Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

(Campus-Based) Subject: 2010-2011 Campus-Based Awards Closeout

Posted Date:April 26, 2012

Author: William Leith, Service Director, Program Management, Federal Student Aid

Subject: 2010-2011 Campus-Based Awards Closeout

We have completed the closeout of all 2010-2011 awards for the Campus-Based programs based on the official reporting in a school's Fiscal Operations Report section of the Fiscal Operations Report for 2010-2011 and Application to Participate for 2012-2013 (FISAP).

The following items explain the 2010-2011 awards closeout for the Campus-Based programs and provide important information regarding the notification process.

2010-2011 Awards Closeout for the Campus-Based Programs

The 2010-2011 awards closeout for the Campus-Based programs involves reconciling a school's authorized award for each program with the amount reported as expended for that program on the school's 2010-2011 Fiscal Operations Report. For example, if a school's Federal Work-Study (FWS) authorized amount was $50,000 and the school reported an expended amount of $40,000, the school's award will be closed out at the expended amount of $40,000. If the school has a different amount in G5, we have assumed that the correct amount of expenditures are the amounts certified by the Chief Executive Officer in Part I, Section B of the FISAP.

Adjusting an Incorrect 2010-2011 FISAP Expenditure Report

As announced in the "Notice of the 2011-2012 Award Year Deadline Dates for the Campus-Based Programs," published in the Federal Register on February 2, 2011 (76 FR 5787), the deadline for making corrections to FISAP data and edit errors was Thursday, December 15, 2011. However, under limited circumstances, and with sufficient justification and our advance approval, a school may correct its 2010-2011 Fiscal Operations Report via the eCampus-Based (eCB Web site). Requests to make a correction should be made within 5 business days of this posting.

Post-Deadline FISAP Correction Process

  1. A school initiates a request by entering the correction, saving it, and clicking "Submit."
  2. Because the online application does not allow changes to the FISAP after the regulatory deadline, any correction made after the deadline is considered a "Request." The school must enter a description, the circumstances, and a justification for the correction.
  3. The data is saved as a "Working Copy" of the FISAP. The correction is not considered accepted.
  4. Department staff review the correction and either allow or deny it.
  5. The school is notified of the decision via e-mail. If the correction is allowed, the school is instructed to access the FISAP, ensure its correction has been saved, and then click "Submit." At this point, the correction is accepted.

Closeout Amount in G5 and on G5 Reports

The closeout amount will appear in G5 as the authorized amount for the 2010-2011 Award Year. If a school's fiscal office drew down more money than was reported as expended in its 2010-2011 Fiscal Operations Report, a negative amount will appear in the “available balance” line in G5 and on reports generated out of G5. If a school’s fiscal office drew down less money than was reported as expended in its 2010-2011 Fiscal Operations Report, the difference will be deobligated and unavailable for drawdown.

Important Note about Negative Balances: If a school has a negative balance in G5, the school's business office needs to refund the amount of the negative balance. If the school’s business office has made the refund but posted it to the wrong program, that office must make a drawdown from the program in which the incorrect refund was posted and then return the funds to the correct program.

For assistance in making refunds or drawdowns, contact the G5 Hotline at 888/336-8930. Customer Service Representatives are available Monday through Friday from 8:00 A.M. to 6:00 P.M. (ET).

Closeout Amounts Determination Process

Closeout amounts were determined as follows:

For the Federal Supplemental Educational Opportunity Grant (FSEOG) Program, the amount was determined by subtracting the expended 2010-2011 FSEOG authorization amount (Part IV, Line 17 of a school's FISAP) from the school's current 2010-2011 FSEOG award authorization amount. The school's final 2010-2011 FSEOG award amount is now equal to the expended FSEOG authorization amount (Part IV, Line 17 of the school’s FISAP).

For the FWS Program, the amount was determined by subtracting the expended 2010-2011 FWS authorization amount (Part V, Line 18 of a school’s FISAP) from the school's current 2010 -2011 FWS award authorization amount. The final 2010-2011 FWS award amount is now equal to the expended FWS authorization amount (Part V, Line 18 of the school’s FISAP).

Note: If a school did not submit a FISAP reporting 2010-2011 expenditures, the school's authorizations were reduced to a zero dollar amount ($0.00).

Notification of Award Decrease

If a decrease was applied to any 2010-2011 Campus-Based awards through this closeout process, we will notify the school by e-mail. In this e-mail, we will inform the school that the award decrease is reflected in the Statement of Account posted 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 FISAP or as updated via the “Contact Info” page on the eCB Web site.

To access the Statement of Account following receipt of this e-mail, 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 “Statement of Account” bullet and select the “2010-2011” link next to it.

Contact Information

For additional information about or assistance related to the 2010-2011 awards closeout for the Campus-Based programs, contact the Campus-Based Call Center at 877/801-7168. Customer service representatives are available Monday through Friday from 8:00 A.M. until 8:00 P.M. (ET). You may also e-mail CBFOB@ed.gov.

Last Modified: 04/25/2012