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(CB-03-03) Subject: Changes in the 2004-2005 FISAP for the Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG), and Federal Work-Study (FWS) Programs.

Publication Date: March 2003

DCL ID: CB-03-03

Subject: Changes in the 2004-2005 FISAP for the Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG), and Federal Work-Study (FWS) Programs.

March 2003

CB-03-03

SUMMARY: Changes in the 2004-2005 FISAP for the Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG), and Federal Work-Study (FWS) Programs.

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

Dear Partner:

We are planning to make certain data collection changes to the Fiscal Operations Report for 2002-2003 and Application to Participate for 2004-2005 (FISAP). These changes include statutory/regulatory updates and suggestions from schools that participated in our focus groups and conferences. Although these proposed changes still require Office of Management and Budget (OMB) approval, we are advising you of them in advance of the FISAP distribution in July so you may plan accordingly.

Please review the following 2004-2005 FISAP award year changes and compare them with the 2003-2004 FISAP to ensure that your school can accommodate the proposed new data collection requirements.

Part I - Identifying Information, Certifications and Warning

There are no changes.

Part II - Application to Participate

There are no changes.

Part III – Federal Perkins Loan Program Report

Section C

Section C, fields 2, 2.1, and 2.2

There have been three new fields added: 2.2(b), (c), and (d). On July 1, 2002, new regulations (CFR 674.61(b)) went into effect governing the process for granting total and permanent disability in the Federal Perkins Loan Program. Under the new regulations, schools no longer have the authority to grant total and permanent disability discharges. Instead, a school reviews a disability discharge request, and, if the school approves the request, it assigns the loan to the Department of Education. The Department ultimately determines whether to approve or deny the request for a disability discharge after a three-year conditional discharge period has passed. Total and permanent disability discharge claims approved by schools on or after July 1, 2002 will be reported on the Fiscal Operations Report as assignments in the new fields 2.2(b), (c), and (d), not as cancellations.

Fields 2.1(b), (c), and (d) are the old fields 2(b), (c), and (d). The software will automatically calculate the totals for fields 2(b), (c), and (d).

Part IV – Federal Supplemental Educational Opportunity Grant Program

There are no changes to Part IV.

Part V – Federal Work-Study Program

Section C

A new field 11(c) has been added. In 11(c), schools report the earned compensation for off-campus employment at public or private nonprofit agencies that are unable to pay the regular 75% non-Federal share. This data collection has been removed from field 11(b).

The new field 11(d) is now the old field 11(c).

Section D

There are two new fields: 13(b) & 13(c). In order to reduce confusion, we have taken out of field 13(a) the Federal share of compensation earned at 100% and up to 90%. For field 13(b), schools must report the Federal share of compensation when there is an approved waiver of the non-Federal share requirement due to a school’s eligibility under Title III/V or a student’s employment as a reading or math tutor.

For field 13(c), schools must report the Federal share of compensation earned at the maximum 90% rate for off-campus employment at public and private nonprofit agencies that are unable to pay the regular non-Federal share. The 90% Federal share is limited to no more than 10% of the students paid under the FWS Program for the 2002-2003 award year. Furthermore, this 10% limit does not include students whose FWS wages have been exempted from the full non-Federal share requirement due to being employed as reading tutors of children, mathematics tutors of children, or in family literacy activities.

Part VI - Program Summary

There are no changes in Part VI.

You may contact the Campus-Based Call Center at 877/801-7168 if you have any questions about these 2004-2005 FISAP changes.

Sincerely,

Richard Coppage, Acting Director

Campus-Based Operations

Draft Fiscal Operations Report and Application to Participate (FISAP) in PDF Format, Size 2.04MB, 13 pages

Last Modified: 03/12/2003