(CB-02-15) (CB-02-15) Information regarding the 2002-2003 supplemental campus-based award process

Publication Date: September 2002

Information regarding the 2002-2003 supplemental campus-based award process

September 2002

CB-02-15

Summary: Information regarding the 2002-2003 supplemental campus-based award process.

Reference: The Federal Student Aid Handbook, Campus-Based Programs

Dear Partner:

The 2002-2003 supplemental campus-based awards have been distributed to those schools that met the required conditions. We are providing information below on the supplemental process for the 2002-2003 award year in a question and answer format.

Questions & Answers

How were schools notified that they received a supplemental award?

On September 18, 2002, we sent an electronic message to each school that had been awarded supplemental funding in one or more of the campus-based programs. The message was sent to the financial aid administrator’s email address as reported in the school’s Fiscal Operations Report and Application to Participate (FISAP) for the 2002-2003 award year.

If my school was awarded 2002-2003 supplemental funds, where can I obtain details on the awards?

To review details of your 2002-2003 supplemental notification, logon to the eCampus-Based web site at www.cbfisap.sfa.ed.gov. Select the “Self-Service” link from the top navigation bar or main menu. Your data is posted in the “Campus-Based Notifications” section as an award adjustment under the statement of account for 2002-2003.

How were the funds distributed?

The criteria for the distribution of supplemental campus-based funds have been established in accordance with the authority contained in the Higher Education Act of 1965, as amended, sections 462 (i), 442 (d), and 413D (d). In addition, a minimum supplemental allocation of $1,000 has been set for each program. Therefore, if you find that your school meets one or more of the conditions below and you are not receiving a supplemental allocation for that program, the calculated amount was less than $1,000 for your school.

FEDERAL PERKINS LOAN

The supplemental Federal Perkins Loan funds have been awarded to participating schools in the following manner:

1. Awarded 80 percent of the funds to schools that --

2. Awarded the remaining 20 percent of the funds to schools with a 2002-2003 fair share shortfall (final funding worksheet for Federal Perkins, line 33) that --

· requested a Federal Perkins Loan Program Federal Capital Contribution (FCC) for the 2002-2003 award year; and

· had a 2000-2001 cohort default rate below 25 percent.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG)

The supplemental FSEOG funds have been awarded to participating schools in the following manner:

1. Awarded 100 percent of the funds to schools with a 2002-2003 fair share shortfall (final funding worksheet for FSEOG, line 25).

FEDERAL WORK-STUDY (FWS)

The supplemental FWS funds have been awarded to participating schools in the following manner:

1. Awarded 100 percent of the funds to schools with a 2002-2003 fair share shortfall (final funding worksheet for FWS, line 28) that --

We will verify that your school did spend at least 5 percent of your total 2001-2002 FWS allocation to compensate students employed as reading tutors of children or in family literacy activities as part of your community service activities when we receive your FISAP due to the Department on October 1, 2002. If your school received supplemental FWS funds based on the above criteria, and your school was not entitled to these supplemental funds, they will be deobligated.

Will there be any additional funds available for 2002-2003?

We do not anticipate that additional funds will become available for 2002-2003, so we ask that you do not submit requests for further funding.

What if I still have questions about the supplemental process?

If you have questions, please contact the Campus-Based Call Center at 1-877-801-7168.

Sincerely,

Richard Coppage, Acting Director

Campus-Based Operations