[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR685.101]



[Page 814]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY 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 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.)