FR Doc 2010-12558
[Federal Register: May 26, 2010 (Volume 75, Number 101)]
[Notices]               
[Page 29524-29526]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26my10-34]                      
                  
         

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DEPARTMENT OF EDUCATION

[CFDA Nos. 84.007, 84.032, 84.033, 84.038, 84.063, 84.069, 84.268, 
84.375, 84.376, and 84.37]

 
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, National Science and Mathematics 
Access To Retain Talent Grant, and Teacher Education Assistance for 
College and Higher Education Programs

ACTION: Notice of deadline dates for receipt of applications, reports, 
and other records for the 2009-2010 award year.

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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

[[Page 29525]]

Act of 1965, as amended, for the 2009-2010 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), National Science and Mathematics Access to 
Retain Talent Grant (National SMART Grant), and Teacher Education 
Assistance for College and Higher Education (TEACH) 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, B, and C 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, 
receipt of SARs and ISIRs, and receipt of verification documents.
    The deadline date for the receipt of a FAFSA by the Department's 
Central Processing System is June 30, 2010, regardless of the method 
that the applicant uses to submit the FAFSA. The deadline date for the 
receipt of a signature page for the FAFSA (if required), corrections, 
changes of addresses or schools, or requests for a duplicate SAR is 
September 21, 2010. Verification documents must be received by the 
institution no later than the earlier of 120 days after the student's 
last date of enrollment or September 28, 2010.
    For all Federal student aid programs except Parent PLUS, a SAR or 
ISIR with an official expected family contribution must be received by 
the institution no later than the earlier of the student's last date of 
enrollment or September 28, 2010. For purposes of only the Federal Pell 
Grant, ACG, or National SMART Grant programs, a valid SAR or valid ISIR 
for a student not meeting the conditions for a late disbursement must 
be received no later than the earlier of the student's last date of 
enrollment or September 28, 2010. 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 
received according to the deadline dates provided in Table A.
    In accordance with the regulations in 34 CFR 668.164(g)(4)(i), 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, as provided in 34 CFR 668.22, 
180 days after the date the student otherwise became ineligible. Table 
A provides 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 28, 2010.

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.

Table C--Federal Pell Grant Disbursement Information for a Payment 
Period That Occurs in Two Award Years (Crossover Payment Period)

    Table C provides the deadline dates regarding when the receipt of 
information requires the institution to assign a student's 2010 
crossover payment period that occurs in the 2009-2010 and 2010-2011 
award years to the award year in which the student would receive a 
greater Federal Pell Grant payment for the payment period.
    In accordance with 34 CFR 690.64, as amended by the final 
regulations published on October 29, 2009, and effective on July 1, 
2010 (74 FR 55902, 55951), an institution must, regardless of a 
student's enrollment status, assign a crossover payment period (a 
payment period that includes both June 30 and July 1) to the award year 
in which the student would receive the greater payment for the 
crossover payment period based on the information available at the time 
the student's Federal Pell Grant is initially calculated. Table C sets 
a September 10, 2010 deadline for the receipt of any information that 
would require an institution to reassign the 2010 crossover payment 
period to the award year providing the greater payment. During the 
subsequent period of time but not later than February 1, 2011, an 
institution may establish a policy concerning reassignment of the 2010 
crossover payment period (74 FR 55922).
    It is important to note that for the 2010 transition crossover 
payment period only, an institution is not required to award a Federal 
Pell Grant to a student from the award year that will provide the 
greater payment if the institution established a written crossover 
payment period policy prior to July 1, 2010 and under that policy a 
student would be awarded a Federal Pell Grant from the 2009-2010 award 
year without applying the regulations as amended on October 29, 2009 
(74 FR 55904).

Other Sources for Detailed Information

    We publish a detailed discussion of the Federal student aid 
application process in the following publications:
     2009-2010 Funding Education Beyond High School.
     2009-2010 Counselors and Mentors Handbook.
     2009-2010 ISIR Guide.
     2009-2010 Federal Student Aid Handbook.

[[Page 29526]]

    Additional information on the institutional reporting requirements 
for the Federal Pell Grant, ACG, and National SMART Grant programs is 
contained in the 2009-2010 COD Technical Reference. You may access this 
reference by selecting the ``Publications'' link 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), call the 
Federal Relay Service (FRS), toll free, at 1-800-877-8339.
    Individuals with disabilities can obtain this document in an 
accessible 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 can 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.

    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, 1070g, 1071-1087-2, 1087a-1087j, and 1087aa-1087ii; 42 U.S.C. 
2751-2756b.

    Dated: May 20, 2010.
William J. Taggart,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2010-12558 Filed 5-25-10; 8:45 am]
BILLING CODE 4000-01-P