# Presentation: 681333

## Improving Direct Loan Processing2008

- Barbara Davis	Margaret Day
- Wood Mason

## New for 0809
Master Promissory Notes 
Common Origination and Disbursement
Issue Resolution
Direct Loan Services
Cash and Reconciliation 
Direct Loan Tools 
Direct Loan resources

- Master Promissory Notes
- Common Origination and Disbursement
- Issue Resolution
- Direct Loan Services
- Cash and Reconciliation
- Direct Loan Tools
- Direct Loan resources

**Agenda**

## New for 08/09 

- Processing option change to require MPNs before disbursements accepted
- Direct Loan Bulletin (DLB) 08-03

## New for 08/09 

- More rigorous editing on PLUS loans (parent vs. grad/professional students)
- Edits 147, 148, 149, 150, 151, 152, 153
- Electronic Announcement March 4, 2008

## New for 08/09 

- Dependency status code required on all origination records
- Data missing– 994, 996 and 998
- Electronic Announcement 030408
- Additional unsubsidized indicator
- Data discrepancy – 154, 156, 157, 158
- Electronic Announcement March 4, 2008

## New for 08/09 

- New PLUS MPN
- must be using this NOW!
- DLB-07-20
- New PLUS, Sub and Unsub Plain Language Disclosure (PLD)
- Electronic Announcement March 4, 2008
- DLB 08-06, DLB 08-07
- New Sub and Unsub MPN out early summer

## New for 08/09 

- New materials and resources
- Direct Loan Entrance counseling video
- New Direct Loan School guide (available in its entirety late Spring)

## Reminder for 08/09 

- Origination Fee reduction
- 2.0% for sub/unsub loans with earliest disbursement date July 1, 2008 and after
- Direct Loan Bulletin 08-05

## New for 0809 
Master Promissory Notes 
Common Origination and Disbursement
Issue Resolution
Direct Loan Services
Cash and Reconciliation 
Direct Loan Tools 
Direct Loan resources

- Master Promissory Notes
- Common Origination and Disbursement
- Issue Resolution
- Direct Loan Services
- Cash and Reconciliation
- Direct Loan Tools
- Direct Loan resources

**Agenda**

## Direct  Loan Processing Cycle

- Promissory Note

- Disburse

- Reconcile

- Originate

## www.dlenote.ed.gov

## eMPN advantages

- 24/7 availability
- Won’t get lost
- Less paper and saves postage
- Less prone to error (edits built in)
- Faster linking with award information

## eMPN advantages

- Promissory note completion is convenient and confidential
- Easily retrieved for viewing or printing by both the school and borrower
- Reminder-  paper must be made available to those who request it

## Slide 14

## eMPN Web Site Options

- Set up your school options
- Search for electronic promissory notes
- Change your password

## School options -eMPN

## eMPN search

**eMPN search**

## eMPN date range search results

- 18

## New for 0809 
Master Promissory Notes 
Common Origination and Disbursement
Issue Resolution
Direct Loan Services
Cash and Reconciliation 
Direct Loan Tools 
Direct Loan resources

- Master Promissory Notes
- Common Origination and Disbursement
- Issue Resolution
- Direct Loan Services
- Cash and Reconciliation
- Direct Loan Tools
- Direct Loan resources

**Agenda**

## Slide 20

## COD – Person menu

- Person
- Promissory note searches
- Perform credit checks and do credit check searches
- View and update direct loan origination and disbursement data

## Person: Promissory note search

**Person: Promissory note search**

## Slide 23

## 24

## Slide 25

## Slide 26

## Slide 27

## 28

## 29

## 30

## COD – Batch Menu

- Batch searches to resolve edit rejects
- Search by date range
- Search by SSN
- Action queue to release disbursements and for reconciliation

## Batch Search Menu

## Batch date range search

## Batch Summary Data

## Batch: $’s and #’s by program

## Slide 36

## 37

## 38

## Slide 39

## Batch: SSN search

## 41

## 42

## 43

## 44

## Batch: Action Queue

## 46

## 47

## 48

## COD: Services menu

**COD: Services menu**

## Direct Loan newsbox

## Slide 51

## Direct Loan servicing reports

## Entrance counseling reports

- Choose by main campus or branch
- Select date range/or predefined date range

## Exit counseling choices

## Slide 55

## Slide 56

## Slide 57

## School: Correspondence

## School: Report selection

## School: SAS options

## New for 0809
Master Promissory Notes 
Common Origination and Disbursement
Issue Resolution
Direct Loan Services
Cash and Reconciliation 
Direct Loan Tools 
Direct Loan resources

- Master Promissory Notes
- Common Origination and Disbursement
- Issue Resolution
- Direct Loan Services
- Cash and Reconciliation
- Direct Loan Tools
- Direct Loan resources

**Agenda**

## Direct Loan Tools

- View/Print the SAS in a readable format
- Compare School and COD origination and disbursement data
- Record and Monitor Cash
- Rebuild an EDExpress Database

## YTD Cash Summary

## Sample Cash Detail

## YTD Disbursement Detail

## SAS Loan and Disbursement Detail

**SAS Loan and Disbursement Detail**

## New for 0809 
Master Promissory Notes 
Common Origination and Disbursement
Issue Resolution
Direct Loan Services
Cash and Reconciliation 
Direct Loan Tools 
Direct Loan resources

- Master Promissory Notes
- Common Origination and Disbursement
- Issue Resolution
- Direct Loan Services
- Cash and Reconciliation
- Direct Loan Tools
- Direct Loan resources

**Agenda**

## Locating Direct Loan Information on http://IFAP.ed.gov

- Tools for Schools
- COD CBT
- EDExpress WBT
- Direct Loan/COD Listserve
- Letters and Bulletins
- Direct Loan Bulletins

## Locating Direct Loan Information on http://IFAP.ed.gov

- Publications
- COD technical reference
- Blue Book
- Laws and Regulations
- Code of Federal Regulations (CFR 685)
- Links
- Direct Loan web site
- ordering publications

## Direct Loan Assistance

- COD customer service
- 1.800.848.0978
- Codsupport@acs-inc.com
- Direct Loan Operations
- Dlops@ed.gov

## Non FSA Assistance:DL Coalition

- _[www.directstudentloancoalition.org](http://www.directstudentloancoalition.org/)_
- “The Coalition is comprised of such schools who are dedicated to the improvement of the Direct Loan program. Our members are financial aid professionals from participating institutions.”

## We appreciate your feedback and comments.

- _[Barbara.Davis@ed.gov](mailto:Barbara.Davis@ed.gov)_
- _[Margaret.Day@ed.gov](mailto:Margaret.Day@ed.gov)_
- _[Wood.Mason@ed.gov](mailto:Wood.Mason@ed.gov)_