[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR685.101]

[Page 828-829]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 685--WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM--Table of Contents
 
                      Subpart A--Purpose and Scope
 
Sec. 685.101  Participation in the Direct Loan Program.

    (a)(1) Colleges, universities, graduate and professional schools, 
vocational schools, and proprietary schools selected by the Secretary 
may participate in the Direct Loan Program. Participation in the Direct 
Loan Program enables an eligible student or parent to obtain a loan to 
pay for the student's cost of attendance at the school.
    (2) The Secretary may permit a school to participate in both the 
Federal Family Education Loan (FFEL) Program, as defined in 34 CFR part 
600, and the Direct Loan Program. A school

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permitted to participate in both the FFEL Program and the Direct Loan 
Program may certify loan applications under the FFEL Program according 
to the terms of its agreement with the Secretary.
    (b) An eligible student who is enrolled at a school participating in 
the Direct Loan Program may borrow under the Federal Direct Stafford/
Ford Loan and Federal Direct Unsubsidized Stafford/Ford Loan Programs. 
An eligible parent of an eligible dependent student enrolled at a school 
participating in the Direct Loan Program may borrow under the Federal 
Direct PLUS Program.

(Authority: 20 U.S.C. 1087a et seq.)