Bulletin ID
DLB - 97 - 47
| PublicationDate: 12/1/97 BulletinID: DLB - 97 - 47 December 1997 DLB-97-47 SUBJECT: Disbursement Peak Season Dear Colleague: The Loan Origination Center (LOC) is preparing for the next round of disbursement records that is scheduled from 12/20/97 through the end of January 1998. The LOC has been processing disbursement batches in a 24 hour turnaround time for all institutions. New software enhancements will be ready this month to support what is now called the disbursement peak season. The LOC will be doing everything possible to keep the turnaround time at 24 hours. However, if the volumes of records are excessive, it may be necessary to spread the processing over several nights. The LOC will process the batches in order of the date they are received and plans to stay within the three day contractual turnaround time. If, for any reason this is not the case, your CSR will be in contact with you. The Department of Education and the LOC wish you a wonderful holiday season, and we look forward to successful loan processing in 1998. Sincerely, Joe L. McCormick Chair Direct Loan Task Force |