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(CB-01-06) Close-out of the 1999-2000 awards for the Federal Work-Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant (FSEOG) Programs

Publication Date: May 2001

DCL ID: CB-01-06

Summary: Close-out of the 1999-2000 awards for the Federal Work-Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant (FSEOG) Programs

MAY 2001

CB-01-06

SUMMARY: Close-out of the 1999-2000 awards for the Federal Work-Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant (FSEOG) Programs.

We have just completed close-out of all the 1999-2000 Campus-Based awards.

Questions & Answers

  1. How were the close-out amounts for my school determined?

A. For FSEOG, the award decrease was equal to your current 1999-2000 FSEOG award authorization amount minus the expended 1999-2000 FSEOG authorization amount from Part IV, Line 16 of your FISAP. Your final 1999-2000 FSEOG award amount is now equal to your expended FSEOG authorization amount (Line 16).

For FWS, the award decrease was equal to your current 1999-2000 FWS award authorization amount minus the expended 1999-2000 FWS authorization amount from Part V, Line 17 of your FISAP. Your final 1999-2000 FWS award amount is now equal to your expended FWS authorization amount (Line 17).

For the Federal Perkins Loan Program, the award decrease was equal to your current 1999-2000 Federal Capital Contributions award authorization minus the expended 1999-2000 FCC authorization amount. The expended 1999-2000 FCC authorization amount was determined by subtracting the UNEXPENDED adjusted authorized FCC amount from Part III, Section B, line 3 of the FISAP from the adjusted authorized FCC amount from Part III, Section B, Line 1 of the FISAP. Your final 1999-2000 FCC award amount is now equal to your expended FCC authorization (Line 1 minus Line 3).

If your school did not submit a FISAP showing 1999-2000 expenditures, then your authorizations were reduced to zero.

  1. How and when will I receive my award adjustment letter?

A. We are sending award adjustment letters to your school only if you had a decrease applied to any of your 1999-2000 Campus-Based awards through this close-out process. Award adjustment letters will be sent by electronic file (message class FAWD02OP) by May 30, 2001.

Q. Why didn't I receive an electronic file with a close-out award adjustment?

A. If you totally expended all of your Campus-Based awards for 1999-2000 as reported on your FISAP, you will have no close-out adjustments and no award adjustment letter will be sent to you. If you had unexpended amounts on the FISAP and did not receive an electronic file (message class FAWD02OP), you can call us to have another file sent to you. You can also use the authorized amounts that are in GAPS to determine if any award adjustments were made. In either case, your GAPS award authorization amounts should be equal to your expended authorization amounts as reported on the FISAP.

Q. What if my FISAP expenditure report was incorrect and I need to adjust the FISAP report and have funds reinstated?

A. You should correct the FISAP through the FISAP version 3 software and re-transmit it to us electronically. You will also need to call us or fax us to let us know you need your award amount(s) in GAPS adjusted based upon the FISAP expenditure change you submitted. Our fax number is 202-205-1919. You can address the fax to any of the individuals below.

Q. Who can help me if I have questions?

A. You may call any of the following individuals to have your FISAP expenditure report adjusted, to reinstate part or all of your award, or for any questions regarding the close-out process.

Sandra Donelson 202-708-9751

Rhonda Herbert 202-708-9191

Joseph Morris 202-708-8745

Judy Norris 202-708-9757

Dorothy Proctor 202-708-7746

Pamela Wills 202-401-3293

Sherraine Green 202-708-5774

Rich Bennett 202-260-6074

Sincerely,

Lois M. Moore

Acting Director

Campus-Based Operations

Schools Channel

Last Modified: 05/17/2001