| PublicationDate: 5/1/96 Summary: 1996-97 FAFSA Processing - Announcement #46 Author: ODAS - Office of the Deputy Assistant Secretary - SFA Announcement # 46, May 1, 1996 This is announcement number 46 in our series of daily FAFSA updates for financial aid administrators. For information on individual applications, parents and students should contact 319-337-5665. 1996-97 Free Application for Federal Student Aid (FAFSA) Processing Status Report A. Status of Applications as of April 30, 1996 No./Percent. Expected FAFSA No. of Paper of Paper Apps. Date to Receipt Date Apps. Rec'd. Processed Complete =============================================== Jan 1 - Mar 31 3,544,386 3,544,386 (100%) Completed Apr 1- Apr 15 576,989 576,989 (100%) Completed Apr 16 - Apr 30 551,509 445,854 (81%) 14 days from receipt TOTAL: 4,672,884 4,567,229 (98%) Note: Expected Date to Complete reflects the date that the Department expects all paper applications with these receipt dates to have been entered and processed by the Central Processing System. B. Reject 1 Edit The Department would like to confirm that the edit for Reject 1 in the CPS is working correctly. The edit was developed to reject applications for students that did not meet the simplified needs test and had not completed any supplemental data. Supplemental data is the information in Section G, the area on the form that collects asset information. Age of older parent is one of the pieces of supplemental data that is collected in this section as it is used in the formula to compute the asset protection allowance. Thus, if this field is completed by the applicant, the students record will not be rejected. C. EFC Computation Change The Department would like to announce a change to its compute system. This change results from the change in the Maximum Pell Award, one of the parameters used in several compute edits. The Central Processing System change is effective as of todays compute. Some records that were processed before today will need to undergo reprocessing. The CPS will be identifying these records and will be announcing shortly the projected number of records that will be affected by this change. This information will be released in the next few days so that institutions can prepare to receive the reprocessed records. D. EDExpress release The Department would like to announce that distribution of the following items is expected to begin tomorrow. EDExpress '95-96 v1.3 Windows conversion '95-96 v1.2 Installation Guide '95-96 v1.3 EDExpress conversion letter EDExpress '96-97 v2.2 Windows conversion v2.2 Installation Guide EDExpress Technical Reference Thank you for your continued support. |