Bulletin ID
DLB - 97 - 18
| PublicationDate: 5/1/97 BulletinID: DLB - 97 - 18 May 1997 DLB-97-18 SUMMARY: Rescheduling of Multiple Servicer Start-Up for the Direct Loan Program Dear Colleague: The Department of Education has rescheduled implementation of Multiple Loan Servicers.until later this summer. The original implementation date was July 8. Please note that schools and borrowers should experience no impact from this change as the current loan servicer, Computer Data Systems, Inc./Academic Financial Services Association Data Corp. (CDSI/AFSA) has sufficient capacity to service loans during this period. Our decision to reschedule implementation was made only after we had determined that additional testing was necessary to insure successful start-up, and rescheduling would not inconvenience our customers. The Department has added another phase to the already extensive test schedule to include end-to-end testing, from Loan Origination, through the Central Database, to Loan Servicing. This additional testing will also test all interfaces, including the National Student Loan Data System and EDExpress. This more extensive test protocol will benefit you as it will enhance the quality of services we provide when the system is implemented later in the summer. Again, please be assured that this schedule change will have no affect on either current or new borrowers or on institutions. The current Loan Servicer, CDSI/AFSA, will continue to receive additional loans and borrowers until the Multiple Loan Servicers achieve start-up. We will be in contact with you again in early summer to provide you with additional information about the multiple loan servicers. As always, we appreciate your cooperation and assistance. Sincerely, Joe L. McCormick, Chair Jerry Rusamano, Director Direct Loan Task Force Program Systems Service |