Campus based aid and Direct Loan have monthly reconciliation requirements in addition to year-end close out. However, it is best practice and highly recommended that a school conduct reconciliation on each fund source monthly.
- Direct Loan- monthly reconciliation required - 34 CFR 685.102 (b)
- TEACH – September 30th of the award year - 34 CFR 686.37
- PELL - September 30th of the award year – FSA Handbook Volume 4-106
- Perkins 34 CFR 674.19(d)(1)
- FWS 34 CFR 675.19(b)(2)(iv)
- FSEOG 34 CFR 676.19(b)(2)