William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition)

William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary amends the William D. Ford Federal Direct Loan Program (Direct Loan Program) regulations to reflect changes made to the program by the Moving Ahead for Progress in the 21st Century Act (MAP-21), Public Law 112-141. Specifically, these interim final regulations reflect the provisions in MAP-21 that amended the Higher Education Act of 1965, as amended (HEA) to extend the 3.4 percent interest rate on Direct Subsidized Loans from July 1, 2012, to July 1, 2013, and to ensure that a borrower may not receive Direct Subsidized Loans for more than 150 percent of the published length of the educational program in which the borrower is enrolled. Under the changes made by MAP-21, if the borrower exceeds this Direct Subsidized Loan limit, the borrower also becomes responsible for the accruing interest on the Direct Subsidized Loans. This book contains: - The complete text of the William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section