FR Doc E8-12865[Federal Register: June 9, 2008 (Volume 73, Number 111)]
[Notices]
[Page 32562-32567]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09jn08-32]
Download: 
-----------------------------------------------------------------------
DEPARTMENT OF EDUCATION
[CFDA Nos. 84.007, 84.032, 84.033, 84.038, 84.063, 84.069, 84.268,
84.375, and 84.376]
Student Assistance General Provisions, Federal Supplemental
Educational Opportunity Grant, Federal Family Education Loan, Federal
Work-Study, Federal Perkins Loan, Federal Pell Grant, Leveraging
Educational Assistance Partnership, William D. Ford Federal Direct
Loan, Academic Competitiveness Grant, and National Science and
Mathematics Access To Retain Talent Grant Programs
ACTION: Notice of deadline dates for receipt of applications, reports,
and other records for the 2007-2008 award year.
-----------------------------------------------------------------------
SUMMARY: The Secretary announces deadline dates for the receipt of
documents and other information from institutions and applicants for
the Federal student aid programs authorized under Title IV of the
Higher Education Act of 1965, as amended, for the 2007-2008 award year.
The Federal student aid programs include the Federal Supplemental
Educational Opportunity Grant, Federal Family Education Loan, Federal
Work-Study, Federal Perkins Loan, Federal Pell Grant, Leveraging
Educational Assistance Partnership, William D. Ford Federal Direct
Loan, Academic Competitiveness Grant (ACG), and National Science and
Mathematics Access to Retain Talent Grant (National SMART Grant)
programs.
These programs, administered by the U.S. Department of Education
(Department), provide financial assistance to students attending
eligible postsecondary educational institutions to help them pay their
educational costs.
Deadline and Submission Dates: See Tables A and B at the end of
this notice.
Table A--Deadline Dates for Application Processing and Receipt of
Student Aid Reports (SARs) or Institutional Student Information Records
(ISIRs) by Institutions
Table A provides information and deadline dates for application
processing, including receipt of the Free Application for Federal
Student Aid (FAFSA) and corrections to and signatures for the FAFSA,
submission and receipt of SARS and ISIRS, and submission and receipt of
verification documents.
The single date for the receipt of a FAFSA is June 30, 2008,
regardless of the method that the applicant uses to submit the FAFSA.
The deadline date for the submission and receipt of a signature page
for the FAFSA (if required), corrections, changes of addresses or
schools, or requests for a duplicate SAR is September 22, 2008.
Verification documents must be submitted and received no later than the
earlier of 120 days after the student's last date of enrollment or
September 29, 2008.
SARS and ISIRS with an official expected family contribution for
all Federal student aid programs except Parent PLUS must be submitted
and received no later than the earlier of the student's last date of
enrollment or September 29, 2008. A valid SAR or valid ISIR for a
student not meeting the conditions for a late disbursement for purposes
only of the Federal Pell Grant, ACG, or National SMART Grant programs
must be submitted and received no later than the earlier of the
student's last date of enrollment or September 29, 2008. A valid SAR or
valid ISIR for a student meeting the conditions for a late disbursement
under the Federal Pell Grant, ACG, or National SMART Grant programs
must be submitted and received according to the deadline dates provided
below.
[[Page 32563]]
Under the current provisions of 34 CFR 668.164(g)(4)(i), an
institution may make a late disbursement for a student no later than
120 days after the date of the institution's determination that the
student withdrew or, for a student who did not withdraw, 120 days after
the date the student otherwise became ineligible. Under the current
regulations, on an exception basis, we may approve a late disbursement
after the 120-day period if the reason that the late disbursement was
not made within that 120-day period was not the fault of the student.
The valid SAR or valid ISIR for a student meeting the conditions for a
late disbursement under the Federal Pell Grant, ACG, or National SMART
Grant programs must be submitted and received no later than the earlier
of the timeframes provided in 34 CFR 668.164(g)(4)(i) or September 29,
2008.
On November 1, 2007, we published final regulations in the Federal
Register (72 FR 62014, 62029) that among other things amended 34 CFR
668.164(g)(4)(i) regarding late disbursements. Amended 34 CFR
668.164(g)(4)(i) is effective July 1, 2008, unless an institution
chooses to implement this amended provision earlier than July 1, 2008.
Amended 34 CFR 668.164(g)(4)(i) provides that an institution may not
make a late disbursement later than 180 days after the date of the
institution's determination that the student withdrew or, for a student
who did not withdraw, 180 days after the date the student otherwise
became ineligible. The amended regulations do not provide for an
extension to this 180-day period.
If an institution chooses to implement the amended provisions
earlier than July 1, 2008, we are providing in Table A that an
institution must receive a valid SAR or valid ISIR no later than 180
days after its determination of a student's withdrawal or, for a
student who did not withdraw, 180 days after the date the student
otherwise became ineligible, but not later than September 29, 2008.
