Bulletin ID
DLB - 98 - 8
| PublicationDate: 3/1/98 BulletinID: DLB - 98 - 8 March 1998 DLB-98-08 SUBJECT: Initial Direct Loan School Account Statement Dear Colleague: Direct Loan Bulletin 97-49 notified schools of the new reconciliation process for the 1998-99 academic year, which involves the Loan Origination Center (LOC) sending each school in the Direct Loan Program a monthly electronic file called the Direct Loan School Account Statement (DLSAS). For academic years 1998-99 and subsequent, this file will be generated for each school at the end of every calendar month and schools will not submit a reconciliation file to the LOC. However, schools are required to reconcile the DLSAS to their internal records. This file will not be generated for years prior to 1998-99. The Loan Origination Center began processing 1998-99 loan records on schedule on February 17, 1998. The LOC will send the first DLSAS for the month of February, 1998, to all schools during the first two weeks of March. As a reminder, the message class for the DLSAS is DSAS99OP and the batch type is AS. Schools must import the Direct Loan School Account Statement each month and reconcile the statement to their internal records. If you have any questions concerning the DLSAS for the 1998-99 academic year, please call your LOC Customer Service Representative at 800/848-0978. Thank you for your ongoing support of the Direct Loan Program. Sincerely, Joe L. McCormick Chair Direct Loan Task Force |