ASL will participate in the William D. Ford Federal Direct Loan (Direct Loan) Program beginning July 1, 2010. Students who previously received loans through the Federal Family Education Loan (FFEL) Program will now borrow through the Direct Loan Program. Instead of a bank lending the money, the U.S. Department of Education lends the money directly to students through the student school.
Students should complete a Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov by July 1, 2010. A Federal Student Aid Pin is required to complete the FAFSA. PINS may be obtained at www.pin.ed.gov. First-Time Student Loan Borrowers must complete a Direct Loan Master Promissory Note (MPN) and complete Direct Loan Entrance Counseling. To complete a Direct Loan MPN electronically, the student must have a Federal Student Aid PIN. The Federal Student Aid PIN is the same PIN used to complete the Free Application for Federal Student Aid (FAFSA). Direct Loan Entrance Counseling and Direct Loan Master Promissory notes must be completed electronically via the StudentLoans.gov Web site at https://studentloans.gov.
For additional information, contact the Financial Aid Office at 800.895.7411, ext. 1203.
