Annual	Student	Loan	Acknowledgement	allows	student	and	parent	borrowers	to	view	how	much	they	currently	owe	in
federal	student	loans	and	acknowledge	that	they	have	seen	this	amount.	Although	it	is	not	required,	the	Department
continues	to	encourage	borrowers	to	complete	an	Annual	Student	Loan	Acknowledgement	each	year	they	accept	a	new
Direct	Loan	to	help	them	understand	their	loans	and	how	those	loans	will	affect	their	financial	future.
Schools	will	receive	information	through	the	COD	System	about	a	borrower9s	optional	completion	of	the	Annual	Student
Loan	Acknowledgment	process.	However,	the	COD	System	will	not	reject	disbursement	records	submitted	for	a	borrower
who	has	not	completed	the	Annual	Student	Loan	Acknowledgment.
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