Summary: This letter is a Year 2000 disclosure notice* on the Direct Loan Module of the 1999 - 2000 EDExpress V5.1 (EDExpress) software package.
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This letter is a Year 2000 disclosure notice* on the Direct Loan Module of the 1999 - 2000 EDExpress V5.1 (EDExpress) software package.
The U.S. Department of Education (ED) and National Computer Systems, the software development contractor for EDExpress, are pleased to inform you that the March 1999 release of the EDExpress Direct Loan, which ED issues to institutions participating in the William D. Ford Federal Direct Loan Program, is Year 2000 compliant. The Product will function accurately related to the processing of date data (including but not limited to, calculating, comparing and sequencing of dates) from, into, and between the twentieth and twenty-first centuries, including leap-year calculations, when used in accordance with documentation provided with the Product release, and when all third-party products used in combination with the Product properly exchange date data with it. Additional information on ED's Year 2000 activities can be found on its web page at www.ed.gov.
EDExpress - Direct Loans Year 2000 compliance was obtained through assessment, renovation, and testing, as well as the assessment, renovation, and testing of the Direct Loan Origination system. Year 2000 compliant Pentium personal computers (PCs), the Title IV Wide Area Network (TIVWAN), and a Hewlett Packard T600 server were used to test the following EDExpress - Direct Loan Module functions:
Creating and Transmitting Full Origination Records
Creating and Transmitting Change Records
Creating and Transmitting Promissory Notes and Electronic Manifests
Creating and Transmitting Disbursement Records
Executing the Reconciliation Process (Direct Loan Student Account Statement)
The functions listed above were performed with the system dates on PCs set to 12/31/1999, 01/01/2000, and 02/29/2000.
Institutions use the Direct Loan Module of EDExpress to establish loan origination records, print promissory notes, manage disbursement data, and reconcile funds.
Director, Program Systems Service
Office of Student Financial Assistance Program
U S Department of Education
Vice President and General Manager
National Computer Systems
Government Services Division
Disclaimer: This statement does not constitute a warranty and is provided merely to facilitate users in planning for their transition to year 2000. This compliance means this software will not produce errors processing dates in connection with the century change to year 2000 when used with accurate data in accordance with its documentation, provided all other products (e.g., other software, firmware, and hardware) used with it properly exchange date data compliantly. The U.S. Department of Education and National Computer Systems assume no liability or responsibility for the use or the consequences of the use of this product.
*Statements made to you in the course of this letter are subject to the Year 2000 Information and Readiness Disclosure Act (P.L. 105-271). In the case of a dispute, this Act may reduce your legal rights regarding the use of any such statements, unless otherwise specified.