Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

Summary: Reminder-End of Federal Fiscal Year 2007 Impact on Funds Availability for Campus-Based, ACG, National SMART Grant, Pell Grant, and Direct Loan Programs (EDCAPS/GAPS and COD System)

Publication Date: September 10, 2007

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

Summary: Reminder-End of Federal Fiscal Year 2007 Impact on Funds Availability for Campus-Based, ACG, National SMART Grant, Pell Grant, and Direct Loan Programs (EDCAPS/GAPS and COD System)

Posted on 09-10-2007

As explained in an August 13, 2007 Electronic Announcement, September 30, 2007 marks the end of the Federal fiscal year for the Department of Education (the Department). Some of the Department's core financial systems, including the Grant Administration and Payment System (GAPS), will be on a modified processing schedule while the Department finalizes its processing and accounting for Fiscal Year 2007.

These interruptions will impact how the Common Origination and Disbursement (COD) System will process financial data and when schools can obtain funds for the Federal student aid programs. If you have not done so already, please review the impact information provided in the August 13th Electronic Announcement.

We appreciate your patience and understanding as we complete the required activities. As explained in the August 13th Electronic Announcement, we expect financial processing to be caught up by Friday, October 5, 2007.

Contact Information

If you have any questions about this announcement, contact one of the following help desks:

  • For questions related to the GAPS, contact the GAPS hotline at 888/336-8930 or go to the GAPS e-Payments Web site.

  • For questions related to the Campus-Based programs, contact the Campus-Based Call Center at 877/801-7168. You may also email CBFOB@ed.gov.

  • For questions related to the COD System, contact the COD School Relations Center at 800/4PGRANT (800/474-7268) for ACG, National SMART Grant, and Pell Grant or 800/848-0978 for Direct Loan. You may also e mail CODSupport@acs-inc.com.

Last Modified: 09/09/2007