Summary: New Information Regarding the Recipient Financial Management System (RFMS)
Author: PSS - Program Systems Service
Posted October 5, 1998
To: All EDE Destination Points
From: U.S. Department of Education
Re: New Information Regarding the Recipient Financial Management
The Department is pleased to announce that Action Letter # 2, (P-98-4)
describing the new 1999-2000 Recipient and Financial Management System
(RFMS) for reporting and requesting funds under the Federal Pell Grant
Program has been posted on the Information for Financial Aid
Professionals (IFAP) Web site - http://ifap.ed.gov.
This letter details the new reporting process and provides an overview
of the new RFMS. Two key attachments are included with this letter.
The first is the latest revised data record format file layouts and the
second, is an RFMS calendar of upcoming activities.
Also, a Dear Colleague letter (P-98-5) inviting institutions to
consider volunteering to participate in a Pell Grant pilot of the
Just-In-Time payment method in the 1999-2000 award has been posted on
the IFAP Web site. Please review this letter and carefully consider
whether your institution wishes to volunteer to participate in this
pilot project. If your institution is interested in further information
on the Just-In-Time pilot, please forward your request to the following
E-mail address: #email@example.com.
We also wish to announce that all 1999-2000 RFMS Action and Dear
Colleague letters, latest file layouts, presentations, presentation
handouts, the fact sheet, and other RFMS information posted on IFAP
will soon be accessible under one location on the "Bookshelf" called
"Pell Grant Process."
If you need additional assistance concerning RFMS, please contact the
Pell Grant Hotline at 1-800-4PGRANT (1-800-474-7268) available
8:00 a.m.- 8:00 p.m. ET, Monday through Friday or by E-mail at
Thank you for your continued support of the Federal Pell Grant Program.