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Summary: 2006-2007 ACG CFL Reduction to NAPD Warning Message

Publication Date: May 10, 2007

Author: William Leith, Acting General Manager, Application, Operations and Delivery Services, Federal Student Aid

Summary: 2006-2007 ACG CFL Reduction to NAPD Warning Message

Posted on 05-10-2007

At this time, the majority of Academic Competitiveness Grant (ACG) funds for the first and second payment periods of the 2006-2007 Award Year should have been disbursed to students. In general, schools are to submit ACG disbursements to the Department of Education (the Department) no later than 30 days after making an actual disbursement or becoming aware of the need to adjust a student's previously reported disbursement. Accordingly, the majority of disbursements for the first and second payment periods of the 2006-2007 Award Year should have already been submitted to the Common Origination and Disbursement (COD) System for processing.

2006-2007 ACG CFL Reduction to NAPD Warning Message Sent on May 9, 2007

On May 9, 2007, we sent a message to most schools that have an ACG Current Funding Level (CFL) for the 2006-2007 Award Year that is greater than their Net Accepted and Posted Disbursements (NAPD). (Schools that have received an ACG CFL increase within the past 60 days will not receive this message.) The message warns an affected school that its 2006-2007 ACG CFL will be reduced to the NAPD if the CFL is still greater than the NAPD on May 29, 2007. After the reduction, schools that have drawn down funds in the Grant Administration and Payment System (GAPS) 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 May 9, 2007 warning message to an affected school's Student Aid Internet Gateway (SAIG) mailbox in the message class AGTX07OP. A school that receives the warning message should review its internal records and submit all outstanding ACG disbursements for the 2006-2007 Award Year to the COD System as soon as possible but before May 29, 2007.

Contact Information

We appreciate your cooperation in submitting any applicable outstanding 2006-2007 ACG 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 800/4PGRANT (800/474-7268) for ACG, National SMART Grant, and Pell Grant. You may also e-mail CODSupport@acs-inc.com.

Last Modified: 05/09/2007