Publication Date: April 2002
Close-out of the 2000-2001 awards for the Federal Work-Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant (FSEOG) Programs.
SUMMARY: Close-out of the 2000-2001 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 2000-2001 Campus-Based awards.
Questions & Answers
Q. How were the close-out amounts for my school determined?
A. For FSEOG, the award decrease was equal to your current 2000-2001 FSEOG award authorization amount minus the expended 2000-2001 FSEOG authorization amount from Part IV, Line 16 of your FISAP. Your final 2000-2001 FSEOG award amount is now equal to your expended FSEOG authorization amount (Line 16).
For FWS, the award decrease was equal to your current 2000-2001 FWS award authorization amount minus the expended 2000-2001 FWS authorization amount from Part V, Line 17 of your FISAP. Your final 2000-2001 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 2000-2001 FCC award authorization minus the expended 2000-2001 FCC authorization amount. The expended 2000-2001 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 2000-2001 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 2000-2001 expenditures, then your authorizations were reduced to zero.
Q. 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 2000-2001 Campus-Based awards through this close-out process. Award adjustment letters will be sent by electronic file (message class FAWD03OP) by April 30, 2002.
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 2000-2001 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 FAWD03OP), 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 can correct the FISAP through the FISAP version 4.1 software and retransmit it to us electronically or update your FISAP on FISAP on the Web. You will also need to contact us to let us know you need your award amount(s) in GAPS adjusted based upon the FISAP expenditure change you submitted.
Q. Who can help me if I have questions?
A. You may call the Campus-Based Call Center at 877-801-7168 to have your FISAP expenditure report adjusted, to reinstate part or all of your award, or for any questions regarding the close-out process.