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ED’s Electronic Announcements (EAs) on IFAP: PROCESSING FOR 2014-2015

April 24, 2014
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EA – Posted January 16, 2014 – (Campus-Based).  Deadline Date Notice for 2014-2015 Campus-Based Programs

ED notifies the financial aid community of the applicable deadline dates that occur during the 2014-2015 award year that relate to the Federal SEOG, Federal Work-Study, and Federal Perkins Loan programs (more commonly referred to as the Campus-Based aid programs).  It is important to note that the deadlines are applicable to more than one award year.  That is, although the deadline may occur in the 2014-2015 award year, the deadline may actually be applicable to a prior or future award year.  For example, the 2013-2014 Fiscal Operations Report and the 2015-2016 Application to Participate (together called the FISAP) have a deadline of October 1, 2014.  This particular Electronic Announcement actually refers the reader to the January 15, 2014 Federal Register where ED published the official notice of the deadlines.  That Federal Register contains a useful chart for being able to see at a quick glance all applicable deadline dates for the Campus-Based programs during the 2014-2015 award year.  The Federal Register may be viewed here.

EA – Posted March 28, 2014 – (Application Processing).  2014-2015 SAR Comment Codes and Text Guide (March 2014 Update)

The 2014-2015 SAR Comment Codes and Text Guide is an extremely useful tool of which schools should be mindful.   The Guide includes a description of changes to the SAR comments for 2014-2015 and gives the complete text for all 2014-2015 comments.  This resource may also be used as a companion to the 2014-2015 EDE Technical Reference which was posted on IFAP on October 23, 2013.

In this update to the Guide, ED increments the award years referenced in the “Action Needed” column for comment codes 359 and 360 to 2011-2012, 2012-2013, and 2013-2014.  It is important to note that the text in the “Action Needed” column for comments 359 and 360 refers readers to the Dear Colleague Letter (DCL) GEN-13-09 for additional information.  When one reviews that DCL, it is noted that it refers to the years appropriate for the 2013-2014 award cycle (which included 2010-2011, 2011-2012, and 2012-2013).  Schools should instead keep in mind that the award years that are applicable for resolving these comment codes for the 2014-2015 award cycle are 2011-2012, 2012-2013, and 2013-2014.

 

Click here for access to ED’s Electronic Announcements (EAs) on IFAP

The information provided to you is FAME’s opinion based upon our interpretation of the issues and details provided, and our interpretation of the Title IV regulations, legislation, and U.S. Department of Education guidance, as applicable. FAME shall not be liable for any error contained herein or for any damages whatsoever arising out of or related to the use of this information.

 

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