Publication Date: June 7, 2012
| DCL ID: | ANN-12-13 |
Subject: Live Internet Webinar - COD System Update - July 2012 Enhancements
Summary: This letter announces Federal Student Aid’s instructor-led, online training session that provides information on upcoming changes to the COD System.
Dear Colleague:
We are pleased to announce instructor-led, online training that will describe upcoming enhancements to the Common Origination and Disbursement (COD) System. In particular, we will discuss changes resulting from the Budget Control Act (BCA) of 2011 that will be implemented in July 2012, including the elimination of the up-front interest rebate for William D. Ford Federal Direct Loans (Direct Loans) and the loss of subsidized loan eligibility for graduate and professional students. In addition, we will provide an overview of modifications to the COD System relative to the Consolidated Appropriations Act of 2012, including the reduction of Federal Pell Grant (Pell Grant) duration of eligibility from 900% to 600% and related changes to the Central Processing System (CPS) and the National Student Loan Data System (NSLDS). Lastly, the session will touch on modifications to the StudentLoans.gov Web site and briefly review the Direct Loan Program Year Closeout process for the 2010-2011 Award Year, as some institutions will be completing this process for the first time this year.
This training is intended for financial aid office personnel at both domestic and foreign schools who are interested in learning more about upcoming changes to COD System processing and will focus on the operational aspects of the COD System modifications.
We will present this information in one 90-minute session offered on Tuesday, June 26, 2012 at 9:00 A.M. (ET) and again on Thursday, June 28, 2012 at 3:00 P.M. (ET).
The June 26th session has been scheduled at a time convenient for many foreign school staff; however, both sessions are open to all participants.
Note: There may be a difference between a trainee’s local time and Eastern Time. To determine local time and its Eastern Time zone equivalent, click on this link:
Advance registration is required for this training and will be available on a first-come, first-served basis. To allow for as many participants as possible, we strongly encourage groups to view the webinar from a single location if accommodations allow. If viewing as a group, only one person from the group needs to register.
To register for the webinar, click on this link:
Once registered, we will send an e-mail confirmation to the trainee. The trainee should retain this confirmation, as it contains important information, including linking and log in information for the Web site, system test links, and cancellation information. If unable to attend, we request that the trainee cancel his or her registration so that individuals who wish to attend may do so.
PowerPoint slides will be available for each trainee to download after he or she signs in to the webinar. During the webinar, trainees will be able to ask questions electronically using their computers.
We look forward to your participation in this instructor-led, online training opportunity. If you have questions about this training opportunity, please contact Wood Mason at wood.mason@ed.gov.
Sincerely,Jana Hernandes
Service Director, Operations
Federal Student Aid