# Presentation: 663698

## Session 43

- Financial Aid For  Technical Staff
- Wood Mason

## Session 43

- Al Beeouttahere

## But First...

**It’s Picture Time!**

## Slide 4

## Session 43

- Send $50 cash to...
- Al Beeouttahere
- 555 East West Ave
- Algernona, GA 67890

## In a Nutshell...

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

## History...

- Harvard University
- May 9, 1643
- Lady Ann Radcliffe Mowlson endowed Harvard’s first scholarship fund
- 1840
- Harvard’s first loan program

## History...

- Peabody Education Fund
- 1867
- $2 million dollars over 30 years

## History...

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

## History...

- National Youth Administration
- 1935
- FDR “New Deal” program
- can you say Tech School?

## History...

- 1944 - Serviceman’s Readjustment Act
- 1952 - Veteran’s Readjustment Assistance Act

## History...

**History...**

- 1950’s
- Nat’l Defense Education Act of 1958
- Nat’l Defense Student Loan Program (morphed into Perkins Loan Program)

## History...

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

## History...

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

## Application

- FAFSA
- Free Application for Federal Student Aid

## Application

**Application**

*NOTE: **All COD interfaces routed through EAI except DCS. *

**SAIG**

**Schools**

**EFC Calc**

**DB Matches**

**Central Processing System**
**(CPS)**

**Students**** ***

***FOTW – FAFSA on the web**

## Application

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

## Awarding

**	**** **COA (Cost of Attendance)
-  EFC

- NEED

## Awarding

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

## Awarding

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

## Awarding

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

## Awarding

- School Aid
- scholarships
- grants

## The COD Boogie

**The COD Boogie**

- SAIG

- Financial Mgt System
- (FMS)

- Loan Servicing System(DLSS)

- ACG, SMART, Direct Loan and Pell Origination, Change and Disbursement data

- Batch and web-generated Responses

- Central
- Processing
- System
- (CPS)

- Loan Bookings & Disbursements

- School Eligibility Data

- Funding Transactions
- Payment Transactions

- Student Level  Grant Data

- Student Level  Direct Loan Data

- FMSS / GAPS

**Schools**

- Drawdowns

- Post Secondary Education Participant System
- (PEPS)

- Student Applicant
- Data

- Payment Transactions

- Student Data Storage
- (NSLDS)

**Common Origination & Disbursement  (COD)**

- Transaction
- Processing

- Web

- Reports

- Customer Service Center

- Applicant Services

- Debt Collection Services (DCS)

- Student Pell Payment Data

## Slide 24

## The COD Boogie

**The COD Boogie**

- SAIG

- ACG, SMART, Direct Loan and Pell Origination, Change and Disbursement data

- Batch and web generated Responses

- Central
- Processing
- System
- (CPS)

- GAPS

**Schools**

- Drawdowns

- Student Data Storage
- (NSLDS)

**Common Origination & Disbursement  (COD)**

- Transaction
- Processing

- Web

- Reports

- Customer Service Center

- Applicant Services

## Processing – COD

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

## Processing - COD

- Common Record
- Response

## The Award Year

- July 1, 2007 – June 30, 2008
- applications
- awarding

## The Award Year

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

## The Award Year

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

## The Award Year

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

## Blessed are those that survive PEAK!

**Blessed are those that survive PEAK!**

## The Next Award Year

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

## The Next Award Year

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

## Talkin’ the talk...

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

## Talkin’ the talk...

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

## Talkin’ the talk...

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

## Talkin’ the talk...

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

## Talkin’ the talk...

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

## Talkin’ the talk...

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

## 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”

## The Care & Feeding of Your FA Colleagues

- “Enrolled your transfer students in NSLDS’ transfer monitoring and alert activity? I’d hate to see you spend precious time dealing with a POP’d student during Spring Peak”

## The Care & Feeding of Your FA Colleagues

- And finally...

## The Care & Feeding of Your FA Colleagues

- ”Silly computer system! Really, it’s not your fault. I’ll get the back-up CD and you’ll be up and running in no time”

## Slide 45

**Notes:**
And you can take a bow to their applause of thanks...and bask in the knowledge that together you and your FA colleagues are an unbeatable team!

## Questions?

- I appreciate your feedback and comments.  I can be reached at:
- Name: Wood Mason
- Phone: 404.562.6270
- Email: wood.mason@ed.gov