Publication Date: January 29, 2008
Author: William Leith, Acting General Manager, Application, Operations and Delivery Services, Federal Student Aid
Summary: 2007-2008 Pell Grant CFL Reduction to NAPD Warning Message
Posted on 01-29-2008
At this time, the majority of Federal Pell Grant (Pell Grant) funds for the first payment period of the 2007-2008 Award Year should have been disbursed to students. In general, schools are to submit Pell Grant 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 payment period of the 2007-2008 Award Year should have already been submitted to the Common Origination and Disbursement (COD) System for processing.
2007-2008 Pell Grant CFL Reduction to NAPD Warning Message Sent on January 28, 2008
On January 28, 2008, we sent a message to schools that have a Pell Grant Current Funding Level (CFL) for the 2007-2008 Award Year that is greater than their Net Accepted and Posted Disbursements (NAPD). The message warns an affected school that its 2007-2008 Pell Grant CFL will be reduced to the NAPD if the CFL is still greater than the NAPD on February 13, 2008. After the reduction, schools that have drawn down funds in the G5 System 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 January 28, 2008 warning message to an affected school's Student Aid Internet Gateway (SAIG) mailbox in the message class PGTX08OP. A school that receives the warning message should review its internal records and submit all outstanding Pell Grant disbursements for the 2007-2008 Award Year to the COD System as soon as possible but before February 13, 2008.
We appreciate your cooperation in submitting any applicable outstanding 2007-2008 Pell Grant 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.