Publication Date: September 25, 2007 Author: William Leith, Acting General Manager, Application, Operations and Delivery Services, Federal Student Aid Summary: G5 Implementation Update #2 - Phase 1 Implementation Overview Now Available Posted on 09-25-2007 This is the second in a series of communications about the development of G5a state-of-the-art electronic system for grants management and payments. In June 2007, the Department of Education (the Department) announced that G5 will replace the current Grant Administration and Payments System (GAPS), including the e-Payments functionality used by schools to draw down Campus-Based, Academic Competitiveness Grant (ACG), National Science and Mathematics Access to Retain Talent Grant (National SMART Grant), Federal Pell Grant (Pell Grant), and William D. Ford Federal Direct Loan (Direct Loan) funds. G5 will provide a number of performance, processing, and customer enhancements. As previously explained, the Department will implement G5 in three phases over several years. Phase I of G5 will address e-Payments and provide improved drawdown functionality. Full implementation of Phase I is targeted for the last quarter of calendar year 2007most likely over the Veterans Day holiday weekend (November 8-12, 2007). Recently, the Department posted a "G5 Phase 1 Implementation Overview" presentation on the GAPS e-Payments Web site. This overview is also available at the following URL: http://www.g5.gov/PPT_for_G5_v082707.pps Please share the information, as appropriate, with others at your school/organization. As explained in the overview, G5 online training will be available in October 2007. We will inform you of the availability of the online training and other training opportunities in forthcoming communications. In addition, we will inform you of the service outage that will be necessary when Phase 1 is implemented. Thank you for continuing to work with us as the Department implements G5. If you have any questions about the status and/or implementation of G5, contact the GAPS hotline at 888/336-8930 or e-mail G5_Admin@ed.gov (G5_Admin@ed.gov). |