Publication Date: April 2003
Subject: Close-out of the 2001-2002 awards for the Federal Work-Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant (FSEOG) Programs.
SUMMARY: Close-out of the 2001-2002 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 2001-2002 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 2001-2002 FSEOG award authorization amount minus the expended 2001-2002 FSEOG authorization amount from Part IV, Line 16 of your FISAP. Your final 2001-2002 FSEOG award amount is now equal to your expended FSEOG authorization amount (Line 16).
For FWS, the award decrease was equal to your current 2001-2002 FWS award authorization amount minus the expended 2001-2002 FWS authorization amount from Part V, Line 17 of your FISAP. Your final 2001-2002 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 2001-2002 FCC award authorization minus the expended 2001-2002 FCC authorization amount. The expended 2001-2002 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 2001-2002 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 2001-2002 expenditures, then your authorizations were reduced to zero.
Q. How 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 2001-2002 campus-based awards through this close-out process. You will find the award adjustment letter for your school posted on the eCampus-Based (eCB) web site at http://cbfisap.sfa.ed.gov. Select the eCB "Self Service" link from the top navigation bar and you will have direct access to your award adjustment letter.
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 eCampus-Based web site mentioned above. 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.