Reconciliation and Closeout

If your school participates in the Direct Loan Program, the school is required to reconcile cash (received from G5 system) with disbursements submitted to the Common Origination and Disbursement (COD) System every month. Additionally, the school is required to perform closeout activities at year-end. The closeout must be completed by the program year closeout date, which is the last processing date of July in the year following the award year.