Direct Loan - Modifying a Loan

Prerequisites

· DL Setup Required
· Manually Originating Loans
· Creating Loans from Import
· Origination and the Common Record
· Disbursement and the Common Record

Introduction

Occasionally, a student's circumstances change, requiring you to modify a loan record in EDExpress. Among other things, students may have a change in grade level or Expected Family Contribution (EFC).

Scenario

After finishing two courses during the summer term, one of your students has changed college grade levels. Because of this change, the student is eligible for additional loan funds. Using EDExpress, update the student's grade level and loan amount. When you have finished, view the Change History and disbursement information for this student.

Tasks

To understand how to modify a student record, you will:

· Modify a Single Loan Record
· View the Change History and Disbursement Information

Continue to the first task

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