Skip to content

News You Can Use: FSA Webinars on 150 Percent Limit For Direct Subsidized Loans

May 28, 2013

In two Dear Colleague Letters released May 22, 2013, FSA released registration information for two different webinars regarding the 150 percent limit for Direct Subsidized Loans.

The first webinar is COD Reporting of Academic Year and Loan Period.  On June 4 and June 6, 2013, from 1:00 P.M. to 2:30 P.M. (ET) FSA will present the first in a series of webinars on the requirements related to the implementation of the 150 percent time limit for a student to receive Direct Subsidized Loans. This first webinar will provide important information on the reporting and updating of academic year and loan period dates to the Common Origination and Disbursement (COD) System.

The webinar will be presented in a single 90 minute session offered at 1:00 P.M. (ET) on Tuesday, June 4 and again at 1:00 P.M. on Thursday, June 6, 2013. A Q&A period will follow the presentation. Trainees should register for just one of the sessions as the presentation will be the same on both days.

Click here to register for this webinar.

The second webinar is on the 150% Direct Subsidized Loan Time Limit.  On June 11, 12, and 13, 2013 at 1:00 P.M. (ET) FSA will present the second in a series of webinars on the regulatory requirements related to the implementation of the 150 percent time limit for a student to receive Direct Subsidized Loans. This webinar will explain key concepts related to implementation of the 150 percent Direct Subsidized Loan limit provisions and will provide an overview of new Common Origination and Disbursement (COD) System and National Student Loan Data System (NSLDS) reporting requirements that are critical to implementation of the new provisions.

This webinar will be presented in a single 90 minute session offered at 1:00 P.M. (ET) on Tuesday, June 11, Wednesday, June 12, and again on Thursday, June 13, 2013. A Q&A period will follow the presentation. Trainees should register for just one of the sessions as the presentation will be the same on each of the three days.

Click here to register for this webinar.

On July 6, 2012, the Moving Ahead for Progress in the 21st Century Act (MAP-21) (Public Law 112-141) was enacted. MAP-21 added a new provision to the Direct Loan statutory requirements (see HEA section 455(q)) that limits a first-time borrower’s eligibility for Direct Subsidized Loans to a period not to exceed 150 percent of the length of the borrower’s educational program. Under certain conditions, the provision also causes first-time borrowers who have exceeded the 150 percent limit to lose the interest subsidy on their Direct Subsidized Loans. Only first-time borrowers on or after July 1, 2013 are subject to the new provision. On May 16, 2013, we published interim final regulations in the Federal Register implementing this provision of MAP-21 (See 78 FR 28953).

Note: While interim final regulations have immediate legal effect, the public is invited to submit comments on the interim final regulations until July 1, 2013, according to the instructions provided in the May 16, 2013 Federal Register. The webinar will not be a forum for submitting comments on the regulations.

Advance registration is required for this training and will be available on a first-come, first-served basis. To allow for as many participants as possible, we strongly encourage groups to view the webinar from a single location if accommodations allow. If viewing as a group, only one person from the group needs to register.

Once registered, FSA will send an e-mail confirmation to the trainee. The trainee should retain this confirmation, as it contains important information, including linking and log in information for the Web site, system test links, and cancellation information. If unable to attend, they request that the trainee cancel his or her registration so that individuals who wish to attend may do so.

PowerPoint slides will be available for each trainee to download after he or she signs in to the webinar. During the webinar, trainees will be able to ask questions electronically using their computers.

If you have questions about this training opportunity, please contact Greg Martin at gregory.martin@ed.gov.

Pam King, Midwest Regional Director, Nelnet Partner Solutions

Pam King, Midwest Regional Director, Nelnet Partner Solutions

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: