| Publication Date: March 19, 2007 Author: William Leith, General Manager, Program Operations Channel, Application, Operations and Delivery Services, Federal Student Aid Summary: New Posting Plan for COD Processing Update Beginning March 19, 2007 Posted on 03-19-2007 The COD Processing Update provides information related to the Common Origination and Disbursement (COD) System and includes the following sections: COD News, Reports and Data Requests, Resolved Issues, Resolved Issues In Clean Up, and Current Issues. For a number of years, we have posted a new edition of the COD Processing Update on a daily basis. Through a recent evaluation, we discovered that we often were not making changes to the previously posted edition of the COD Processing Update on a daily basis. As a result, we are changing our posting plan for the COD Processing Update. Beginning March 19, 2007, we will post a new edition of the COD Processing Update on the COD Web site on business days when there is a change to the previously posted edition and each Friday. As schools are aware, we have been posting the Friday edition of the COD Processing Update on the Information for Financial Aid Professionals (IFAP) Web site and will continue to do so. Under the new posting plan, we will continue to post two versions of each edition of the COD Processing Update. One version will contain both loan and grant information. The other version will contain only grant information. Both versions of a new edition of the COD Processing Update will be available by noon (ET) on the day of posting. Schools will be notified when a new edition is posted via a COD Web Message. If you have any questions about the new posting plan or the information in the COD Processing Update, contact the COD Schools Relations Center at 800/848-0978 for Direct Loan or 800/4PGRANT (800/474-7268) for ACG, National SMART Grant, and Pell Grant. You may also e-mail CODSupport@acs-inc.com. |