Publication Date: June 25, 2004
Bulletin ID: DLB-04-18
Summary: Record Submission Due Date for 2002-2003 Direct Loan Program Year Closeout
Posted on 06-25-2004
June 2004
DLB-04-18
Subject: Record Submission Due Date for 2002-2003 Direct Loan Program Year Closeout
Dear Partner:
As we previously informed you in DLB-04-15 (http://www.ifap.ed.gov/dlbulletins/DLB0415.html), the closeout deadline for the 2002-2003 Direct Loan Program Year is July 31, 2004. To be considered successfully closed out, your school must have an Ending Cash Balance of $0 and Total Net Unbooked Disbursements of $0, as reflected on your School Account Statement (SAS) Report.
Since July 31st falls on a Saturday when records will not be processed by the Common Origination and Disbursement (COD) System, the date and time by which your school's records must be submitted to the COD System is slightly earlier. To meet the closeout deadline, all records must be submitted to the COD System no later than 8:00 P.M. (ET) on Friday, July 30, 2004. (Note: As always, all submitted records subsequently must be accepted by the COD System in order to be included in your school's final Ending Cash Balance for 2002-2003.)
We appreciate your continued cooperation as we work to close out the 2002-2003 Direct Loan Program Year. If you have questions about this bulletin or need assistance with closeout, please contact the COD School Relations Center at 800/848-0978 or send an email to codsupport@acs-inc.com. Thank you for your ongoing partnership in the Direct Loan Program.
Sincerely,
Jane Holman
Acting Director, Title IV Delivery
School Delivery Channel