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Federal Pell Grant 1999-2000 Authorization Increases

PublicationDate: 12/16/99
Summary: Federal Pell Grant 1999-2000 Authorization Increases
Author: AFMS - Accounting and Financial Management Service


Posted on December 16,1999

TO: All Destination Points
FROM: Pell Grant Processing
RE: Federal Pell Grant 1999-2000 Authorization Increases

The Office of Student Financial Assistance has executed a Y2K initiative for the Federal Pell Grant program. We are increasing 1999-2000 school authorizations up to the GAPS drawdown for 1998-99 through February 1999. This resulted in an increase of over $2 billion for more than 4000 schools. This action is intended to provide schools with sufficient funding authority in case of Y2K-related problems with their systems. We expect the increases to be posted in GAPS no later than December 16, 1999; we will release an updated Electronic Statement of Account (ESOA) immediately thereafter to all schools scheduled to receive this increase.

For further details, please see Dear Partner Letter
99-P-8 on the IFAP web site (www.ifap.ed.gov). If you have further questions, please call 1-800-4PGRANT.

Last Modified: 12/15/1999