The federal fiscal year for the Department of Education (the Department) ends on Wednesday, Sept. 30, 2020. Some of the Department’s core financial systems, including G5, will be on a modified processing schedule while the Department finalizes its processing and accounting for fiscal year 2020. These modifications will impact how the Common Origination and Disbursement (COD) System will process financial data and when schools can obtain funds for the federal student aid programs as follows:
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9 p.m. Eastern time (ET) on Wednesday, Sept. 30, 2020 through 5 p.m. ET on Thursday, Oct. 1, 2020 – The G5 website will not be available. Schools will not be able to draw down Campus-Based, Federal Pell Grant (Pell Grant), Iraq and Afghanistan Service Grant, Teacher Education Assistance for College and Higher Education (TEACH) Grant, or William D. Ford Federal Direct Loan (Direct Loan) funds during this period. Schools will be able to draw down under their existing authorizations once G5 re-opens.
- Wednesday, Sept. 30, 2020 – The COD System will accept Pell Grant, Iraq and Afghanistan Service Grant, TEACH Grant, and Direct Loan records. However, after 8 a.m. ET on Wednesday, Sept. 30, 2020, Current Funding Level (CFL) changes (as a result of actual disbursements) and funding will not be processed until G5 re-opens.
All actual disbursements with a disbursement date from Sept. 30, 2020 through Oct. 1, 2020 must be received and subsequently accepted by the COD System no later than 8 a.m. ET on Wednesday, Sept. 30, 2020, in order to generate the appropriate funding level increase prior to the G5 shutdown. Disbursements submitted by the deadline but not subsequently accepted, disbursements submitted after the deadline, and disbursements with a disbursement date after Oct. 1, 2020 will be funded once G5 re-opens.
Note: Schools should also refer to two other announcements related to the Sept. 30, 2020 processing deadline (one is about the 2019–20 TEACH Grant Closeout deadline and one is about the Pell Grant and Iraq and Afghanistan Service Grant 2019–20 Award Year processing deadline). Schools should ensure that 1) all necessary reports are obtained and 2) all applicable 2019–20 origination, disbursement, and change records are submitted and accepted prior to the processing deadlines.
We appreciate your patience and understanding as we complete the required activities during the upcoming period. We expect financial processing to be caught up by the end of the following week.
Contact Information
If you have any questions about this announcement, contact one of the following help desks:
- For questions related to G5, contact the G5/GAPS Hotline at 1-888-336-8930 or email edcaps.user@ed.gov.
- For questions related to the COD System, contact the COD School Relations Center at 1-800-848-0978. You may also email CODSupport@ed.gov.