Financial Aid For Technical Staff

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Session 43

• Financial Aid For Technical Staff
• Wood Mason

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Session 43

• Al Beeouttahere

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But First
Its Picture Time!
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(No Transcript)
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Session 43

• Send 50 cash to
• Al Beeouttahere
• 555 East West Ave
• Algernona, GA 67890

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In a Nutshell

• Student applies
• ED calculates EFC
• School determines aid offered

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History

• Harvard University
• May 9, 1643
• Lady Ann Radcliffe Mowlson endowed Harvards
  first scholarship fund
• 1840
• Harvards first loan program

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History

• Peabody Education Fund
• 1867
• 2 million dollars over 30 years

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History

• 1867
• U.S. Department of Education
• 1979
• cabinet level post

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History

• National Youth Administration
• 1935
• FDR New Deal program
• can you say Tech School?

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History

• 1944 - Servicemans Readjustment Act
• 1952 - Veterans Readjustment Assistance Act

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History

• 1950s
• Natl Defense Education Act of 1958
• Natl Defense Student Loan Program (morphed into
  Perkins Loan Program)

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History

• Higher Education Act of 1965
• Guaranteed Student Loan Program
• Educational Opportunity Grant

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History

• Higher Education Reconciliation Act of 2005
• ACG/National SMART awards
• GRAD/Professional Student PLUS borrowers

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Application

• FAFSA
• Free Application for Federal Student Aid

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Application
Students
Schools
Central Processing System (CPS)
SAIG
EFC Calc
DB Matches
NOTE All COD interfaces routed through EAI
except DCS.
FOTW FAFSA on the web
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Application

• Aid Eligibility/Determination
• CPS
• Central Processing System
• EFC
• Expected Family Contribution

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Awarding

• COA (Cost of Attendance)
• EFC

NEED
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Awarding

• Grants
• Pell Grant
• ACG (Academic Competitiveness Grant)
• National SMART Grant (National Science and
  Mathematics Access to Retain Talent Grant)

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Awarding

• Campus Based Programs
• FSEOG
• Federal Supplemental Educational Opportunity
  Grant
• FWS
• Federal-Work Study Program
• Perkins Loan Program

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Awarding

• Loan Programs
• William D. Ford Federal Student Direct Loan
  Program
• Federal Family Education Loan Program
• alternative loans

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Awarding

• School Aid
• scholarships
• grants

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The COD Boogie
Debt Collection Services (DCS)
Central Processing System (CPS)
Student Data Storage (NSLDS)
Post Secondary Education Participant System (PEPS)
School Eligibility Data
Student Applicant Data
Student Pell Payment Data
Student Level Direct Loan Data
Student Level Grant Data
ACG, SMART, Direct Loan and Pell Origination,
Change and Disbursement data
Common Origination Disbursement (COD)
Schools
Loan Servicing System(DLSS)
SAIG
Transaction Processing
Web
Reports
Loan Bookings Disbursements
Customer Service Center
Applicant Services
Batch and web-generated Responses
Funding Transactions Payment Transactions
FMSS / GAPS
Payment Transactions
Financial Mgt System (FMS)
Drawdowns
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(No Transcript)
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The COD Boogie
Central Processing System (CPS)
Student Data Storage (NSLDS)
ACG, SMART, Direct Loan and Pell Origination,
Change and Disbursement data
Common Origination Disbursement (COD)
Schools
SAIG
Transaction Processing
Web
Reports
Customer Service Center
Applicant Services
Drawdowns
Batch and web generated Responses
GAPS
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Processing COD

• Common Origination Disbursement (COD)
• Pell
• ACG
• National SMART Grant
• Direct Loans

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Processing - COD

• Common Record
• Response

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The Award Year

• July 1, 2007 June 30, 2008
• applications
• awarding

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The Award Year

• Summer term
• program year closeout for loans (prior award
  year)
• applications
• awarding
• header/trailer

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The Award Year

• Fall PEAK
• traditionally chaotic
• registration and start
• Grant year-end reconciliation and closeout

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The Award Year

• Spring PEAK
• registration and start of classes
• transfers
• grant global jobs
• applications/awarding for NEXT award year

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Blessed are those that survive PEAK!
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The Next Award Year

• Program changes
• rules
• regulations
• requirements
• edits
• dollars and data

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The Next Award Year

• IT changes
• all of it...
• CPS
• COD
• any other system that touches your school

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Talkin the talk

• COD Tech Ref
• glossary
• IFAP.ed.gov
• Information for Student Aid Professionals

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Talkin the talk

• ACA
• Administrative Cost Allowance
• POP
• Potential Overaward Process
• MRR
• Multiple Reporting Record

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Talkin the talk

• SRC
• School Relations Center
• COD customer service center in Niagara Falls, NY
• CSR
• Customer service representative

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Talkin the talk...

• GAPS
• Grants Administration and Payment System
• from whence all moneys come
• funding method
• Advance Pay
• Pushed Cash

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Talkin the talk...

• NSLDS
• National Student Loan Database System
• FAA Access Online

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Talkin the talk...

• CPS
• Central Processing System
• SAIG
• Student Aid Internet Gateway

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The Care Feeding of your FA Colleagues

• Could you use a little more scheduled time on
  the box, or maybe some additional bandwidth for
  transmitting

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The Care Feeding of Your FA Colleagues

• Enrolled your transfer students in NSLDS
  transfer monitoring and alert activity? Id hate
  to see you spend precious time dealing with a
  POPd student during Spring Peak

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The Care Feeding of Your FA Colleagues

• And finally...

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The Care Feeding of Your FA Colleagues

• Silly computer system! Really, its not your
  fault. Ill get the back-up CD and youll be up
  and running in no time

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(No Transcript)
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Questions?

• I appreciate your feedback and comments. I can
  be reached at
• Name Wood Mason
• Phone [phone]
• Email wood.mason_at_ed.gov