| DCLPublicationDate: 2/1/96 DCLID: CB-96-3 AwardYear: Summary: This letter contains important information regarding 1996-97 Campus-Based Program funding. February 1996 CB-96-3 Summary: This letter contains important information regarding 1996-97 Campus-Based Program funding. Dear Financial Aid Administrator: Enclosed are the tentative awards for the Campus-Based Programs for the 1996-97 award year. Please be aware that we are issuing these tentative awards during a period of uncertainty about the final outcome of the fiscal year 1996 appropriation for the Department of Education, including the Campus-Based Programs. The Department is operating under a continuing resolution (P.L. 104- 99) that expires on March 15, 1996. Consequently, we are advising you that the amount of your final Campus-Based Program awards due to be issued in April may change substantially, depending upon the legislative action decided by the Congress, when the current continuing resolution expires. Tentative allocations for the Federal Work-Study and Federal Supplemental Educational Opportunity Grant programs are being made at this time because the House-passed appropriations bill (HR 2127) and the Senate Appropriations Committee bill include identical amounts for these programs for the 1996-97 award year. We have not included any new Federal Capital Contribution for the Perkins Loan Program in your tentative awards because the House- passed fiscal year 1996 appropriation bill includes no funding for Perkins capital. The President requested $158 million for this purpose and the Department will work with Congress to attempt to obtain funding for this program. If the Department is operating under another temporary continuing resolution when final awards are issued, the amount of your program award will reflect that partial year funding. That is, your final award will bear (approximately) the same proportion to your tentative award as the number of days covered by the temporary funding measures to 366. For example, if the Department is operating under a temporary funding measure that extends our spending authority through April 30, 1996, the amount of your award will be approximately 58 percent of your full-year award. If this should occur, we will issue subsequent awards if full-year funding is provided. Page 2 - Dear Financial Aid Administrator Underutilization Waiver Request The Department has changed the underutilization of funds waiver request deadline and addresses listed in the enclosed Dear Financial Aid Administrator letter. The signed waiver request along with any supporting information must be postmarked by March 4, 1996. Waiver requests and any supporting documentation submitted after the above deadline date will not be considered. For more information regarding requirements of a waiver request for the under use of campus-based funds, refer to the Dear Financial Aid Administrator letter under the heading "Reduced Allocations." You may fax your request to Ms. Sandra Donelson at (202) 401-0387 or mail it to her attention at: Institutional Financial Management Division U.S. Department of Education P.O. Box 23781 Washington, D.C. 20026-0781 The Department appreciates your patience, cooperation and assistance in making Campus-Based aid available to students. If you have any questions, please direct them to your financial analyst as listed in the Dear Financial Aid Administrator letter, CB-96-1. Sincerely, Elizabeth M. Hicks |