When does the second phase of the up-front interest rebate program begin?
The second phase of the up-front interest rebate program will apply to loans made for the 2001-2002 program year and continues for program years beyond. 21. Will my school or our third-party software provider need to modify any processes or software related to 2001-2002 program year loans to ensure that our borrowers get this benefit? Yes. The second phase of the up-front interest rebate program will require modifications to your software. We will work with you and your third-party software providers as we develop the operational details of the 2001-2002 process. We are committed to getting the software and specifications out to you and your partners as quickly as possible. Additionally, we will describe the required modifications at our Electronic Access Conferences this Fall. For more information about the conferences, check the website at http://edeworkshop.walcoff.com. 22. How will a borrower receive the up-front interest rebate on a 2001-2002 program year loan? The borrower will r
