Posted Date:June 29, 2017
|Author:||John Kane, Acting Service Director, Program Management, Federal Student Aid|
Subject: 150% Direct Subsidized Loan Limit: Electronic Announcement #24 - COD System Changes for 150% Direct Subsidized Loan Limit to be Implemented on July 14-16, 2017
During the period July 14-16, 2017, 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.
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 July 14-16, 2017 period is posted in a separate Electronic Announcement on the Information for Financial Aid Professionals (IFAP) website.
More information about COD System processing is also available in the 2017-2018 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.