Publication Date: November 7, 2007
Author: William Leith, Acting General Manager, Application, Operations and Delivery Services, Federal Student Aid
Summary: G5 Implementation Update #3 - Phase 1 Implementation Planned for December 17, 2007 with Impact on Funds Availability
Posted on 11-07-2007
This is the third 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.
G5 Phase I Implementation Date and Online Training
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 planned for December 17, 2007. This date for Phase I implementation supersedes all preliminary implementation information provided by the Department at earlier points in time.
The Department has posted the December 17, 2007 implementation date as well as an updated "G5 Phase 1 Implementation Overview" presentation on the GAPS e-Payments Web site. In addition, G5 online training is now available at the following URL:
G5 Phase I Implementation Impact on Funds Availability
The service outage associated with the December 17, 2007 G5 Phase 1 implementation 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 as follows:
Note: The new G5 Web site will be available after 6:00 A.M. (ET) on Monday, December 17, 2007. We expect financial processing to be caught up by Thursday, December 20, 2007.
Please share this information, as appropriate, with others at your school/organization.
Thank you for continuing to work with us as the Department implements G5. If you have any questions about the December 17, 2007 G5 Phase I implementation and/or the online training, contact the GAPS hotline at 888/336-8930 or e-mail G5admin@ed.gov.