Bulletin ID
DLB - 96 - 16
| PublicationDate: 9/1/96 BulletinID: DLB - 96 - 16 September 1996 DLB-96-16 URGENT - IMPORTANT TRAINING SUMMARY: This bulletin announces a series of workshops for Direct Loan schools on Direct Loan Cash Management and Data Matching (Reconciliation). Dear Colleague: As a participant in the William D. Ford Federal Direct Loan Program (Direct Loans), you are invited to attend our 1996 training on cash management and data matching processes and procedures for Direct Loans. This training will cover essential concepts that are vital to your institution's success in administering the Direct Loan Program. Training Objectives These two-day training sessions are designed to help you better understand the Direct Loan "reconciliation" process and assist you in completing the necessary data match. Additionally, this training will address cash management guidelines and other related issues. The training sessions will be structured as follows: Day 1 9:00 am - 12:00 noon Review of the Direct Loan process: Loan Origination Records, Promissory Notes and Disbursement Records 1:00 pm - 5:00 pm Data Matching and Cash Management Day 2 9:00 am - 12:00 noon Data Matching and Cash Management (continued) 1:00 pm - 3:00 pm Problem Resolution/Round Table Discussion This training is for all Direct Loan schools, whether you use EDExpress on a PC or in combination with a mainframe system, use a mainframe exclusively, or use other software. You should bring your issues and problems with you so that they can be addressed during the course of the training. Who Should Attend All staff who are directly involved in the data matching and cash management (reconciliation) processes should attend, including: - Financial Aid staff - Business/Fiscal/Accounting Office staff - System/Computer staff Schools that use third-party servicers should also encourage the servicer's Direct Loan representative(s) to attend. Registration Information Registration information is 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 form. The registration form should be FAXed to the contact listed for the training session you wish to attend. Please FAX the form at least two weeks prior to the workshop to ensure timely confirmation of space availability. Do not make travel plans before receiving written confirmation, as the Department of Education cannot be responsible for any expense you may incur for advance ticket purchases. These training sessions are free. However, participants are responsible for their own transportation, meals, and overnight accommodations. If you need additional information on the training, please call the contact listed on the enclosed schedule at the location you wish to attend. We look forward to seeing you at one of the upcoming training sessions. Sincerely, Diane M. Voigt Chair, Direct Loan Task Force Enclosures |