Specifications include, but are not limited to: The agency must provide a description of its services and sample of all bills, notices and reports offered in this proposal. The agency will provide automatic movement of an account from enrolled to a grace period status. The agency will accrue interest on a monthly basis. Describe the system’s ability to calculate interest, (i.e., daily, monthly, etc.). The agency will provide materials/repayment schedules with the option to print disclosures on-line. Describe your on-line entrance and exit interviews process? What options are available via the Internet? Please expound upon any such capability. Describe your on-line Master Promissory Note process for the Federal Perkins Loan. The agency will have the ability to process entitlements (deferments, postponements, bankruptcy, forbearances and cancellations) within forty-eight (48) hours of receipt. After processing, the agency shall forward all entitlements and all correspondence with University borrowers to the University on a regular basis.