Direct Loan Tools:  Operational Guidance
from the Department of Education

COD Processing Update:

August 1, 2014  
July 25, 2014  
July 18, 2014                                                     
July 11, 2014
July 3, 2014

A new edition of the COD Processing Update is posted on the COD website on business days when there is a change to the previously posted edition and each Friday.  Earlier COD Updates are available in the 'Electronic Updates' section on the IFAP Direct Loan page.

Revised Master Promissory Notes for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans (Paper Versions) (posted 8-4-14)

FSA Requests Financial Aid Community's Assistance in Stopping Misdirected Loan Payments to Discontinued ACS (Xerox) Payment Mailbox (posted 7-31-14)

Additional 2012-2013 Direct Loan Program Year Closeout Information (posted 6-26-14)

Additional COD System Implementation for 2014-2015 Award Year (posted 6-20-14)

Guidance for EDExpress 2014-2015 Direct Loan and TEACH Grant Users on Updating Software Setup and Existing Records after Release 3.0 Upgrade (posted 6-20-14)

New Direct Consolidation Loan Process Information - High-Level Overview of Phased Implementation Approach (posted 11-27-13)

Additional COD System Implementation for 2013-2014 Award Year (posted 11-26-13)

150% Direct Subsidized Loan Limit: Electronic Announcement #6 - Availability of New NSLDS Enrollment Reporting File Layouts (DRAFTS) (posted 11-25-13)

(NSLDS Record Layouts) Subject: DRAFT NSLDS New Enrollment Reporting File Layout (Fixed Width) (posted 11-25-13)

(NSLDS Record Layouts) Subject: DRAFT NSLDS New Enrollment Reporting File Layout (Comma Separated Values) (posted 11-25-13)

Direct Loans FSA Assessment (posted 11-5-13)

Direct Loan Quality Assurance Requirement Reminder (posted 11-13-13)

150% Direct Subsidized Loan Limit: Electronic Announcement #5 - Limited School Calculation of Remaining Eligibility (posted 11-12-13)

Loan Servicing Information - Repayment Plan Preference Information Shared with Loan Servicers Beginning January 2014 (posted 10-29-13)

Additional COD System Implementation for 2013-2014 Award Year (posted 10-18-13)

FY 2014 Sequestration Changes to the Title IV Student Aid Programs (GEN-13-22) (posted 10-17-13)

Default Rates for Cohort Years 2006-2010 (posted 8-20-13)

Update to Direct PLUS Loan Reconsideration Process (posted 8-13-13)

Update to Direct Loan Federal Interest Rate for Loans Disbursed on or after July 1, 2013 (posted 8-10-13)

Newsletter 43: NSLDS Enhancements (posted 7-25-13)

150% Direct Subsidized Loan Limit: Electronic Announcement #2 - Phase One of COD System Changes Scheduled for June 28-30, 2013 (posted 6-20-13)

150% Direct Subisidized Loan Limit: Electronic Announcement #1 - Interim Final Regulations Published (posted 5-16-13)

Reporting of Academic Year and Loan Period to COD for Direct Loans (posted 5-10-13)

Updated Guidance on Making Direct Loan Refunds of Cash (posted 4-3-13)

Impact of Sequestration on the Title IV Student Financial Assistance Programs (posted 3-15-13)

COD System Implementation for 2013-2014 Award Year (posted 3-15-13)

Implementation of Federal Student Aid System Access Changes  (posted 3-12-13)

Removal of Data for Closed Award Years from Production Environment  (posted 2-8-13)

Direct Loan Closeout Information for 2011-2012 Program Year  (posted 2-7-13)

Change to Login Process for All Federal Student Aid Systems Behind AIMS  (posted 2-6-13)

FY 2011 2-Year and FY 2012 3-Year Draft Cohort Default Rates Release Scheduled for February 2013  (posted 2-4-2013) 

Loan Servicing Information - Federally-Owned Loan Transfer Initiative Planned for January - August 2013  (posted 1-10-13)

Availability of NSLDS Enrollment Reporting Information and Documentation (posted 11-20-12)

Newsletter 40: NSLDS Enrollment Reporting Enhancements, Part 2 (posted 11-20-12)

Revised Master Promissory Note for Direct Subsidized and Direct Unsubsidezed Loans (posted 10-19-12)  Note: Includes Addendum Announcing Loss of Interest Subsidy for Subsidized Loans During the Grace Period.

