Continued Conversations on 150% Direct Loan Legislation

The U.S. Education Department, in co-sponsorship with AACRAO and the National Association of Student Financial Aid Administrators (NASFAA), recently held a set of webinars on the requirements related to the implementation of the 150% time limit for a student to receive Direct Subsidized Loans.

Providing more detailed information on the new requirements and enhancements to the National Student Loan Data System (NSLDS) enrollment reporting process, the webinars addressed some issues but also raised additional questions and concerns regarding compliance. AACRAO compiled a list of key topics and continues to engage in conversations with the department.

On Tuesday, representatives from AACRAO met with department officials to discuss issues raised by our members, particularly surrounding multiple majors and, multiple degrees (at the undergraduate and at differing academic levels). The conversation led to a number of seemingly workable solutions for the Education Department as well as registrars and other campus professionals. Agency officials signaled that additional guidance is forthcoming. AACRAO will alert the membership when that information is available.

 

Related Links

Archived Webinars

150% Direct Subsidized Loan Limit Webinar #4: General Overview of Program-Level Enrollment Reporting

150% Direct Subsidized Loan Limit Webinar #5: Critical Details to Proper Program-Level Enrollment Reporting