Posted Date:June 20, 2014
|Author:||Sue O'Flaherty, Service Director, Program Management, Federal Student Aid|
Subject: Additional COD System Implementation for 2014-2015 Award Year
As explained in an April 2, 2014 Electronic Announcement on the Information for Financial Aid Professionals (IFAP) Web site, we implemented Common Origination and Disbursement (COD) System functionality to support 2014-2015 Award Year Processing. During the period June 27-29, 2014, we plan to implement additional COD System functionality for the 2014-2015 Award Year.
In this announcement, we provide the following important information related to the implementation:
- COD Batch Processing Suspension and Web Site Outage Information
- COD System Functionality Updates Effective June 29, 2014
- Contact Information
We appreciate your patience and understanding as we complete this important activity.
COD Batch Processing Suspension and Web Site Outage Information
To install the additional COD System functionality, we will suspend COD batch processing beginning at 8:00 P.M. (ET) on Friday, June 27, 2014. Records submitted after this time will be held and processed after 11:00 A.M. (ET) on Sunday, June 29, 2014.
Note: All actual disbursements with a disbursement date from June 27, 2014 through June 29, 2014 must be received by the COD System no later than 9:00 AM (ET) on Friday, June 27, 2014, and subsequently accepted by the COD System, in order to generate the appropriate funding level increase prior to the outage. Disbursements submitted by the deadline but not subsequently accepted, disbursements submitted after the deadline, and disbursements with a disbursement date after June 29, 2014 will be processed and funded after the outage.
In addition, between 8:00 P.M. (ET) on Friday, June 27, 2014 and 11:00 A.M. (ET) on Sunday, June 29, 2014—
Users will not be able to submit or retrieve data via the COD Web site.
Users will not be able to access the COD Reports area of the COD Web site.
An individual will not be able to complete any actions or view loan correspondence via the StudentLoans.gov Web site.
An individual will not be able to complete any actions via the TEACH Grant Web site.
COD System Functionality Updates Effective June 29, 2014
In the attachments listed below, we provide important information about the COD System functionality we will implement during June 27-29, 2014 period.
Additional COD System Processing Function Enhancements and Modifications for 2014-2015 Award Year – We highlight the processing function enhancements and modifications planned for the implementation.
COD Web Site Changes – New Communications Page – We provide more detailed information about the new communications page on the COD Web site.
If you have questions about this announcement or its attachments, contact the COD School Relations Center at 800/474-7268 for Grants or 800/848-0978 for Direct Loans. You may also e-mail CODSupport@ed.gov.