Bulletin ID
DLB - 95 - 14
| PublicationDate: 9/1/95 BulletinID: DLB - 95 - 14 September 1995 DLB - 14 SUMMARY: October Direct Loan Reconciliation Training Schedule Dear Colleague: As a 1995-96 participant in the William D. Ford Federal Direct Loan Program (Direct Loans), you are invited to attend our October 1995 training on managing data necessary for completing monthly Direct Loan reconciliation. Training Objectives The one-day training session is designed to help you better understand the Direct Loan reconciliation process and the Department of Education's software (or software requirements if you develop your own systems) that will help you complete the required monthly data match (recording and transmitting origination records, promissory notes, and disbursements with the Direct Loan Servicing Center). Upon completion of this training, you will be able to -understand the role of reconciliation in Direct Loan processing -understand basic reconciliation concepts and terms -understand the relationship between reconciliation and meeting Direct Loan Program and cash management requirements Special Sessions for Schools that Develop Their Own Software/Systems The training sessions marked "TECHNICAL" on the schedule are for schools that choose to develop their own Direct Loan data system on a mainframe, PC, or other type of system. The information in these sessions will also be pertinent to those who use EDExpress in combination with another system. Who Should Attend this Training School and/or third-party servicer staff who have "hands on" familiarity with Direct Loan processing at your school should attend. This staff should know how to create loan records, originate loan records, print promissory notes, batch records to the Direct Loan Servicing Center, and import acknowledgments. Registration and Training Site Information Registration and training site information are enclosed. Each participant from your school must register in advance for the training; we are unable to accommodate walk-ins. Please feel free to duplicate the enclosed registration information for your colleagues. REGISTRATION INFORMATION SHOULD BE FAXED TO KAREN EPPS AT (202) 260-5178 AT LEAST TWO WEEKS BEFORE THE SESSION YOU PLAN TO ATTEND. Please be sure to indicate a first, second, and third choice session. We will always try to accommodate your first choice; however, you should not make travel plans before receiving a WRITTEN confirmation notice from us, as the Department of Education cannot be responsible for any expenses you may incur for advance ticket purchases. There is no training charge to participants. However, training participants are responsible for their own transportation, meals, and overnight accommodations. If you need additional information on the upcoming training sessions, please call the appropriate Direct Loan Account Management Training Specialist, listed below, for the location where you are scheduled for training. Atlanta, GA Lexi Byers (404) 730-2012 San Francisco, CA Pat Walker (415) 556-4747 Washington, DC Karen Epps (202) 205-3470 We look forward to seeing you at one of the upcoming training sessions. Sincerely, Diane Voigt, Chair Direct Loan Task Force Enclosures |