Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

() Summary: 2001-2002 Status Letter and Program Year Closeout Zero Balance Confirmation Form

Publication Date: July 2002

Bulletin ID: DLB-02-26


Summary: 2001-2002 Status Letter and Program Year Closeout Zero Balance Confirmation Form


July 2002

DLB-02-26

Subject: 2001-2002 Status Letter and Program Year Closeout Zero Balance Confirmation Form

Dear Partner:

Status letters for the 2001-2002 program year were mailed to schools the week of July 15, 2002. These letters included a Program Year Closeout Zero Balance Confirmation Form and a self-addressed envelope for mailing the forms to the Loan Origination Center (LOC). Schools may use this form and envelope to submit a request to close out the 2001-2002 program year. An additional copy of the form is attached to this bulletin, for your use. If you did not receive your letter, please contact the LOC at the number at the end of this bulletin.

The address for submitting the form to the Department is as follows:

Loan Origination Center
Attn: 2001/02 Closeout/Reconciliation
P.O. Box 5693
Montgomery, AL 36103-5693

You may also choose to fax the form directly to the LOC. The fax should be sent to: 800/557-7396, Attn: 2001/02 Closeout/Reconciliation. We recommend that you follow-up with a phone call, to ensure that your fax has been received.

We encourage all schools to close out the 2001-2002 program year as soon as possible after your final loan period end date, as outlined in your status letter. Keep in mind that regulatory requirements surrounding the reporting of disbursements within 30 days and the management of cash supercede the 2001-2002 program year closeout deadline of December 31, 2002.

If you have any questions about the closeout process or about this bulletin, please contact the LOC at 800/848-0978 or your regional Client Account Manager. Thank you for your ongoing partnership in the Direct Loan Program.

Sincerely,

Jane Holman
Acting Director, Title IV Delivery
Schools Channel