Session 43

Financial Aid For Technical Staff Wood Mason

Session 43
Al Beeouttahere

But First…

It’s Picture Time!

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Session 43
Send $50 cash to… Al Beeouttahere 555 East West Ave Algernona, GA 67890

In a Nutshell…
• Student applies • ED calculates EFC • School determines aid offered

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History…
• Harvard University
–May 9, 1643
•Lady Ann Radcliffe Mowlson endowed Harvard’s first scholarship fund

– 1840
•Harvard’s first loan program

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History…
• Peabody Education Fund
–1867 –$2 million dollars over 30 years

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History…
• 1867
–U.S. Department of Education

• 1979
–cabinet level post

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History…
• National Youth Administration
–1935 –FDR “New Deal” program –can you say Tech School?

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History…
• 1944 - Serviceman’s Readjustment Act • 1952 - Veteran’s Readjustment Assistance Act

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History…
• 1950’s
–Nat’l Defense Education Act of 1958
•Nat’l Defense Student Loan Program (morphed into Perkins Loan Program)

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History…
• Higher Education Act of 1965
–Guaranteed Student Loan Program –Educational Opportunity Grant

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History…
• Higher Education Reconciliation Act of 2005
–ACG/National SMART awards –GRAD/Professional Student PLUS borrowers

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Application
• FAFSA
–Free Application for Federal Student Aid

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Application
Students *

Schools

Central Processing System
SAIG

(CPS)
EFC Calc DB Matches

*FOTW – FAFSA on the web

NOTE: All COD interfaces routed through EAI except DCS.

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Application
• Aid Eligibility/Determination
–CPS
•Central Processing System

– EFC
•Expected Family Contribution

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Awarding

COA (Cost of Attendance) – EFC NEED
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Awarding
• Grants
–Pell Grant –ACG (Academic Competitiveness Grant) –National SMART Grant (National Science and Mathematics Access to Retain Talent Grant)

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Awarding
• Campus Based Programs
– FSEOG
•Federal Supplemental Educational Opportunity Grant

– FWS
•Federal-Work Study Program

–Perkins Loan Program

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Awarding
• Loan Programs
–William D. Ford Federal Student Direct Loan Program –Federal Family Education Loan Program –alternative loans

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Awarding
• School Aid
–scholarships –grants

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The COD Boogie
Post Secondary Education Participant System (PEPS) Central Processing System (CPS)
School Eligibility Data Student Applicant Data ACG, SMART, Direct Loan and Pell Origination, Change and Disbursement data Student Pell Payment Data Student Level Grant Data Student Level Direct Loan Data

Debt Collection Services (DCS)

Student Data Storage (NSLDS)

Common Origination & Disbursement (COD)
Transaction Processing Web Reports Applicant Services Funding Transactions Payment Transactions Loan Bookings & Disbursements

Schools

SAIG

Batch and webgenerated Responses

Customer Service Center

Loan Servicing System (DLSS)

Drawdowns

FMSS / GAPS

Payment Transactions

Financial Mgt System (FMS)

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The COD Boogie
Central Processing System (CPS) Student Data Storage (NSLDS)

ACG, SMART, Direct Loan and Pell Origination, Change and Disbursement data
Common Origination & Disbursement (COD) SAIG
Transaction Processing Web Reports Applicant Services

Schools

Customer Service Center

Drawdowns
GAPS

Batch and web generated Responses

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Processing – COD
• Common Origination & Disbursement (COD)
–Pell –ACG –National SMART Grant –Direct Loans

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Processing - COD
• Common Record • Response

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The Award Year
• July 1, 2007 – June 30, 2008
–applications –awarding

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The Award Year
• Summer term
–program year closeout for loans (prior award year) –applications –awarding –header/trailer

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The Award Year
•Fall PEAK
–traditionally chaotic –registration and start –Grant year-end reconciliation and closeout

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The Award Year
•Spring PEAK
–registration and start of classes –transfers –grant global jobs –applications/awarding for NEXT award year

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The Next Award Year
• Program changes
–rules –regulations –requirements –edits –dollars and data

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The Next Award Year
• IT changes
–all of it...
•CPS •COD •any other system that touches your school

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Talkin’ the talk…
• COD Tech Ref
–glossary –IFAP.ed.gov
•Information for Student Aid Professionals

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Talkin’ the talk…
• ACA • POP
–Administrative Cost Allowance –Potential Overaward Process –Multiple Reporting Record

• MRR

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Talkin’ the talk…
• SRC
–School Relations Center

• CSR

•COD customer service center in Niagara Falls, NY

–Customer service representative

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Talkin’ the talk...
• GAPS
–Grants Administration and Payment System
•from whence all moneys come •funding method –Advance Pay –Pushed Cash

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Talkin’ the talk...
• NSLDS
–National Student Loan Database System

• FAA Access Online

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Talkin’ the talk...
• CPS
–Central Processing System

• SAIG
– Student Aid Internet Gateway

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The Care & Feeding of your FA Colleagues
“Could you use a little more scheduled time on the box, or maybe some additional bandwidth for transmitting”

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The Care & Feeding of Your FA Colleagues
“Enrolled your transfer students in NSLDS’ transfer monitoring and alert activity? I’d hate to see you spend precious time dealing with a POP’d student during Spring Peak”

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The Care & Feeding of Your FA Colleagues
• And finally...

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The Care & Feeding of Your FA Colleagues ”Silly computer system! Really,
it’s not your fault. I’ll get the back-up CD and you’ll be up and running in no time”

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Questions?
I appreciate your feedback and comments. I can be reached at: Name: Wood Mason Phone: 404.562.6270 Email: wood.mason@ed.gov

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