Publication Date: January 2004
| DCL ID: | CB-04-01 |
Subject: Campus-Based Tentative Funding Levels
JANUARY 2004
CB-04-01
SUBJECT: Campus-Based Tentative Funding Levels
SUMMARY: This letter provides information on Tentative 2004-2005 Funding Levels for the Campus-Based Programs.
REFERENCE: The 2003-2004 FSA Handbook: Campus-Based Common Provisions, Volume 4
Dear Partner:
Your institution’s tentative funding level worksheets for the Federal Perkins Loan, Federal Work-Study (FWS), and/or Federal Supplemental Educational Opportunity Grant (FSEOG) programs for the award period July 1, 2004 through June 30, 2005 will be posted to the eCampus-Based (eCB) web site at http://www.cbfisap.sfa.ed.gov on January 22, 2004. These tentative funding levels were determined in accordance with the Higher Education Act (HEA) of 1965, as amended, and the campus-based program regulations.
We have attached an explanation to this Dear Partner Letter for the step-by-step calculation of each tentative funding level found on the worksheets. The tentative award notification and worksheet(s) can be accessed on the eCB web site by selecting the “Self Service” link from the top navigation bar or main menu and selecting the Tentative Award Notification or Worksheet links posted in the “Campus-Based Notification” section. Please review your worksheets carefully.
PLEASE NOTE THAT THESE ARE TENTATIVE FUNDING LEVELS ONLY.
The U.S. Department of Education is currently operating under a Continuing Resolution through January 31. Since no appropriations have been issued for Fiscal Year 2004, we have based the Tentative funding levels on the amounts contained in the Department’s fiscal year 2004 appropriations legislation. Some portion of those amounts has been held in reserve to cover significant database errors. As a result, the Final allocations may be delayed or altered depending upon the outcome of the appropriations process.
REDUCED ALLOCATIONS
In accordance with the HEA sections 413D(d)(2), 442(d)(2) and 462(i)(4), if an institution returns more than 10 percent of its Federal Perkins Loan, FWS, or FSEOG allocation for an award year, the allocation for the next fiscal year for that program will be reduced by the dollar amount returned. The law also provides that the Secretary may waive this requirement if its enforcement would be contrary to the interest of the affected campus-based program. A request for a waiver of the 2004-2005 award year penalty for the underuse of 2002-2003 award year funds should be submitted using Part II, Section C and the Additional Information screens of the FISAP via eCB. Such requests must be received by February 13, 2004.
ADDITIONAL LOCATIONS
An institution was permitted to include data in its 2004-2005 FISAP for students enrolled in additional locations that had not yet received an eligibility determination by the October 1, 2003 submission date. If the institution does not receive an eligibility letter and program participation agreement from the U.S. Department of Education by March 1, 2004 for the newly listed locations, the institution must submit a revised FISAP via eCB by March 8, 2004. The institution’s revision must remove all data pertaining to students enrolled at the ineligible location(s).
If you have questions or require assistance regarding your institution’s 2004-2005 tentative funding levels, please contact the Campus-Based Call Center, toll free at 877-801-7168.
Sincerely,
Richard Coppage
Acting Director
Campus-Based Operations Branch
Attachments
- Explanation of Worksheets
- EFC Procedures 2004-2005
- Expected Family Contribution (EFC) Averages
Attachments/Enclosures:
Explanation of Worksheets in Microsoft Word Format, 137KB, 14 pages
EFC Procedures 2004-2005 in Microsoft Word Format, 20KB, 1 page
Expected Family Contribution (EFC) Averages in Microsoft Excel Format, 17KB