From: SFA Customer Support (OSFAP_CSB@ed.gov)
Date: Wed Aug 16 2000 - 12:58:59 EDT
> Dear Partners:
>
> The following message was posted to the IFAP website (http://ifap.ed.gov).
> It is being cross-posted to FINAID-L, FINNET-L, MEDAID-L and BURSAR-L for
> your information.
>
>
> SFA Customer Support Branch
> Schools Channel
> U.S. Department of Education
> **************************************************************************
> ********************************************
> Posted on August 15, 2000
>
> TO: All Destination Points
> FROM: Pell Grant Processing
> RE: Administrative Cost Allowance Payment
>
> THIS MESSAGE: Announces RFMS has begun to process the Second
> Administrative
> Cost Allowance for 1999-2000
>
> On August 10, 2000 the Federal Pell Grant program began to process the
> second
> Administrative Cost Allowance (ACA) payment for 1999-2000. You should
> begin to see these funds deposited into your bank account in the
> coming days. Please share this information with your business office.
>
> Section 690.10 of the Federal Pell Grant regulations authorizes this
> payment. You may only use these funds to defray the costs of
> administering the Federal Pell Grant, Federal Supplemental Educational
> Opportunity Grant, Federal Work-Study and Federal Perkins Loan
> programs. In your total number of Federal Pell Grant recipients, we
> include the students that you reported disbursements for who
> subsequently dropped out of school with a full recovery of their
> Federal Pell Grant award, as well as students who transferred into or
> out of your institutional system.
>
> Your total recipient count excludes the following:
>
> 1. Applicants determined ineligible for a Federal Pell Grant or
> rejected by the Central Processing System -- do not report these
> students to us;
>
> 2. Students that you have submitted origination records for but you
> have not received an accepted disbursement acknowledgment from RFMS
> for;
>
> 3. Recipients for whom you previously received an ACA Payment for the
> 1999-2000 Award Year and
>
> 4. Students whose disbursement record(s) we reject and do not retain
> (recipients are not included until an acceptable disbursement record
> is received).
>
> The U.S. Department of Education's Grants Administration and Payment
> System (ED/GAPS) has forwarded this ACA payment electronically through
> the Federal Reserve Bank of Richmond, VA. If your institution has not
> initiated a direct deposit form (Standard Form 1199A) to establish a
> unique bank account for ACA payments, ED/GAPS automatically deposits
> these funds into your existing account. If you do not receive a
> payment (and you have submitted disbursement records that were
> accepted by RFMS) or if you need assistance in defining your proper
> bank account, please call the GAPS Hotline at 1-888-336-8930.
>
> In the late summer of 2001 we will make a third adjustment to your
> 1999-2000 ACA for the additional recipients at your institution,
> including students included in item 4 above whose data you resolve and
> resubmit correctly. To ensure your ACA payment counts each of your
> Federal Pell Grant Recipients, you must report an acceptable
> disbursement record within thirty days of paying the student.
>
> The RFMS program has sent by electronic file (PGTX00OP) through TIV
> WAN a brief text message about the amount of the ACA and the number of
> unduplicated recipients submitted for your school. This text file can
> be opened in Wordpad, WORD or Word Perfect.
>
> We do not need your institution to acknowledge that you received your
> Administrative Cost Allowance payment. Please forward a copy of this
> notice to your Business office.
>
> If you have any questions, please call the Pell Grant Hotline at
> 1-800-4PGRANT
> (1-800-474-7268) or via e-mail at pell_systems@ed.gov.
>
>
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