The data submission (closeout) deadline to submit records for the William D. Ford Direct Loan (Direct Loan) Program is 8 p.m. Eastern time (ET) on Friday, July 31, 2026. The Common Origination and Disbursement (COD) System must accept all records submitted by the closeout deadline to be included in the school's final ending cash balance for 2024–25. Any 2024–25 batches or records received after the closeout deadline will be rejected and returned to the school.
Note: Though the closeout deadline is July 31, 2026, cash management, disbursement and adjustment reporting, and monthly reconciliation requirements supersede the closeout deadline. A school should be able to reconcile to a $0 balance and close out within a month or two of its final 2024–25 actual disbursements.
As a reminder, to be considered successfully closed out, the school must:
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reconcile to an ending cash balance of $0 and total net unbooked disbursements of $0, as reflected on the monthly School Account Statement and in the school’s internal records; and
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complete the School Balance Confirmation form on the COD website.
More information about closeout procedures is in the COD FAQs on the COD website; Volume 4, Chapter 6 of the Federal Student Aid Handbook; and the Electronic Announcements published March 18, 2026, and May 20, 2026.
We appreciate your cooperation as we work to close out the 2024–25 Direct Loan Program Year. If you have questions about this announcement or need assistance with closeout, contact the FSA Partner and School Relations Center at 1-800-848-0978. The contact center is open from 10 a.m. to 6 p.m. ET, Monday through Friday. You may also email CODSupport@ed.gov.