Publication Date: March 11, 2015

Posted Date: March 11, 2015

Subject: CPS/FAFSA® and COD Deadline Dates for the 2015-2016 Award Year

FR Type: Notice

CPS/FAFSA and COD Deadline Dates for the 2015-2016 Award Year in PDF Format, 221KB, 6 Pages


[Federal Register Volume 80, Number 47 (Wednesday, March 11, 2015)]
[Notices]
[Pages 12808-12813]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-05539]
 
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DEPARTMENT OF EDUCATION
 
Deadline Dates for Reports and Other Records Associated With the 
Free Application for Federal Student Aid (FAFSA®), the Federal 
Pell Grant Program, the William D. Ford Federal Direct Loan Program, 
the Teacher Education Assistance for College and Higher Education Grant 
Program, and the Iraq and Afghanistan Service Grant Program for the 
2015-2016 Award Year
 
AGENCY: Federal Student Aid, Department of Education.
 
ACTION: Notice.
 
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Catalog Federal Domestic Assistance (CFDA) Numbers: 84.007 Federal 
Supplemental Educational Opportunity Grant (FSEOG) Program; 84.033 
Federal Work Study (FWS) Program; 84.038 Federal Perkins Loan 
(Perkins Loan) Program; 84.063 Federal Pell Grant (Pell Grant) 
Program; 84.268 William D. Ford Federal Direct Loan (Direct Loan) 
Program; 84.379 Teacher Education Assistance for College and Higher 
Education (TEACH) Grant Program; 84.408 Iraq and Afghanistan Service 
Grant Program.
 
SUMMARY: The Secretary announces deadline dates for the receipt of 
documents and other information from applicants and institutions 
participating in certain Federal student aid programs authorized under 
title IV of the Higher Education Act of 1965, as amended (HEA), for the 
2015-2016 award year. The Federal student aid programs covered by this 
deadline date notice are the Pell Grant, Direct Loan, TEACH Grant, and 
Iraq and Afghanistan Service 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.
 
[[Page 12809]]
 
    Deadline and Submission Dates: See Tables A and B at the end of 
this notice.
    Table A--Deadline Dates by Which a Student Must Submit the FAFSA, 
by Which the Institution Must Receive the Student's Institutional 
Student Information Record (ISIR) or Student Aid Report (SAR), and by 
Which the Institution Must Submit Verification Outcomes for Certain 
Students for the 2015-2016 Award Year.
    Table A provides information and deadline dates for receipt of the 
FAFSA, corrections to and signatures for the FAFSA, ISIRs, and SARs, 
and verification documents.
    The deadline date for the receipt of a FAFSA by the Department's 
Central Processing System is June 30, 2016, 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), correction, 
notice of change of address or school, or request for a duplicate SAR 
is September 17, 2016.
    For all Federal student aid programs, an ISIR or SAR for the 
student must be received by the institution no later than the student's 
last date of enrollment for the 2015-2016 award year or September 26, 
2016, whichever is earlier. As a reminder, a FAFSA must be submitted 
for the dependent student for whom a parent is applying for a Direct 
PLUS Loan.
    Verification documents must be received by the institution no later 
than 120 days after the student's last date of enrollment for the 2015-
2016 award year or September 26, 2016, whichever is earlier.
    For all Federal student aid programs except for (1) Direct PLUS 
Loans that will be made to parent borrowers, and (2) Direct 
Unsubsidized Loans that will be made to dependent students who have 
been determined by the institution, pursuant to section 479A(a) of the 
HEA, to be eligible for such a loan without providing parental 
information on the FAFSA, the ISIR or SAR must have an official 
expected family contribution (EFC) and must be received by the 
institution no later than the earlier of the student's last date of 
enrollment for the 2015-2016 award year or September 26, 2016.
    For a student who is requesting aid through the Pell Grant, FSEOG, 
FWS, and Federal Perkins Loan programs or for a student requesting 
Direct Subsidized Loans, who does not meet the conditions for a late 
disbursement under 34 CFR 668.164(g), a valid ISIR or valid SAR must be 
received no later than the student's last date of enrollment for the 
2015-2016 award year or September 26, 2016, whichever is earlier.
    In accordance with 34 CFR 668.164(g)(4)(i), an institution may not 
make a late disbursement of title IV student assistance funds later 
than 180 days after the date of the institution's determination that 
the student was no longer enrolled. Table A provides that, to make a 
late disbursement of title IV student assistance funds, an institution 
must receive a valid ISIR or valid SAR no later than 180 days after its 
determination that the student was no longer enrolled, but not later 
than September 26, 2016.
    Table B--Pell Grant, Iraq and Afghanistan Service Grant, Direct 
Loan, and TEACH Grant Programs' Deadline Dates for Disbursement 
Information by Institutions for the 2015-2016 Award Year or Processing 
Year.
    Table B provides the earliest dates for institutions to submit Pell 
Grant, Iraq and Afghanistan Service Grant, Direct Loan, and TEACH Grant 
disbursement records to the Department's Common Origination and 
Disbursement (COD) System and deadline dates for an institution's 
request for administrative relief if it cannot meet the established 
deadline for specified reasons.
    An institution must submit Pell Grant, Iraq and Afghanistan Service 
Grant, Direct Loan, and TEACH Grant disbursement records, as 
applicable, no later than 15 days after making the disbursement or 
becoming aware of the need to adjust a student's previously reported 
disbursement. In accordance with 34 CFR 668.164(a), title IV 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. Title IV funds are disbursed even if an institution uses its 
own funds in advance of receiving program funds from the Secretary.
    An institution's failure to submit disbursement records within the 
required timeframe may result in the Secretary rejecting all or part of 
the reported disbursement. Such failure may also result in an audit or 
program review finding or the initiation of an adverse action, such as 
a fine or other penalty for such failure, in accordance with subpart G 
of the General Provisions regulations in 34 CFR part 668.
 
Other Sources for Detailed Information
 
    We publish a detailed discussion of the Federal student aid 
application process in the 2015-2016 Federal Student Aid Handbook and 
in the 2015-2016 ISIR Guide.
    Additional information on the institutional reporting requirements 
for the Pell Grant, Iraq and Afghanistan Service Grant, Direct Loan, 
and TEACH Grant programs is included in the 2015-2016 Common 
Origination and Disbursement (COD) Technical Reference.
    You may access these publications by selecting the ``iLibrary'' 
link at the Information for Financial Aid Professionals Web site at: 
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.
    (3) William D. Ford Direct Loan Program, 34 CFR part 685.
    (4) Teacher Education Assistance for College and Higher Education 
Grant Program, 34 CFR part 686.
 
FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of 
Education, Federal Student Aid, 830 First Street NE., Union Center 
Plaza, Room 113H2, Washington, DC 20202-5345. Telephone: (202) 377-3681 
or by email: ian.foss@ed.gov.
    If you use a telecommunications device for the deaf (TDD) or text 
telephone (TTY), call the Federal Relay Service, toll free, at 1-800-
877-8339.
 

Attachments/Enclosures:

CPS/FAFSA and COD Deadline Dates for the 2015-2016 Award Year in PDF Format, 221KB, 6 Pages

   

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