Let’s talk transcripts…
…and clear up some confusion about the cycle dates. The cycle date is the date you posted to the master file. Posting cycles run from Friday to Thursday. Friday starts 01, you skip Sat and Sun, going to Monday with 02 and so on and so forth. Thursday is 05. So, a cycle date of 20150402 means you posted on 1/26/2015. You add 4 business days to that and your DDD is 1/30/2015. Please be aware that an 05 could be weekly OR daily.
what's the processing date for??
I got my transcript and the cycle date is 20150402 which according to what I’m reading, is great but next to it under processing date it says Feb 16th… What does the processing date meen? This is the date on the very bottom it says is the refund date as well? I will go crazy if I have to wait until the 16th. I was accepted on Jan 20th. Thanks.