Posted Date: September 10, 2018
|Author:||Federal Student Aid|
Subject: Pell Grant and Iraq and Afghanistan Service Grant 2017–18 Award Year Processing Deadline
The Federal Pell Grant (Pell Grant) Program regulations at 34 CFR 690.83(a) establishes the deadline by which a school must submit student payment data each award year. The data must be submitted to the Department of Education (the Department) by September 28th following the end of the award year in which the Pell Grant or Iraq and Afghanistan Service Grant is made.
As required by regulations, and consistent with the “Deadline Dates for Reports and Other Records for the 2017–18 Award Year” the final deadline for electronically transmitting Pell Grant and Iraq and Afghanistan Service Grant records for the 2017–18 Award Year to the Common Origination and Disbursement (COD) System is Friday, September 28, 2018. The notice was originally published in the Federal Register on June 27, 2017.
Although the final processing deadline for the 2017–18 Pell Grant and Iraq and Afghanistan Service Grant awards is September 28, 2018, existing regulations for drawing/returning funds and reporting disbursements supersede this deadline. By meeting these regulatory requirements, a school should be able to fully reconcile to a zero Cash > Net Accepted and Posted Disbursements (NAPD) balance (Net Drawdowns = NAPD) shortly after making final disbursements for the award year, rather than waiting for the September 28, 2018 final processing deadline.
Schools participating in the Pell Grant Program are also able to officially confirm closeout via the School Balance Confirmation page on the COD Web Site.
September 28, 2018 is also the final deadline for funds availability for the 2012–13 Pell Grant Award Year. After that time, schools will be unable to draw down or adjust further funds via G5 (although refunds of cash will still be accepted), and the COD System will be closed to any further award or disbursement processing for that award year. As such, schools must complete all final reconciliation activities well before this final deadline and in accordance with disbursement reporting timelines and the data submission deadline defined above.
As noted in the other announcements, all actual disbursements with a disbursement date from September 28, 2018 through October 1, 2018 must be received by the COD System no later than 8 a.m. Eastern time (ET) on Friday, September 28, 2018, and subsequently accepted by the COD System, in order to generate the appropriate funding level increase prior to the G5 shutdown. The COD System will continue accepting 2017–18 Pell Grant and Iraq and Afghanistan Service Grant award and disbursement data through the September 28, 2018 grant deadline. However, accepted disbursements will not result in funding increases in G5 if received after the 8 a.m. ET deadline on Friday, September 28, 2018. These disbursements will be funded once G5 re-opens on October 1, 2018.
In an attachment to this announcement titled “Pell Grant and Iraq and Afghanistan Service Grant 2017–18 Award Year Processing Deadline,” we provide comprehensive information related to the Pell Grant and Iraq and Afghanistan Service Grant 2017–18 Award Year processing deadline.
If you have questions about this announcement or attachment, contact the COD School Relations Center at 1-800-848-0978. You may also email CODSupport@ed.gov.
If you have questions about using EDExpress to run a comparison between an YTD Record and your school’s database, contact CPS/SAIG Technical Support at 1-800-330-5947 or by email at CPSSAIG@ed.gov.
Publication Date: 9/11/2018