Posted Date:January 6, 2014
|Author:||Sue O'Flaherty, Service Director, Program Management, Federal Student Aid|
Subject: Tentative 2014-2015 Funding Levels for the Campus-Based Programs (Updated January 31, 2014)
Note: This Electronic Announcement was updated on January 31, 2014 to update the appropriations amounts. The information in the 2nd paragraph of the original announcement below should be replaced with the following information:
On January 17, 2014, President Obama signed the Consolidated Appropriations Act, 2014 (Pub. L. 113-76), that appropriated $974,728,000 for the Federal Work-Study (FWS) Program and $733,130,000 for the Federal Supplemental Educational Opportunity Grant (FSEOG) Program for the 2014-2015 Award Year. Pub. L. 113-76 did not include an appropriation for the Federal Perkins Loan (Perkins Loan) Program.
Tentative funding levels and corresponding worksheets for the Campus-Based Programs for the 2014-2015 Award Year (July 1, 2014 through June 30, 2015) will be posted to the eCampus-Based (eCB) Web site by January 31, 2014. These tentative funding levels are determined in accordance with the Higher Education Act of 1965, as amended (HEA).
As of the date of this announcement, appropriations for the 2014-2015 Campus-Based Programs have not been determined. Thus, we have based the 2014-2015 Award Year Campus-Based tentative award funding levels on the amounts contained in the 2013-2014 Award Year appropriations. The 2014-2015 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 the tentative funding level in the worksheet for each of the Campus-Based Programs.
We will notify schools by e-mail when tentative funding levels and worksheets are available on the eCB Web site. We will send these e-mails 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 worksheets:
- Log in to the eCB Web site
- Select the "Self-Service" link from the top navigation bar
- Scroll to the "Campus-Based Notifications for All Available Award Years" section
- Scroll to the "Tentative Funding Levels" bullet
- Select the "2014-2015" link
Please review the school's worksheets carefully and immediately notify the Campus-Based Call Center at the number below if data in the worksheets are not correct.
We expect that final awards for the 2014-2015 Award Year will be posted to the eCB Web site by April 1, 2014.
Reductions in Allocation Funding Levels due to Prior Year Underuse
In accordance with sections 413(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 2014-2015 funding level was reduced because of the underuse of 2012-2013 funding by reviewing the worksheet lines labeled "Under Used Percentage" and "Allocation Reduction."
The HEA 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 2014-2015 Award Year penalty for the underuse of 2012-2013 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 12:00 midnight (Eastern Time) February 7, 2014.
Additional Locations Not Eligible as of October 1, 2013 Must Be Eligible by March 3, 2014
Schools were permitted to include data in the application portion of the FISAP for students enrolled in additional locations that had not yet received eligibility determinations by the October 1, 2013 FISAP submission date. If a school does not receive an eligibility letter and Program Participation Agreement from the Department by March 3, 2014 for the newly listed locations, it must submit revised FISAP data using the eCB Web site no later than March 7, 2014. The school's revision must remove all data pertaining to students enrolled at the ineligible locations.
Please review the 2014-2015 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.