Publication Date: December 16, 2004
Author: General Manager, FSA Application, School Eligibility and Delivery Services
Summary: 2004-2005 CFL Reduction to NAPD Warning Message
Posted on 12-16-2004
To: All Destination Points
From: General Manager, FSA ASEDS
Summary: 2004-2005 CFL Reduction to NAPD Warning Message
Background
At this time, the majority of Pell Grant funds for the first payment period of the 2004-2005 Award Year should have been disbursed to students. As you are aware, schools are to submit Pell Grant disbursements to the Department generally no later than 30 days after the date the Pell Grant funds are disbursed to a student. Accordingly, the majority of disbursements for the first payment period of the 2004-2005 Award Year should have already been submitted to the Common Origination and Disbursement (COD) System for processing.
2004-2005 CFL Reduction to NAPD Warning Message Sent on December 15, 2004
On December 15, 2004, we sent a message to most schools that have a Current Funding Level (CFL) for the 2004-2005 Award Year that is greater than their Net Accepted and Posted Disbursements (NAPD). (Schools that have received a CFL increase within the past 60 days will not receive this message.) The message warns an affected school that its 2004-2005 CFL will be reduced to the NAPD if the CFL is still greater than the NAPD on January 29, 2005. After the reduction, schools that have drawn down funds but that have not submitted the applicable disbursements to the COD System may be in an excess cash situation and must rectify the situation as soon as possible.
We sent the December 15, 2004 warning message to an affected school's SAIG mailbox in the message class PGTX05OP. A school that receives the warning message should review its internal records and submit all outstanding disbursements for the 2004-2005 Award Year to the COD System as soon as possible but before January 29, 2005.
Contact Information
We appreciate your cooperation in submitting any applicable outstanding Pell Grant disbursements to the COD System as soon as possible. If you have questions about the warning message or about submitting disbursements to the COD System, contact the COD School Relations Center at 1/800/4PGRANT. You may also email CODSupport@acs-inc.com.