Publication Date: October 27, 2006
Author: G. Kay Jacks, General Manager, Application, Operations and Delivery Services, Federal Student Aid
Summary: Correction Alert -- Incorrect ACG, National SMART Grant, and Pell Grant ESOAs Sent to Schools on October 19, 20, 21, and 26, 2006
Posted on 10-27-2006
On October 19, 20, 21, and 26, 2006, we sent schools incorrect Electronic Statement of Account (ESOA) reports for the Academic Competitiveness Grant (ACG), National Science and Mathematics Access to Retain Talent Grant (National SMART Grant), and Federal Pell Grant (Pell Grant) programs. These ESOAs reflect a school's correct Current Funding Level (CFL) for the applicable program and award year identified in the ESOA; however, they include initial authorization and/or adjustment transaction activity that occurred on earlier dates over the past several months. Please disregard all ESOAs dated October 19, 20, 21, and 26, 2006.
We have identified and corrected the issue in the Common Origination and Disbursement (COD) System that caused the generation of the erroneous ESOAs. On October 28, 2006, we will send accurate ESOAs to all schools that performed ACG, National SMART Grant, and/or Pell Grant adjustment activity on October 18, 19, 20, and/or 25, 2006.
Each school that performed ACG, National SMART Grant, and/or Pell Grant adjustment activity on October 18, 19, 20, and/or 25, 2006 will receive an accurate ESOA dated October 28, 2006 for each applicable program and award year. We will send each ESOA to the school's Student Aid Internet Gateway (SAIG) mailbox as follows:
2001-2002 through 2006-2007).
Note: All adjustment activity performed on October 18, 19, 20, and/or 25, 2006 is accurately reflected in the GAPS Activity Report on the Grant Administration and Payment System (GAPS) e-Payments Web site. Likewise, all adjustment activity is reflected on the COD Web site.
We apologize for the inconvenience caused by our erroneous generation of the incorrect ESOAs. Again, please disregard all ESOAs dated October 19, 20, 21, and 26, 2006. We will send correct ESOAs to the applicable schools on October 28, 2006.
If you have any questions about this announcement, contact the COD School Relations Center at 800/4PGRANT (800/474-7268). You may also e-mail CODSupport@acs-inc.com.