Federal Student Aid Handbook, 2006-2007. Volume 4

Download or read book Federal Student Aid Handbook, 2006-2007. Volume 4 written by Office of Federal Student Aid (ED), Washington, DC. and published by . This book was released on 2006 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this publication is to provide participating schools with guidance on how to request, disburse, manage, and report on the use of Federal Student Aid funds. A summary of the changes and clarifications is presented in greater detail in the chapters that are contained in this volume: Chapter 1, The MPN (Master Promissory Note) and the Stafford/Plus Loan Process, covers the process of making a loan, and describing the actions and information required of the student, parent, and school; Chapter 2, Disbursing Federal Student Aid Funds, provides the rules that apply to Pell Grants, FSEOG (Federal Supplemental Educational Opportunity Grant), Perkins Loan, Direct Loan, and FFEL (Federal Family Educational Loan); and Chapter 3, Requesting and Managing Federal Student Aid Funds, discusses the cash management regulations, and establishes rules and procedures that a school must follow in requesting and managing funds for the Pell Grant, FSEOG, Perkins Loan, FWS (Federal Work-Study), Direct Loan, and FFEL programs.