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This resource is being maintained for historical purposes only and is not currently applicable.

Summary: Federal Pell Grant Initial Authorization for 2002-2003

Publication Date: May 2002

Author: General Manager: FSA School Channel

Summary: Federal Pell Grant Initial Authorization for 2002-2003

Posted on May 24, 2002

TO: All Destination Points
FROM: Pell Grant Processing
RE: Federal Pell Grant Initial Authorization for 2002-2003

The Common Origination and Disbursement System (COD) has begun processing the Federal Pell Grant Initial Authorization for 2002-2003 for all schools, other than those on the reimbursement method of payment, Heightened Cash Monitoring Level 2 or participating in the Just-in -Time pilot. An Electronic Statement of Account (ESOA) listing the amount of the initial authorization for all other schools will be sent shortly to Student Aid Information Gateway (SAIG) mailboxes in the message class PGAS03OP.

Schools may begin sending disbursement records for 2002-2003 to COD as early as June 21, 2002, although funds will not be available for drawdown from GAPS until July 1, 2002 for the 2002-2003 award year.

Schools can currently view the initial authorization (termed "Current Funding Level" or "CFL" in COD) amount at the COD website (http://cod.ed.gov) on the School Funding Information page. (See the Electronic Announcement posted February 27 on IFAP on how to obtain access to the Website.) A school may view the amount on the GAPS website (http://gapsweb.ed.gov) beginning July 1.

Please keep in mind that the initial CFL is not intended to fund a school for the entire award year. This initial CFL provides the basis for immediate funding for the new award year. As each advance funded school submits disbursement batches the total accepted amount for each batch is applied to the initial CFL. When the batches total and exceed the amount of the initial CFL, the authorization will be increased to cover each additional batch as it is accepted. Also, please remember that the origination records do not increase your authorization level, only disbursement records increase authorizations.

As in previous years the Department of Education determines the amount of each school's initial authorization through an analysis of the data submitted by the schools. Your authorization was determined based on a percentage of disbursement data that was submitted and accepted during the 2001-02 award year.

Please call the COD School Relations Center at -800-4PGRANT (1-800-474-7268) or e-mail codsupport@afsa.com if you have any questions concerning this matter or you need assistance in logging onto to the COD website.

Last Modified: 05/23/2002