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(CB-03-15) Subject: Supplemental Campus-Based Awards

Publication Date: September 2003

DCL ID: CB-03-15

Subject: Supplemental Campus-Based Awards

September 2003

CB-03-15

Subject: Supplemental Campus-Based Awards

Summary: This letter contains important information regarding 2003-2004 supplemental awards made to schools that participate in the campus-based award programs.

Reference: The 2003-2004 Federal Student Aid Handbook, Volume 4

Dear Partner:

The 2003-2004 supplemental campus-based awards have been distributed to those schools that met the required conditions. We are providing information below on the supplemental award process for the 2003-2004 award year in a Question and Answer (Q&A) format.

Q1. How were schools notified that they received a supplemental award?

A1. On September 15, 2003, we plan on sending an electronic message to each school that had been awarded supplemental 2003-2004 funding in one or more of the campus-based programs. The message will be sent to the financial aid administrator's e-mail address as reported in the school's Fiscal Operations Report and Application to Participate (FISAP) for the 2003-2004 award year.

Q2. If my school was awarded 2003-2004 supplemental funds, where can I obtain details on the awards?

A2. To review details of your 2003-2004 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 supplemental award data is posted in the "Campus-Based Notifications" section as an award adjustment under the statement of account for 2003-2004.

Q3. How were the funds distributed?

A3. We distributed supplemental campus-based funds in accordance with provisions of the Higher Education Act of 1965, as amended, sections 462 (i), 442 (d), and 413D (d) and the implementing regulations. In addition, a school must qualify for at least a minimum supplemental allocation of $1,000 in a program to receive funds for that program. Therefore, if your school met one or more of the conditions below and you are not receiving a supplemental allocation for that program, your school’s calculated amount was less than $1,000.

Federal Perkins Loan

Supplemental Federal Perkins Loan funds were awarded to participating schools in the following manner:

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

  • Advanced Federal Perkins Loan funds to students in the 1999-2000 award year;
  • Requested a Federal Perkins Loan Program Federal Capital Contribution (FCC) for the 2003-2004 award year;
  • Did not receive a 2003-2004 conditional guarantee; and
  • Had a 2001-2002 cohort default rate below 25 percent.

Supplemental Campus-Based Awards - Page 2

2. Awarded the remaining 20 percent of available funds to schools with a 2003-2004 fair share shortfall (final funding worksheet for Federal Perkins, line 33) that –

  • Requested a Federal Perkins Loan Program Federal Capital Contribution (FCC) for the 2003-2004 award year; and
  • Had a 2001-2002 cohort default rate below 25 percent.

Federal Supplemental Educational Opportunity Grant (FSEOG)

Supplemental FSEOG funds were awarded to participating schools in the following manner:

  1. Awarded 100 percent of the available funds to schools with a 2003-2004 fair share shortfall (final funding worksheet for FSEOG, line 25).

Federal Work-Study (FWS)

Supplemental FWS funds were awarded to participating schools in the following manner:

  1. Awarded 100 percent of the funds to schools with a 2003-2004 fair share shortfall (final funding worksheet for FWS, line 28) that --
    • Indicated on line 4 of the Reallocation Form (E40-4P) that they spent at least 5 percent of their total 2002-2003 FWS federal funds to compensate students employed as reading tutors of children or in family literacy activities as part of their community service activities; and
    • Requested a supplemental 2003-2004 FWS allocation on line 5 of the Reallocation Form (E40-4P) to compensate students employed in community service jobs.

We will verify that your school did spend at least 5 percent of your total 2002-2003 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 that is due no later than October 1, 2003. If your school received supplemental FWS funds for which it was not entitled, those funds will be deobligated.

Q4. Will there be any additional funds available for 2003-2004?

A4. We do not anticipate that additional funds will become available for 2003-2004, so we ask that you do not submit requests for further funding.

Q5. What if I still have questions about the supplemental award process?

A5. If you have questions, please contact the Campus-Based Call Center at 1-877-801-7168.

Sincerely,

Richard Coppage, Acting Director
Campus-Based Operations Branch
Title IV Delivery Division

Last Modified: 09/02/2003