U.S. Department of Education: Promoting Educational Excellence for all Americans

A r c h i v e d  I n f o r m a t i o n

Student Financial Assistance Programs - 2003

CFDA Numbers: 84.007 - Federal Supplemental Educational Opportunity Grants
84.033 - Federal Work-Study Program
84.037 - Loan Cancellations
84.038 - Federal Perkins Loan Program_Federal Capital Contributions
84.063 - Federal Pell Grant Program
84.069 - Leveraging Educational Assistance Partnership
84.268 - Federal Direct Student Loans


Goal 8: Student Financial Assistance Programs Internal Goal
Objective 8.1 of 1: Student Financial Assistance Programs Internal Objective 8
Indicator 8.1.1 of 1: Reduce or Maintain FSA Business Process Unit Cost
Targets and Performance Data Assessment of Progress Sources and Data Quality
Unit Cost of Application Processing
Year Actual Performance Performance Targets
 
$ Unit Cost
$ Unit Cost
2003
 
9,999

Unit Cost of Origination and Disbursement
Year Actual Performance Performance Targets
 
$ Unit Cost
$ Unit Cost
2003
 
9,999

Unit Cost of Direct Loan Repayment
Year Actual Performance Performance Targets
 
$ Unit Cost
$ Unit Cost
2003
 
9,999

Unit Cost of Direct Loan Consolidation
Year Actual Performance Performance Targets
 
$ Unit Cost
$ Unit Cost
2003
 
9,999

Unit Cost of Default Collections
Year Actual Performance Performance Targets
 
$ Unit Cost
$ Unit Cost
2003
 
9,999
Status: Target not met

Progress: FSA did not meet its goal to have baseline unit costs defined for the business processes referenced. FSA has completed defining and validating the ABC methodology that it will use. In addition, reporting has been redesigned to address GAO concerns as well as the current needs of FSA. However additional work is required from FSA subject matter specialist to allocate baseline resource data, prior to using the ABC information. This effort will continue in FY 2004 and will be accomplished by the end of the year.

Explanation: By the end of FY 2004, we will develop baseline unit cost measures for the business processes referenced. (In the table, the code 9999 represents setting a baseline and setting a target for FY 2005 which is to maintain the baseline.)  
Additional Source Information: FSA Activity-Based Cost Model will be used to collect data. The model is currently under construction with a target date of Sept 2004.

Frequency: Annually.
Collection Period: 2004
Data Available: September 2004
Validated By: On-Site Monitoring By ED.

 

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