Direct Lending Implemented for 2010-2011 Academic Year

As a result of recently passed legislation, Wingate University will begin using the William D. Ford Direct Lending program effective Fall 2010.

Students and parents will be required to use the Direct Loan program for all federal student and parent loans. The Direct Loan program is funded by the Federal Government, and students and parents will borrow directly from the federal government instead of lending agencies (banks).

All student borrowers (new and returning for the 2010 - 2011 academic year) and all parent borrowers will be required to complete a Master Promissory Note. Please refer to the 2010-2011 Loan Information sheet included in your financial aid award package for specific information on the Direct Loan Program and instructions for completing the new loan process.

The Office of Student Financial Planning is prepared for this change in our federal student loan process, and we look forward to it having a positive impact on the service we provide to our students and parents.