Posted Date: January 27, 2009
Author: William Leith, Service Director, Program Management, Federal Student Aid
Subject: 2008-2009 Pell Grant CFL Reduction to NAPD Warning Message
At this time, the majority of Federal Pell Grant (Pell Grant) funds for the first payment period of the 2008-2009 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 2008-2009 Award Year should have already been submitted to the Common Origination and Disbursement (COD) System for processing.
2008-2009 Pell Grant CFL Reduction to NAPD Warning Message Sent on January 26, 2009
On January 26, 2009, we sent a message to schools that have a Pell Grant Current Funding Level (CFL) for the 2008-2009 Award Year that is greater than their Net Accepted and Posted Disbursements (NAPD). The message warns an affected school that its 2008-2009 Pell Grant CFL will be reduced to the NAPD if the CFL is still greater than the NAPD on February 11, 2009. After the reduction, schools that have drawn down funds in G5 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 26, 2009 warning message to an affected school's Student Aid Internet Gateway (SAIG) mailbox in the message class PGTX09OP. A school that receives the warning message should review its internal records and submit all outstanding Pell Grant disbursements for the 2008-2009 Award Year to the COD System as soon as possible but before February 11, 2009.
We appreciate your cooperation in submitting any applicable outstanding 2008-2009 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 800/474-7268). You may also e-mail CODSupport@acs-inc.com.