2019-20 Direct Loan Data Submission (Closeout) Deadline

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The Direct Loan Data Submission (Closeout) Deadline is the last business day in July of the year following the end of the award year. All school data must be received and accepted by this date to be included in a school’s final Ending Cash Balance for the year. If a school is meeting the cash management, disbursement reporting, and monthly reconciliation regulatory requirements, a school should be able to reconcile to a zero Ending Cash Balance and close out soon after its final disbursements and should not wait until the closeout deadline. Note: In COD, this is also known as the Latest Date to Accept a Common Record.