ATOM

ATOM, an enhanced student loan disbursement system, is a profile-driven system that offers institution and lender clients increased functionality and optimal disbursement flexibility. Some of the benefits offered by ATOM include:

• Advanced lender invoicing which allows for disbursement processing the day prior to disbursement.
• Schools can elect to receive disbursements by the day of the week, regardless of disbursement date.
• Schools and lenders can receive rosters, invoices, and other custom reports via the guarantor servicing system web client.
• Changes made in the guarantor servicing system are immediately reflected in ATOM.
• Quarterly updates ensure timely compliance with CommonLine and other FFEL Program industry initiatives and more frequent implementation of system enhancements.

In ATOM, promissory notes are routed to the lender and the lender is required to verify receipt of the promissory note prior to disbursement. Institutions can submit loans for guarantee and disbursement using the same methods they used for ATOM.

If you have questions regarding ATOM, please contact ATOM staff at HE.ATOM@dhe.mo.gov.

Schools wishing to temporarily suspend ATOM transmissions during the holiday break may submit requests by completing and faxing the ATOM School Break Form to 573-526-7730 or e-mailing it to HE.ATOM@dhe.mo.gov at least two (2) business days prior to the implementation of your school break.