Publication Date: January 2001
DCL ID: CB-01-01
Summary: This letter provides information on Tentative 2001-2002 Funding Levels for the Campus-Based Programs
SUMMARY: This letter provides information on Tentative 2001-2002 Funding Levels for the Campus-Based Programs.
REFERENCE: The 2000-2001 SFA Handbook: Campus-Based Programs
Your institution's tentative funding levels worksheets for the Federal Perkins Loan, Federal Work-Study (FWS), and/or Federal Supplemental Educational Opportunity Grant (FSEOG) programs for the award period July 1, 2001 through June 30, 2002 will be sent by electronic file on January 29, 2001. These tentative funding levels were determined in accordance with 1) the Higher Education Act (HEA) of 1965, as amended; and 2) the Campus-Based program regulations.
PLEASE NOTE THAT THESE ARE TENTATIVE FUNDING LEVELS ONLY.
We have attached an explanation of the worksheet that provides the step-by-step calculation of each tentative funding level. Your institution will no longer receive paper copies of the tentative funding notification and worksheet(s). The tentative award notification and worksheet(s) will be electronically transmitted to your FISAP mailbox, via Student Assistance Internet Gateway (SAIG) under message class FTEN02OP. Please review your worksheets carefully.
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.
An institution was permitted to include data in its 2001-2002 FISAP for students enrolled in additional locations that had not yet received an eligibility determination by the submission date. If the institution does not receive an eligibility letter and program participation agreement from the Department by March 2, 2001 for the newly listed locations, the institution must submit a revised FISAP via SAIG by March 8, 2001. The institution's revision must remove all data pertaining to students enrolled at the ineligible location(s).
If you have questions regarding your institution's 2001-2002 tentative funding levels, you may contact any of the following members of our Funds Management Team:
Rich Bennett, Team Leader
A. Explanation of Worksheets
B. Expected Family Contribution (EFC) Averages