Posted Date:March 28, 2016
| Author: | Sue O'Flaherty, Service Director, Program Management, Federal Student Aid |
Subject: 2016-2017 Final Funding Authorizations for the Campus-Based Programs
In a January 20, 2016 Electronic Announcement, we informed institutions of tentative 2016-2017 funding levels for the Campus-Based programs. We now announce that final 2016-2017 Campus-Based programs funding worksheets and the 2016-2017 Statement of Account for each of the Campus-Based programs will be posted to the eCampus-Based (eCB) Web site by April 1, 2016.
A school's 2016-2017 final funding authorization for each of the Campus-Based programs is based on the applicable statutory formula and on the amount of funds appropriated by Congress for that program. A school will not receive a 2016-2017 final funding authorization amount for a Campus-Based program that is in excess of its request for funds made for that program on the Fiscal Operations Report for 2014-2015 and Application to Participate for 2016-2017 (FISAP) that the school previously submitted to the Department of Education (the Department).
The Consolidated Appropriations Act, 2016 (Pub. L. 114-113) was enacted on December 18, 2015. It appropriated funds for the Federal Work-Study (FWS) and Federal Supplemental Educational Opportunity Grant (FSEOG) programs to be allocated to schools for the 2016-2017 Award Year. Note that no funds were appropriated for the Federal Perkins Loan (Perkins Loan) Program.
The total 2016-2017 Federal funds available for allocation to schools under the FWS, FSEOG, and Perkins Loan programs are as follows:
| Program | Total Federal Funds Available for Allocation to Schools |
| FWS | $ 989,728,000 |
| FSEOG | $ 733,130,000 |
| Perkins Loan | $ 0 |
How the Campus-Based Awards for a School are Determined
A school's final funding level for each of the Campus-Based programs is determined in accordance with provisions of the Higher Education Act of 1965, as amended (HEA), and by the implementing regulations at 34 CFR Part 673. The final funding worksheets posted on the eCB Web site will show the information that was used in the calculation of each of the school's 2016-2017 Campus-Based allocations.
Returning more than 10 percent of the 2014-2015 Allocation for one of the Campus-Based Programs Affects a School's 2016-2017 Allocation
As required by the HEA, unless a waiver had been granted, if a school returns more than 10 percent of its Perkins Loan, FWS, or FSEOG program allocation for an award year, the school's allocation for that program in the second succeeding award year will be reduced by the amount returned. Thus, underutilization of 2014-2015 funds could impact a school's allocation of 2016-2017 funds.
We accepted requests for a waiver of any 2016-2017 Award Year penalty for the underuse of 2014-2015 Award Year funds with the initial submission of the FISAP or with any FISAP edit submissions received through the February 8, 2016 waiver request deadline. We reviewed the waiver requests received, notified the financial aid administrators at the requesting schools of our decisions, and posted the decision letters to the eCB Web site. Any school that underutilized its 2014-2015 allocation by more than 10 percent and did not receive approval of a waiver request will see an adjustment in the applicable final funding worksheet on the line labeled "Allocation Reduction."
Notification of 2016-2017 Campus-Based Allocations
In addition to this Electronic Announcement, individual schools will be notified by e-mail that the 2016-2017 Campus-Based allocation information has been posted to the eCB Web site. We will send this e-mail to each 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. This e-mail will advise the school that it can access its 2016-2017 Campus-Based allocation information as follows:
Statement of Account: Awards for each Campus-Based program in which the school participates will be reflected in the school's 2016-2017 Statement of Account on the eCB Web site. To access the Statement of Account:
- 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 "Statement of Account" bullet
- Select the "2016-2017" link
Final Funding Worksheets: Final funding worksheets for each Campus-Based program in which the school participates will be posted on the eCB Web site. To access the final funding worksheets:
- Log in to the eCB Web site
- Select the "Self-Service" link from the top navigation
- Scroll to the "Campus-Based Notifications for All Available Award Years" section
- Scroll to the "Final Awards" bullet
- Select the "2016-2017" link
Attached to this announcement is an explanation of the calculation of the final funding authorization contained in the worksheet for each program.
Reallocation of Additional Campus-Based Funds for the 2016-2017 Award Year
All of the Campus-Based funds available for the 2016-2017 Award Year have been allocated in this final Campus-Based allocation process. However, some schools may qualify for supplemental 2016-2017 Campus-Based funds based upon a reallocation of funds not spent by institutions from 2015-2016 allocations. Specific information on the reallocation process and the electronic application for requesting additional funds will be provided in subsequent communications.
"Total Authorized Level of Expenditure" or "LOE" for the Federal Perkins Loan Program
Even though there is no new federal capital contribution for the 2016-2017 Award Year, the Level of Expenditure (LOE) amount shown on a school's Statement of Account and Perkins Loan final funding worksheet represents the maximum amount the school is authorized to expend from its Perkins Loan fund for the 2016-2017 Award Year. If the school wants to request an increase in its LOE, it must contact the School Participation Division at the Department’s regional office that serves the state in which the school is located. School Participation Division Contact Information is available on the Information for Financial Aid Professionals (IFAP) Web site.
Contact Information
For additional information about 2016-2017 Campus-Based allocations, 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.