO has teamed with the National Direct Student Loan Coalition (NDSLC), a association of institutions of higher education participating in the Direct Loan program, to provide an overview of campus operations under the Direct Loan program, the steps involved in switching, and address the many questions being raised by business officers. The presenters, each from a different administrative area, will also share best practices from their institutions.
The audience will have the opportunity to ask questions throughout the program.
This Web cast is intended to help each institution make an informed decision that will be best for its circumstances, not to advocate for either option.
What You Will Learn:
- Business reasons for moving from the FFEL program to the Direct Loan program
- Issues to consider in the decision-making process about business practices that impact the business and student financial aid offices
- Operational requirements for cash management
- Best business practices at participating Direct Loan institution
Who Should Participate?
- Chief business officers
- Bursars
- Directors of student financial services
- Student financial aid administrators
- Controllers
Meet the Presenters:
- Cory Bastik, senior systems support specialist, Rutgers University
- August Daquila, controller, Ramapo College
- Craig Munier, director of scholarships and financial aid, University of Nebraska, Lincoln
- M.E.G. Schmidtbauer, loan unit manager, University of Minnesota, Twin Cities
Course Information:
- Course Level: Overview
- CPE Field of Study: Specialized Knowledge and Application
- Length: 75 minutes
- Prerequisites: none
- CPE Credits: 1.5
Fees
| Member: |
$159.00 |
| Non-member: |
$159.00 |
Time
1:30pm ET
Length
Approximately
100.00
minutes
Technical Requirements
- Windows 9x/NT/2000/XP (Mac and Linux are not supported)
- IE 5.0 or Higher (Netscape is not Supported)
- Windows Media Player 6.01 or Higher (May have some issues with versions below 7.0)
- To successfully view this program you must first follow the Test Your System link located on the Event Help Guide
Customer Support Center:
Technical Issues with Webcasts
Call 1.800.462.4916 to speak to Customer Support.
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