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DLB 00-39

July 2000

Subject: Program Year Close Out (PYCO) Information

Dear Partner:

This bulletin provides you with information on sending program year close out (PYCO) documentation to the Loan Origination Center (LOC). To expedite processing, the Loan Origination Center has created a new mailing address for hard copy documentation. Please use this address only for PYCO specific issues.

Effective immediately, send program year close out documentation to:

Program Year Close Out
P. O. Box 5693
Montgomery, AL 36103-5693

When the LOC receives a package, the Customer Service team will assign a tracking number to the information. If you prefer that the information be given to someone other than your primary CSR, please specify the name of that individual on a note included in the package. Please also indicate the program year for your documentation.

These procedures will assure more efficient processing of the PYCO information.

Thank you for your ongoing partnership in the Direct Loan Program.

Sincerely,


Margaret E. White
Acting Lead, Title IV Delivery
Schools Channel

Posted August 3, 2000, on the NASFAA Web Site www.nasfaa.org




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