Posted Date:February 27, 2015
|Author:||Sue O'Flaherty, Service Director, Program Management, Federal Student Aid|
Subject: Direct PLUS Loan Changes - COD System Changes for PLUS Counseling to be Implemented March 27-29, 2015
During the period of March 27-29, 2015, we plan to implement Common Origination and Disbursement (COD) System functionality that supports the processing of Federal Pell Grant (Pell Grant), Iraq and Afghanistan Service Grant, Teacher Education Assistance for College and Higher Education (TEACH) Grant, and William D. Ford Federal Direct Loan (Direct Loan) awards for the 2015-2016 Award Year. With the implementation, we will make system updates as a result of the changes to the Direct PLUS Loan adverse credit history provisions.
This is the second in a series of announcements that will provide operational information about the changes to the Direct PLUS Loan adverse credit history provisions. In two attachments to this announcement, we highlight the COD System changes we will make specific to the new mandatory PLUS Counseling for parent and graduate/professional student Direct PLUS Loan applicants who are determined to have an adverse credit history, but qualify for a Direct PLUS Loan by obtaining an endorser or documenting extenuating circumstances.
As a reminder, information about other COD System changes that will be implemented during the March 27-29, 2015 period will be posted in a forthcoming Electronic Announcement on the Information for Financial Aid Professionals (IFAP) Web site.
More information about 2015-2016 processing is also available in the 2015-2016 COD Technical Reference.
If you have additional questions about the COD System implementation or the system changes explained in the attachments, contact the COD School Relations Center at 800/848-0978. You may also e-mail CODSupport@ed.gov.