Due to the passage of the Health Care and Education Reconciliation Act of 2010, major changes will be made to the student loan program. Under this Act, all student loans with a disbursement date of July 1, 2010 or later must be processed under what is known as the Federal Direct Loan Program.Previously, Alabama A&M University participated in the Federal Family Education Loan Program (FFELP), which allowed the student, to choose their lender and it encouraged the various lenders to compete for business by offering a wide array of loan repayment options and benefits. With the passage of this Act, students will no longer have that choice. Under the Direct Loan Program, the U. S. Department of Education serves as the lender, rather than a bank or other financial institution. Any questions concerning loans currently under the FFELP program should be directed to the lender(s).