We will not accept a request for an extension of the 120-day period
under the current regulations after June 30, 2008.
Table B--Federal Pell Grant, ACG, and National SMART Grant Programs
Submission Dates for Disbursement Information by Institutions
Table B provides the earliest submission and deadline dates for
institutions to submit Federal Pell Grant, ACG, and National SMART
Grant disbursement records to the Department's Common Origination and
Disbursement (COD) System and deadline dates for requests for
administrative relief if the institution cannot meet the established
deadline for specified reasons.
In general, an institution must submit Federal Pell Grant, ACG, or
National SMART Grant disbursement records no later than 30 days after
making a Federal Pell Grant, ACG, or National SMART Grant disbursement
or becoming aware of the need to adjust a student's previously reported
Federal Pell Grant, ACG, or National SMART Grant disbursement. In
accordance with the regulations in 34 CFR 668.164, we consider that
Federal Pell Grant, ACG, and National SMART Grant funds are disbursed
on the date that the institution: (a) Credits those funds to a
student's account in the institution's general ledger or any subledger
of the general ledger, or (b) pays those funds to a student directly.
We consider that Federal Pell Grant, ACG, and National SMART Grant
funds are disbursed even if an institution uses its own funds in
advance of receiving program funds from the Department. An
institution's failure to submit disbursement records within the
required 30-day timeframe may result in an audit or program review
finding. In addition, the Secretary may initiate an adverse action,
such as a fine or other penalty for such failure.
Other Sources for Detailed Information
We publish a detailed discussion of the Federal student aid
application process in the following publications:
2007-2008 Funding Education Beyond High School.
2007-2008 Counselors and Mentors Handbook.
2007-2008 ISIR Guide.
2007-2008 Federal Student Aid Handbook.
Additional information on the institutional reporting requirements
for the Federal Pell Grant, ACG, and National SMART Grant programs is
contained in the 2007-2008 Common Origination and Disbursement (COD)
Technical Reference. You may access this reference by selecting
``Software Technical References'' under the heading ``Publications'' at
the Information for Financial Aid Professionals Web site at:
http://www.ifap.ed.gov.
Applicable Regulations: The following regulations apply: (1)
Student Assistance General Provisions, 34 CFR part 668, (2) Federal
Pell Grant Program, 34 CFR part 690, and (3) Academic Competitiveness
Grant and National Science and Mathematics Access To Retain Talent
Grant Programs, 34 CFR part 691.
FOR FURTHER INFORMATION CONTACT: Harold McCullough, U.S. Department of
Education, Federal Student Aid, 830 First Street, NE., Union Center
Plaza, Room 113E1, Washington, DC 20202-5345. Telephone: (202) 377-
4030.
If you use a telecommunications device for the deaf (TDD), you may
call the Federal Relay Service (FRS) at 1-800-877-8339.
Individuals with disabilities may obtain this document in an
alternative format (e.g., Braille, large print, audiotape, or computer
diskette) on request to the program contact person listed under FOR
FURTHER INFORMATION CONTACT.
Electronic Access to This Document
You may view this document, as well as all other documents of this
Department published in the Federal Register, in text or Adobe Portable
Document Format (PDF) on the Internet at the following site:
http://www.ed.gov/news/fedregister.
To use PDF you must have Adobe Acrobat Reader, which is available
free at this site. If you have questions about using PDF, call the U.S.
Government Printing Office (GPO), toll free, at 1-888-293-6498; or in
the Washington, DC, area at (202) 512-1530.
You may also view this document in PDF at the following site:
http://www.ifap.ed.gov.
Note: The official version of this document is the document
published in the Federal Register. Free Internet access to the
official edition of the Federal Register and the Code of Federal
Regulations is available on GPO Access at:
http://www.gpoaccess.gov/nara/index.html.
Program Authority: 20 U.S.C. 1070a, 1070a-1, 1070b-1070b-4,
1070c-1070c-4, 1071-1087-2, 1087a-1087j, and 1087aa-1087ii; 42
U.S.C. 2751-2756b.
Dated: June 3, 2008.
Lawrence A. Warder,
Acting Chief Operating Officer, Federal Student Aid.
BILLING CODE 4000-01-P
[[Page 32564]]
[GRAPHIC] [TIFF OMITTED] TN09JN08.002
[[Page 32565]]
[GRAPHIC] [TIFF OMITTED] TN09JN08.003
[[Page 32566]]
[GRAPHIC] [TIFF OMITTED] TN09JN08.004
[[Page 32567]]
[GRAPHIC] [TIFF OMITTED] TN09JN08.005
[FR Doc. E8-12865 Filed 6-6-08; 8:45 am]
BILLING CODE 4000-01-C