[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-279767-105":3,"detail-sidebar-cat-1-en-105":85,"doc-detail-279767-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":78,"head_meta":80,"extra_data":82,"updated_unix":84},105,"en","sal-monthly-report-summary-job-aid","SAL Monthly Report Summary - Job Aid","","SAL Monthly Report Summary provides a job aid that explains how to use a set of monthly reports for managing loan borrower accounts and related accounting records. It covers paid-in-full identification, cross-checking for other loans before sending letters, low-balance handling for small balance write-offs, cohort due diligence, collector code placement and zero-balance cleanup, and processes for bad/foreign/military address skip tracing and rescheduled-payment monitoring. 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If a borrower has a loan with a credit and one with a blanace, the school can decide if they want to move monies from the loan with the credit to the loan with a balance. |\n| 7A – Low Balance | This report provides a detailed listing of all borrowers who have a principal loan balance of $50.00 or less. | Clients should use this report to remove collector codes so the system can process a small balance write-off. (If ECSI does this for you, the system will automatically process the write off once the collector code is removed. If ECSI does not do this for you, you will need to remove the collector code before you can manually process a small balance write off. ) |\n| 8A – Cohort Borrowers | This report provides a detailed listing of all Perkins loan borrowers who are part of this year’s or next year’s cohort population. | Clients should review this report to follow due diligence. |\n| 9B – Collector Codes | This report provides a detailed listing of all borrowers whose accounts have been assigned to a collection agency. | Schools that do not use ECSI for auto agency placement need to review this report to determine if they are going to manually place the account with a collection agency. |\n| 10B – Bad/Foreign Address | This report provides a detailed listing of all bad, foreign, and military addresses. | If your school odes not use ECSI for skip tracing, you should review this report each month to manually skip trace all borrowers identified as having a bad address. |\n| 11D – Rescheduled Report | This report provides a detailed listing of all borrowers who are currently under a temporary payment arrnagement. | Clients should revie wthis report each month to make sure borrowers on a reschedule agreement are paying on time. If a borrower is on a reschedule and not paying as agreed, the stystem will stop thisese accounts from being auto-placed with an agency. |\n| 11G – Agency Accts with Zero Balance | This report provides a detailed listing of all borrowers who have been assigned to a collection agency and currently have a zero balance (or credit balance) on their account. | ECSI does not remove collector codes from accounts with zero balance. The client should review this report and remove collector codes on the accounts listed. |\n| 12 – Monthly Transactions\u003Cbr>13 – Trial Balance | The General Ledger Report is sorted by fund and lists all deposits, adjustments, advances, cancellations, transfers, NSFs, and journal entries.\u003Cbr>This report lists current, fiscal, non-fiscal, and todate accounting figures. | A client can use these reports together or separately to compare them to the general\u003Cbr>ledger on the school’s system. The details of Report 12 are used to match escrow deposits. |","cbCaiksR9MFn0Y3n","https://ap.wps.com/l/cbCaiksR9MFn0Y3n","pdf",226442,"English","# Report 5 - Paid in Full this Month\n# Report 5A - Paid in Full Borrowers this month (all loans)\n# Report 7A - Low Balance\n# Report 8A - Cohort Borrowers\n# Report 9B - Collector Codes\n# Report 10B - Bad/Foreign Address\n# Report 11D - Rescheduled Report\n# Report 11G - Agency Accts with Zero Balance\n# Report 12 - Monthly Transactions\n# Report 13 - Trial Balance","[{\"question\":\"How should clients use Report 5 (Paid in Full this Month)?\",\"answer\":\"Use Report 5 to identify borrowers who have paid all their loan(s) in full during the month, so they can be sent a paid-in-full letter.\"},{\"question\":\"What is the purpose of Report 5A before sending paid-in-full letters?\",\"answer\":\"Report 5A helps confirm whether a borrower has other loans with outstanding balances, so decisions can be made about transferring funds between loans with credit and balance statuses.\"},{\"question\":\"When should clients use Report 7A (Low Balance) and what action is expected?\",\"answer\":\"Use Report 7A to find borrowers with a principal balance of $50.00 or less, then remove collector codes so the system can process a small balance write-off (manually if needed).\"},{\"question\":\"How do Reports 12 and 13 relate to the general ledger?\",\"answer\":\"Reports 12 (Monthly Transactions) and 13 (Trial Balance) provide accounting figures that can be compared with the school’s system general ledger; Report 12 details are used to match escrow deposits.\"}]","SAL Monthly Report Summary - Job Aid | PDF",1789526974]