31 Mar Resources for New PLUS Loan Regulations

Compiled by Stacey Musulin, CT Community Colleges

Changes to the Federal Direct PLUS Loan Program for both parent and graduate student borrowers went into effect March 29, 2014. The following links offer specific information and regulatory guidance about the modifications:

• Direct PLUS Loans – Final Regulations – October 23, 2014

• http://ifap.ed.gov/fregisters/FR102314.html

• Early Implementation of PLUS Loan Adverse Credit Regulation – January 14, 2015

• http://ifap.ed.gov/fregisters/FR011415.html

• Electronic Announcement – Early Implementation of Changes in regulations on Adverse Credit History Under the Direct PLUS Loan Program – January 27, 2015

• http://www.ifap.ed.gov/eannouncements/012715EarlyImplemofChangesinRegsAdvCreditHistoryUnderDirectPLUSLoanPrgm.html

• Electronic Announcement – Direct PLUS Loan Changes – Operational Impacts to Schools and Preliminary COD System Info – February 3, 2015

• http://www.ifap.ed.gov/eannouncements/020315DirectPLUSLoanChangesOperationalImpactstoSchoolsandPreliminaryCODSysInfo.html

• 2015-2016 COD Technical Reference – February 4, 2015

• http://ifap.ed.gov/codtechref/1516CODTechRef.html

• Electronic Announcement – Direct PLUS Loan Changes – COD System Changes for PLUS Counseling to be Implemented March 27-29, 2015 – February 27, 2015

• http://www.ifap.ed.gov/eannouncements/022715DirectPLUSLoanCounseling.html

• Electronic Announcement – Direct PLUS Loan Changes – System Changes for the Determination of Adverse Credit History and the Duration of a Credit Check (from 90 Days to 180 Days) to be Implemented March 27-29, 2015 – February 27, 2015

• http://www.ifap.ed.gov/eannouncements/022715DirectPLUSLoanAdverseCreditHistoryCriteriafrom90to180daysImplementMar2729.html

• ED Webinar Recording – Implementation of regulatory Changes to the Adverse Credit History Provisions of the Direct PLUS Loan Program – March 12, 2015

• http://www.ifap.ed.gov/ifap/ifapMedia.jsp#PLUSLoanAdverseCredHistRegulatImplementWebinar0312

• Electronic Announcement – COD System Implementation for 2015-2016 Award Year- March 20, 2015

• http://www.ifap.ed.gov/eannouncements/032015CODSystemProcessingFunctionEnhancementsandModificationsfor20152016.html