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USDE Delays Modified Special Allowance (SAP) Code Reporting for ED Form 799 |
LOUISIANA
STUDENT FINANCIAL ASSISTANCE COMMISSION
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TO: |
Lenders and Schools |
DATE: |
March 3, 2000 |
TOPIC: |
USDE Delays Modified Special Allowance (SAP) Code Reporting for ED Form 799 |
To assure that your Common Manual remains
current, please record this document on your LPM/LPB index, and retain it in
Appendix E of your manual.
The March 2000 quarter activity that is covered by the new codes in LOSFA’s January 5, 2000 LPB (based on USDE’s December 1999 bulletin; i.e., CA, CB, CC, and CD) should be reported as prior quarter adjustments (i.e., special allowance code BI’s). The June 2000 quarter activity will be reported as normal activity (i.e., BC’s).
The Department apologizes for any inconvenience this may cause you and asks that any questions be directed to the Lender Reporting Team at (202)708-9776 or by e-mail to OSFA_LR@ed.gov.