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Session 43
Financial Aid For Technical Staff
Wood Mason
Session 43
Al Beeouttahere
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But First…
It’s Picture Time!
Session 43
Send $50 cash to…
Al Beeouttahere555 East West Ave
Algernona, GA 67890
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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
NOTE: All COD interfaces routed through EAI except DCS.
SAIGSchools
EFC Calc DB Matches
Central Processing System
(CPS)
Students *
*FOTW – FAFSA on the web
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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
SAIG
Financial Mgt
System(FMS)
Loan Servicing System(DLSS)
ACG, SMART, Direct Loan and Pell Origination, Change and Disbursement data
Batch and web-generated Responses
CentralProcessing
System(CPS)
Loan Bookings & Disbursements
School
Eligibility
Data
Funding Transactions
Payment Transactions
Student Level Grant Data
Student Level Direct Loan Data
FMSS / GAPS
Schools
Drawdowns
Post Secondary Education Participant
System(PEPS)
Student
Applicant
Data
Payment Transactions
Student Data
Storage(NSLDS)
Common Origination & Disbursement (COD)
TransactionProcessing
Web Reports
Customer Service Center
Applicant Services
Debt Collection Services (DCS)
Student
Pell
Payment
Data
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The COD Boogie
SAIG
ACG, SMART, Direct Loan and Pell Origination, Change and Disbursement data
Batch and web generated Responses
CentralProcessing
System(CPS)
GAPS
Schools
Drawdowns
Student Data
Storage(NSLDS)
Common Origination & Disbursement (COD)
TransactionProcessing
Web Reports
Customer Service Center
Applicant Services
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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– Administrative Cost Allowance
• POP – Potential Overaward Process
• MRR – Multiple Reporting Record
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Talkin’ the talk…
• SRC– School Relations Center
•COD customer service center in Niagara Falls, NY• CSR
– 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 MasonPhone: 404.562.6270Email: [email protected]
