ERIC Number: ED413830
Record Type: Non-Journal
Publication Date: 1997-Oct
Reference Count: N/A
Cash Management/Data Matching. Training Guide.
Office of Student Financial Assistance (ED), Washington, DC.
This training guide for financial aid staff explains the process of direct loan reconciliation and suggests appropriate cash management accounting practices. Chapter 1 explains the importance of cash management, the role of data matching, and reviews basic reconciliation concepts and terms and direct loan reporting requirements. Chapter 2 reviews the loan process, including loan origination, promissory notes, and disbursements. Chapter 3 explains the Department of Education expectations regarding proper administration and management of direct loan funds, and provides examples of good financial management practices. Chapter 4 explains the data matching process for loan detail, cash detail, and cash summary records and also provides guidance on managing the process. Chapter 5 provides examples of typical problems encountered during the reconciliation process and suggests how they may be resolved. Chapter 6 provides tips on reading and manipulating data in the on-line EDExpress system to determine a school's data matching and cash resolution needs. There are eight appendixes. They include: ten Direct Loan Bulletin issues; status flags and reject codes; examples of various types of reports; several types of data entries; examples of acknowledgments; a reconciliation checklist; a batch ID list; and a transmission log. (JLS)
Descriptors: Accounting, Data Collection, Data Conversion, Delivery Systems, Educational Finance, Federal Aid, Federal Programs, Financial Audits, Higher Education, Information Storage, Loan Repayment, Money Management, Program Improvement, Quality Control, Recordkeeping, Records Management, School Role, Student Financial Aid, Student Loan Programs
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: Office of Student Financial Assistance (ED), Washington, DC.
Identifiers - Laws, Policies, & Programs: Federal Direct Student Loan Program