Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

(CB-95-01) This letter provides information on Tentative 1995-96 Funding Levels for the Campus-Based Programs.

DCLPublicationDate: 1/1/95
DCLID: CB-95-1
AwardYear:
Summary: This letter provides information on Tentative 1995-96 Funding Levels for the Campus-Based Programs.


JANUARY 1995
CB-95-1


SUMMARY: This letter provides information on Tentative 1995-96
Funding Levels for the Campus-Based Programs.

Dear Financial Aid Administrator:

Enclosed is a notice of your institution's tentative funding
levels for the Federal Perkins Loan, Federal Work-Study (FWS),
and/or Federal Supplemental Educational Opportunity Grant (FSEOG)
programs for the award period July 1, 1995 through June 30, 1996.
These tentative funding levels were determined in accordance with
1) the Higher Education Act (HEA) of 1965, as amended; and 2)
Campus-Based Program regulations, dated November 30, 1994.

PLEASE NOTE THAT THESE ARE TENTATIVE FUNDING
LEVELS ONLY.
We have enclosed computer-generated worksheets that show the
step-by-step calculation of each tentative funding level. Please
review the worksheets carefully. If your institution submitted
FISAP corrections that are not included on the worksheets, please
notify your Campus-Based State Representative. Also, if your
institution's base guarantee for any program is too high (due to
disallowed expenditures resulting from an audit, program review,
etc.), you must advise us immediately of the adjusted
expenditures. BE SURE TO RETAIN THE ENCLOSED
EXPLANATION OF THE WORKSHEET BECAUSE WE WILL
NOT PROVIDE ANOTHER COPY WHEN YOUR FINAL
ALLOCATION WORKSHEETS ARE ISSUED IN LATE MARCH
1995.

REDUCED ALLOCATIONS

In accordance with the HEA sections 413D(e)(2), 442(e)(2), and
462(j)(4), if an institution returns more than 10 percent of its
Federal Perkins Loan, FWS, or FSEOG allocation for an award year,
the allocation for the next fiscal year for that program will be
reduced by the dollar amount returned. The law also provides
that the Secretary may waive this requirement if its enforcement
would be contrary to the interest of the affected Campus-Based
Program.

The enclosed worksheets show whether your institution's
allocation for a program was reduced by the amount of 1993-94
underutilized funds. If one or more of your program allocations
were reduced and you believe that there were extenuating
circumstances unique to 1993-94 that prevented your institution
from spending these funds, you may request a waiver of the
reduction.

To request a waiver, please submit a written explanation of the
circumstances along with supporting documentation. The waiver
request must be signed by an appropriate institutional official
and above the signature the official must include the statement:
"I certify that the information the institution provided in this
waiver request is true and accurate to the best of my knowledge.
I understand that the information is subject to audit and program
review by representatives of the Secretary of Education." The
request must be postmarked by February 21, 1995 and sent to:

Sandra K. Donelson
Fund Control Branch
Campus-Based Programs Financial Management Division
U.S. Department of Education
ROB-3, Room 4621
600 Independence Avenue, S.W.
Washington, D.C. 20202-5452

We will notify you of our decision by letter. Approved waivers
will be reflected in the final allocations which will be mailed
in late March.

ADDITIONAL LOCATIONS

An institution was permitted to include data in its 1995-96
Campus-Based Programs Application for students enrolled in
additional locations that had not yet received an eligibility
determination by the date the FISAP was submitted to us last
fall. If the institution has not received an eligibility letter
and program participation agreement from the Department prior to
March 1, 1995 that includes eligibility for one or more of these
locations, the institution must submit revised application data
on a diskette, postmarked no later than March 17, 1995. The
institution must delete all data pertaining to students enrolled
at the ineligible location. The revised diskette must be
accompanied by a cover letter informing your state representative
which locations are ineligible, and must be sent to the following
address:

U. S. Department of Education
Campus-Based Programs Financial Management Division
ROB-3, Room 4621
600 Independence Avenue, S.W.
Washington, D.C. 20202-5452

ELIGIBILITY AND FINAL ALLOCATION DATA

All applicant institutions are receiving this notice of tentative
1995-96 funding levels. However, to receive a final 1995-96
allocation by April 1, 1995, an institution must be certified to
participate in the campus-based programs. Questions regarding
your institution's eligibility and certification should be
referred to the Institutional Participation Division, telephone
(202) 401-6485.

If you have questions regarding your institution's 1995-96
tentative funding levels, please call the appropriate Campus-
Based State Representative identified on the enclosed listing.

Sincerely,


William L. Moran
Director, Student Financial
Assistance Programs


Enclosures:

1. Tentative Funding Level Worksheets
2. Explanation of Worksheets
3. Expected Family Contribution Averages
4. Listing of State Representatives for the
Campus-Based Programs
5. Interactive Voice System Reminder

Last Modified: 12/31/1994