[Federal Register Volume 59, Number 170 (Friday, September 2, 1994)]
[Notices]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21706]


[[Page Unknown]]

[Federal Register: September 2, 1994]


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DEPARTMENT OF EDUCATION
 

Federal Direct Student Loan Program; Extension of Closing Date

AGENCY: Department of Education.

ACTION: Extension of application closing date.

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SUMMARY: On February 17, 1994, the Department of Education published an 
application notice in the Federal Register inviting applications for 
schools to participate in the second year of the Federal Direct Student 
Loan (Direct Loan) Program, which is the academic year beginning July 
1, 1995. The notice pertained to the Federal Direct Stafford Loan 
Program, the Federal Direct Unsubsidized Stafford Loan Program, and the 
Federal Direct PLUS Program, collectively referred to as the Direct 
Loan Program.
    The rolling application and selection process for this program was 
described in the February 17 notice, which specified October 1, 1994 as 
the final deadline for application.
    Many schools have indicated that they would like to apply for 
participation in the Direct Loan Program but are reluctant to do so 
until they have had the opportunity to evaluate the program in 
progress. While the first year of the Direct Loan Program began July 1, 
1994, the academic year for many of the first-year schools does not 
begin until September. Therefore, some procedures, such as funds 
disbursement and reconciliation, will occur at these schools for the 
first time in September or October of 1994.
    The Department wants to ensure that schools have adequate time to 
evaluate the day-to-day administration of the Direct Loan Program and 
to observe the benefits of the program for students and schools prior 
to applying to participate. Therefore, the deadline to submit 
applications for the second year of the program is extended to November 
1, 1994.

FOR FURTHER INFORMATION CONTACT:
Barbara Ragon, U.S. Department of Education, 400 Maryland Avenue SW 
(room 4100, ROB-3), Washington, DC 20202-5257. Telephone: (202) 708-
9406. Individuals who use a telecommunications device for the deaf 
(TDD) may call the Federal Information Relay Service (FIRS) at 1-800-
877-8339 between 8 a.m. and 8 p.m., Eastern time, Monday through 
Friday.

    Dated: August 30, 1994.
David A. Longanecker,
Assistant Secretary for the Office of Postsecondary Education.
[FR Doc. 94-21706 Filed 9-1-94; 8:45 am]
BILLING CODE 4000-01-M