Posted Date:October 18, 2016
|Author:||Sue O'Flaherty, Service Director, Program Management, Federal Student Aid|
Subject: 150% Direct Subsidized Loan Limit: Electronic Announcement #23 - COD System Changes for 150% Direct Subsidized Loan Limit to be Implemented on October 28-30, 2016
During the period October 28-30, 2016, 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 2016-2017 Award Year.
In an attachment to this announcement, we highlight the COD System changes specific to the 150% Direct Subsidized Loan Limit. The changes are being made to improve processing and the accuracy of 150% Subsidized Loan Limit calculations. Information about other COD System changes that will be implemented during the October 28-30, 2016 period is posted in a separate Electronic Announcement on the Information for Financial Aid Professionals (IFAP) website.
More information about 2016-2017 processing is also available in the 2016-2017 COD Technical Reference.
If you have additional questions about the COD System implementation or the system changes explained in the attachment, contact the COD School Relations Center at 800/848-0978. You may also email CODSupport@ed.gov.