June 9, 2003

The Department of Education has recently released a "Dear Colleague Letter" related to the Perkins Loan Service Cancellation Reimbursement. There are several questions and answers pertaining to how your school will receive these funds, how the Department of Education calculated the amount your school will receive, and where to report these on the FISAP.

If you want this reimbursement included on the FISAP that ECSI supplies through SAL, you will need to input this amount as a Journal Entry. You should input it into the category 'EJ' or 'Reimbursements to Fund' from the General Ledger Screen. You can also e-mail the adjustment to admin@ecsi.net to have ECSI input it for you. Be sure to include the dollar amount and a description stating that the dollar amount is for the Perkins Loan Service Cancellation Reimbursement.

The full text of the letter can be found at: http://www.ifap.ed.gov/dpcletters/CB0308.html.