Quoted In: Colleges Report Smooth Transitions to Direct Lending So Far (Chronicle of Higher Education)

“The next few months may be busier than usual for financial-aid offices at the colleges that are still in the process of switching to the direct-loan program, which they must do by July 1," the Chronicle of Higher Education reports. "But, despite the earlier concerns of some small colleges and others that the change to a new federal-loan system would be technically difficult, confusing, and costly, financial-aid administrators and experts report that the process appears to be moving smoothly so far. ‘We have not heard any schools say they would not meet the July 1, 2010, deadline,’ said Justin Draeger, vice president for public policy at the National Association of Student Financial Aid Administrators. ‘That doesn’t mean they’re not concerned, and it doesn’t mean they’re not working furiously to get this done.’"

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