Changes to Printing Options for Paper MPNs Beginning November 10, 2012 (posted 10-22-12)

Removal of Entrance and Exit Counseling Videos from Direct Loan Website Effective October 12, 2012  (posted 10-5-12)

Loan Servicing Information - Electronic Income-Based Repayment Application Available on StudentLoans.gov Website  (posted 9-26-12)

FY 2010 2-Year and FY 2009 3-Year Official Cohort Default Rates Release Scheduled for September 17 and 24, 2012  (posted 9-13-12)

Call Center Operations Information -- New Applicant Services Department E-mail Address Pilot Begins July 11, 2012  (posted 7-12-12)

Direct Loan Interest Rates and Changes to Student Eligibility for the Direct Subsidized Loans (posted 7-10-12)

Direct Loan Processing Information -- New Street Address for Mailing Paper Master Promissory Notes and Endorser Addenda Effective December 19, 2011 (updated 7-10-12)

FINAL DEADLINE EXTENSION: SAIG Upgrade -- All EDconnect and TDClient Users Must Upgrade to EDconnect 8.1 or TDClient 3.2 by August 5, 2012  (posted 6-25-12)

2012-2013 COD System Peak Processing Reminders  (posted 6-14-12)

FSA Extends Deadline for SAIG Upgrade to EDConnect 8.1  (posted 5-25-12)

Operational Implementation Information - Elimination of the Up-Front Interest Rebate and End of Subsidized Loan Eligibility for Graduate or Professional Students (posted 4-5-12)

NSLDS Enrollment Reporting Process  (posted 3-30-12)

Webinar Handout: Direct Loan & COD Updates for 2012-13  (posted 3-15-12) 

Updated Guidance on Making Direct Loan Refunds of Cash  (posted 3-13-12) 

Dear Colleague Letter 12-04:  Change in Interest Rates for Subsidized Direct Loans for Undergraduates Effective 7/1/2012; Continued Availability of the $2,000 Additional Direct Unsubsidized Loan for Undergraduates; and Changes Resulting from the Budget Control Act of 2011 (posted 2-22-12) 

Department of Education Announces the Start Up of the Special Loan Consolidation Process  

Department Issues Guidance on the President's New Consolidation Opportunity (10-26-11)

COD Common Record XML Schema Version 3.0e Now Available 

Special Direct Consolidation Loan Information -- Sort-Term Consolidation Opportunity Offered from January-June 30, 2012 

Forthcoming COD System Update to Accept Single Disbursement Loans Based on Cohort Default Rate

Direct Loan Provisions of the Budget Control Act of 2011

Revised Master Promissory Note for Direct PLUS Loans

FSA Announces Direct Loan and FFEL Interest Rates Effective July 1, 2011

FSA Announces Federal Loan School Support Teams

FSA Announces Default Prevention Resource Information Web Page

Additional COD System Implementation for 2011-2012 Award Year scheduled for July 8 & 9, 2011

FSA Announces the Availability of Direct Loan (DL) Tools for Windows, Release 11.0

FSA Issues Reminders for COD Peak Processing Periods

Direct Loan Program Funding Overview; Electronic Announcement dated June 10, 2011

FSA to retire the Direct Loan Entrance counseling, Direct Loan Exit counseling, and TEACH Grant Exit counseling modules from the Direct Loan Servicing Online Website

Record Submission Due Date for 2009-2010 Direct Loan Program Year Closeout

Guidance on Participation in the William D. Ford Federal Direct Loan (Direct Loan) Program; [Dear Colleague Letter 11-07 dated March 22, 2011]

Direct Loan Closeout Information for 2009-2010 Program Year, February 7, 2010

Direct Loan Processing Information - Making Disbursement Adjustments and Reducing Direct Loan Awards to Zero

Department of Education Provides Preliminary Information about COD Implementation for 2011-2012 Award Year

New NSLDS Delinquent Borrower Report (DELQ01) and Web Page for Schools

Visit http://www.direct.ed.gov/participating.html for complete set up instructions from the Department of Education.