Posted Date: May 29, 2009
Author: William Leith, Service Director, Program Management, Federal Student Aid
Subject: TEACH Grant Closeout Information for 2008-2009 Award Year
As we approach the end of the award year, it is time to begin our process of closeout for the 2008-2009 Teacher Education Assistance for College and Higher Education (TEACH) Grant Award Year. As this process may be new to many schools, this announcement and its attachments will provide initial operational guidance about what closeout means and the tools a school can use to complete it.
The TEACH Grant closeout deadline for the 2008-2009 Award Year is Wednesday, September 30, 2009. This is the last processing day of the award year, so all school data must be received and accepted by this date in order to be included in a school's final Ending Cash Balance for the year. To be considered successfully closed out, the school must-
- Have an Ending Cash Balance of $0 and Total Net Unbooked Disbursements of $0, as reflected on the TEACH Grant School Account Statement (SAS).
Explanation of Attachments
To assist schools in preparing for the TEACH Grant closeout process, we provide additional closeout information in two attachments to this announcement.
The attachment titled "2008-2009 TEACH Grant Closeout Guidance" provides information about Balance Notification e-mails and tools a school can use to complete TEACH Grant closeout.
The attachment titled "Process for Formatting and Printing the TEACH Grant SAS" provides guidance for a school that currently does not have the technical support to work with the Comma-Delimited with Headers format of the TEACH Grant SAS.
We appreciate your cooperation as we work to close out the 2008-2009 TEACH Grant Award Year. If you have questions about this announcement or its attachments or need assistance with closeout, contact the COD School Relations Center at 800/474-7268. You may also e-mail CODSupport@acs-inc.com.