Maintained for Historical Purposes

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

(CB-98-02) Changes in the 1999-2000 FISAP for the Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG), and Federal Work-Study (FWS) Programs.

DCLPublicationDate: 1/1/98
DCLID: CB-98-2
AwardYear:
Summary: Changes in the 1999-2000 FISAP for the Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG), and Federal Work-Study (FWS) Programs.



January 1998

CB-98-2


SUMMARY: Changes in the 1999-2000 FISAP for the Federal
Perkins Loan, Federal Supplemental Educational
Opportunity Grant (FSEOG), and Federal Work-
Study (FWS) Programs.

REFERENCE: The Student Financial Aid Handbook, Chapters 5, 6,
7 and 8.

Dear Financial Aid Administrator:

We are planning to make certain data collection changes to the
1997-98 Fiscal Operations Report/1999-2000 Application to
Participate (FISAP). Even though these proposed changes are
still subject to the approval of the Office of Management and Budget
(OMB), we are advising you of them well in advance of the
distribution of the Electronic FISAP materials in July. Enclosed is a
copy of the requirements for your planning purposes.

Please review the following 1999-2000 Award Year changes and
compare them to the 1998-99 Award Year FISAP to ensure that your
institution is completely updated on the proposed new data collection
requirements.

SPECIAL NOTICE: Beginning with the 1999-2000 Award Year,
institutions will be required to submit their FISAP to the Campus-
Based contractor via the Department of Education's Title IV Wide
Area Network (TIVWAN). Institutions will use the Edconnect
software to send their FISAP information through TIVWAN to the
Campus-Based contractor. The data will be processed and returned
to the school's electronic mailbox. You must submit your FISAP
data via the Title IV WAN in order to place your files in the
Campus-Based contractor's electronic mailbox.

To participate in TIVWAN you must file a Letter of Application
and a Participation Agreement by writing to:

Title IV WAN Network Operations Center
P.O. Box 30
Iowa City, IA 52244
or
Telephone: 1-800-615-1189

PART I - IDENTIFYING INFORMATION, CERTIFICATIONS
AND WARNING

No changes.

PART II - APPLICATION TO PARTICIPATE

SECTIONS A,B, C & D

No changes.

SECTION E

Beginning with the 1999-2000 award year, a new Section E will
allow institutions that will return more than 10 percent of their
Federal Perkins Loan, FSEOG, or FWS allocation to request a
waiver of the penalty for the under use of funds. The additional
information screen will provide space for institutions to submit
written explanation of the circumstances that caused the under
use of funds. Sections E, F, & G of the 1997-98 FISAP have now
been changed to accommodate the new Section E. The new
Sections are designated as F,G, & H. Note that there are line
item number changes in Part II from lines 8 to 43.

PART III - FEDERAL PERKINS LOAN PROGRAM REPORT

SECTIONS A

Line 6, has been changed to include all loans assigned to ED
rather than only the defaulted loans that were previously reported.
Line 36 also reflects the change to all assigned loans.

SECTION B

No changes.

SECTION C

A new Line 1.2 in column A, has been added so that institutions
may report the dollar amount of the purchased loans that have
been report in line 1.1 as fully retired.

Line 2 has been changed to include all borrowers loans that were
assigned to ED as of June 30, 1998 rather than only the defaulted
loans that were previously reported.

PART IV - FEDERAL SUPPLEMENTAL EDUCATIONAL
OPPORTUNITY GRANT PROGRAM

SECTIONS A, B, C, D, & E

No changes.

SECTION F

A line has been provided for institutions to indicate the award
year if reported recoveries are from one award year only.
Institutions with recoveries for more than one award year,
will need to report those award years separately to ED as
instructed in the FISAP Instructions Booklet.

PART V - FEDERAL WORK-STUDY PROGRAM

SECTIONS A, B, C, D, & E

No changes.

SECTION F

A line has been provided for institutions to indicate the award
year if reported recoveries are from one award year only.
Institutions with recoveries for more than one award year,
will need to report those award years separately to ED as
instructed in the FISAP Instructions Booklet.

SECTIONS G & H

No changes.

SECTION I

A new Section I, has been included to collect information on
FWS reading tutors of children. On line 27 institutions will report
the number of students employed as FWS reading tutors of
children. Line 28 requires the federal share of earned
compensation for FWS reading tutors of children. Line 29
requires the total earned compensation for FWS reading tutors
of children.

PART VI - PROGRAM SUMMARY

SECTION A & B

No changes.

If you have any questions regarding these FISAP changes, please
direct them to your Campus-Based Programs Financial Management
Specialist identified on the attached listing.

Sincerely,


Michele Selvage, Director
Institutional Financial Management Division


Attachment

Last Modified: 07/26/1998