Publication Date: February 22, 2007
Author: G. Kay Jacks, General Manager, Application, Operations and Delivery Services, Federal Student Aid
Summary: 2004-2005 Pell Grant CFL Reduction to GAPS Net Drawdown Warning Message
Posted on 02-22-2007
At this time, all Federal Pell Grant (Pell Grant) funds for the 2004-2005 Award Year should have been disbursed to students. As you are aware, schools are to submit Pell Grant disbursements and disbursement adjustments to the Department of Education (the Department) generally no later than 30 days after the date the Pell Grant funds are disbursed to a student. Accordingly, disbursements and disbursement adjustments for 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 GAPS Net Drawdown Warning Message Sent on February 21, 2007—Reduction Will Occur on March 19, 2007
On February 21, 2007, we sent a message to schools that have a Grant Administration and Payment System (GAPS) Pell Grant authorization, known in the COD System as Current Funding Level (CFL), for the 2004-2005 Award Year that is greater than their Net Drawdown amount reflected in the COD System and in the GAPS. The message warns an affected school that its 2004-2005 Pell Grant CFL will be reduced to the GAPS Net Drawdown if the CFL is still greater than the GAPS Net Drawdown on March 19, 2007. When the actual reduction occurs in March, the school will have a reduced authorization in the GAPS and will receive an Electronic Statement of Account (ESOA) that reflects the revised authorization.
We sent the February 21, 2007 warning message to an affected school’s Student Aid Internet Gateway (SAIG) mailbox in the message class PGTX05OP. A school that receives the warning message should review its internal records and its CFL, GAPS Net Drawdown, and Net Accepted and Posted Disbursements (NAPD) reflected in the COD System as soon as possible. The school should submit all outstanding downward disbursement adjustments to the COD System and/or request any outstanding drawdown from the GAPS for the 2004-2005 Award Year as soon as possible but before March 19, 2007.
We appreciate your cooperation in taking the necessary actions as soon as possible. If you have questions about the warning message, contact the COD School Relations Center at 800/4PGRANT (800/474-7268) for ACG, National SMART Grant, and Pell Grant. You may also e-mail CODSupport@acs-inc.com.