Posted Date:November 24, 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 earlier announcements 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 December 12-14, 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 December 14, 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, December 12, 2014. Records submitted after this time will be held and processed after 3:00 P.M. (ET) on Sunday, December 14, 2014.
Note: All actual disbursements with a disbursement date from December 12, 2014 through December 14, 2014 must be received by the COD System no later than 9:00 AM (ET) on Friday, December 12, 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 December 14, 2014 will be processed and funded after the outage.
In addition, between 8:00 P.M. (ET) on Friday, December 12, 2014 and 3:00 P.M. (ET) on Sunday, December 14, 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 December 14, 2014
In the attachment listed below, we provide important information about the COD System functionality we will implement during the December 12-14, 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.
If you have questions about this announcement or its attachment, 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.