Posted Date:January 23, 2009
Author: William Leith, Service Director, Program Management, Federal Student Aid
Subject: Tentative 2009-2010 Funding Levels for the Campus-Based Programs
The school's tentative funding levels and corresponding worksheets for the Federal Perkins Loan (Perkins Loan), Federal Work-Study (FWS), and/or Federal Supplemental Educational Opportunity Grant (FSEOG) programs for the award period July 1, 2009 through June 30, 2010 will be posted to the eCampus-Based (eCB) Web site by February 1, 2009. These tentative funding levels are determined in accordance with the Higher Education Act of 1965, as amended (HEA), and the regulations for the Campus-Based programs.
The Department is currently operating under a Continuing Resolution through March 6, 2009. Since, as of the drafting of this announcement, no appropriations have been signed into law for Fiscal Year 2009, we have based the 2009-2010 Award Year Tentative Award funding levels on the amounts contained in the Department's Fiscal Year 2008 appropriations legislation. Some portion of those amounts has been held in reserve to accommodate adjustments. The 2009-2010 Final Award allocations may be delayed or revised depending upon the outcome of the appropriations process.
Attached to this announcement is an explanation of the calculation of each tentative funding level contained in the worksheet for each program. We will notify the school by e-mail when its tentative funding levels and worksheets are available on the eCB Web site. We will send this e-mail to the school's Financial Aid Administrator, as provided in the school's most recently submitted Fiscal Operations Report and Application to Participate (FISAP) or as updated via the "Contact Info" page on the eCB Web site.
To access the school's worksheets, log in to the eCB Web site, select the "Self-Service" link from the top navigation bar, and scroll to the "Campus-Based Notifications for All Available Award Years" section. Then, scroll to the "Tentative Funding Levels" bullet and select the "2009-2010" link next to it. Please review the school's worksheets carefully.
Final awards for the 2009-2010 Award Year will be posted to the eCB Web site by April 1, 2009, provided there is an enacted Fiscal Year 2009 appropriation.
Reductions In Allocation Funding Levels Due To Prior Year Underuse
In accordance with sections 413D(d)(2), 442(d)(2), and 462(i)(4) of the HEA, if a school returns more than 10 percent of its Perkins Loan, FWS, or FSEOG allocation, respectively, for an award year, the allocation for the second succeeding award year for that program is reduced by the dollar amount returned from the earlier year. A school can determine if its 2009-2010 funding level was reduced because of the underuse of 2007-2008 funding by reviewing the worksheet lines labeled "Under Used Percentage" and "Allocation Reduction." The law also provides that the Secretary can waive the underuse penalty for a school if its enforcement would be contrary to the interests of the affected Campus-Based program. A request for a waiver of any 2009-2010 Award Year penalty for the underuse of 2007-2008 Award Year funds should be submitted to the Department of Education (the Department) using the eCB Web site's FISAP process (Part II, Section C and the Additional Information screens). Requests must be submitted no later than February 13, 2009.
Additional Locations Not Eligible As Of October 1, 2008 Must Be Eligible By March 1, 2009
Schools were permitted to include data in the Fiscal Operations Report for 2007-2008 and the Application to Participate for 2009-2010 for students enrolled in additional locations that had not yet received eligibility determinations by the October 1, 2008 FISAP submission date. If a school does not receive an eligibility letter and Program Participation Agreement from the Department by March 1, 2009 for the newly listed locations, it must submit revised FISAP data using the eCB Web site no later than March 7, 2009. The school's revision must remove all data pertaining to students enrolled at the ineligible locations.
Please review the 2009-2010 tentative funding worksheets carefully. For additional information about tentative funding levels, contact the Campus-Based Call Center, at 877/801-7168. Customer service representatives are available Monday through Friday 8:00 A.M - 8:00 P.M. (ET). You may also e-mail CBFOB@ed.gov.