Publication Date: August 21, 2006
Author: G. Kay Jacks, General Manager, Application, Operations and Delivery Services, Federal Student Aid
Summary: Second Pell Grant Administrative Cost Allowance Payments for 2005-2006 Award Year
Posted on 08-21-2006
Cost Allowance Payment Background
ACA payment amounts are not included in a school's Current Funding Level (CFL) but are direct payments made to a school based on its unduplicated student recipient information. A school's total number of Pell Grant unduplicated recipients, used in the calculation of the ACA payment, includes students with at least one reported accepted actual disbursement (DRI = true) in the Common Origination and Disbursement (COD) System. A student will be included in the calculation even if there is a full recovery of the entire Pell Grant award.
A school's total unduplicated recipient count excludes students-
Cost Allowance Payments for 2005-2006 Award Year
The Department of Education's Grant Administration and Payment System (GAPS) forwards ACA payments electronically through the Federal Reserve Bank of Richmond, VA into schools' bank accounts. If a school has not initiated a direct deposit form (Standard Form 1199A) to establish a unique bank account for ACA payments, the GAPS will automatically deposit these funds into the school's existing account. Schools do not need to acknowledge receipt of ACA payments. However, we ask that schools forward a copy of this announcement to their Business offices for inclusion in 2005-2006 Award Year records.
ACA payment amount notifications will be sent to reporting schools. Specifically, we will send an Electronic Statement of Account (ESOA) (Message Class PGAS06OP) that reflects the ACA payment amount to the reporting school's Student Aid Internet Gateway (SAIG) mailbox. Additionally, an ACA payment amount will be displayed on the School Funding Information screen on the COD Web site. On the School Funding Information screen-
If your school does not receive an ACA payment (and your school has submitted actual disbursements for the 2005-2006 Award Year that were accepted by the COD System since March 18, 2006), contact the COD School Relations Center at 800/4PGRANT. You may also e-mail CODSupport@acs-inc.com.