Technical Track Session Financial Aid for Techies Wood

Technical Track Session Financial Aid for Techies Wood Mason COD Systems Operations

Objective • Present an overview of the basic financial aid process – using a taxonomy approach. • Decipher the plethora of financial aid acronyms. 2

The COD Boogie Post Secondary Education Participant System (PEPS) Debt Collection Services (DCS) Central Processing System (CPS) School Eligibility Student Data Applicant Pell Payment Data Common & Legacy Direct Loan and Pell Origination, Change and Disbursement Records Schools Data Student Level Pell Data Student Level Direct Loan Data Common Origination & Disbursement (COD) SAIG Transaction Processing Web Customer Service Center Acknowledgements and Response Records Reports Applicant Services Funding Transactions Payment Transactions Drawdowns Student Data Storage (NSLDS) FMSS / GAPS Financial Mgt System (FMS) Loan Bookings & Disbursements Loan Servicing System (DLSS) Payment Transactions NOTE: All COD interfaces routed through EAI except DCS. 3

4

Federal Student Aid (FSA) Target State Vision (TSV) • BCAs – Business Capability Areas – Enterprise Analytics and Research – Student Aid History Management – Application, Origination & Disbursement – Common Services for Borrowers 5

Federal Student Aid (FSA) Target State Vision (TSV) • BCAs – Business Capability Areas – Campus-Based – Integrated Partner Management – Partner Payment Management – Financial Management 6

Application • Aid Eligibility Determination – HS Diploma or GED – ATB (Ability to Benefit) – AY (Award Year) – BBAY (Borrower Based Academic Year) 7

Application • Aid Eligibility Determination – FAFSA (Free Application for Federal Student Aid) – FOTW (FAFSA on the Web) 8

Application • Establish Person Record – EDE (Electronic Data Exchange) – CPS (Central Processing System) – SSIM (Standard Student Identification Methodology) 9

Application • Aid Eligibility Determination - CPS – EFC (Expected Family Contribution) – NSLDS (National Student Loan Database System) 10

Application • Aid Eligibility Determination - Output – ESAR (Electronic Student Aid Report) • pre-cursor to… – ISIR (Institution Student Information Record) – SAR (Student Aid Report) 11

Application • Aid Eligibility Determination - School – COA (Cost of Attendance) – EFA (Estimated Financial Assistance) – PJ (Professional Judgment) 12

Awarding • Awarding – Pell Grant Program – Campus Based Programs • FSEOG (Federal Supplemental Educational Opportunity Grant) • FWS (Federal Work Study Program) • Perkins Loan Program 13

Awarding • Awarding – FFELP (Federal Family Educational Loan Program) – FDSLP (Federal Direct Student Loan Program) • Stafford Subsidized and Unsubsidized • PLUS (Parental Loan for Undergraduate Student) 14

Origination & Disbursement • Establish Person Record – EDE (Electronic Data Exchange) – COD (Common Origination & Disbursement System) – XML CR (Common Record compatible or Full Participant School) 15

Origination & Disbursement • Award Origination & Disbursement Processing – School Input – Batch – On-Line – Receipt/Response 16

Origination & Disbursement • Award Origination & Disbursement Processing – RID (Routing Identifier) – Entity ID (School, 3 rd Party Servicer, Corporate Office) – Pell ID (6 -digit code) 17

Origination & Disbursement • Award Origination & Disbursement Processing – OPEID (Office of Postsecondary Education Identifier) – G-Code (Direct Loan School ID) – E-Code (same as G-Code) 18

Origination & Disbursement • Award Origination & Disbursement Processing – DRI (Disbursement Release Indicator) – PDL (Pending Disbursement List) – FDL (Funded Disbursement List) 19

Origination & Disbursement • School Aid Payments & Funding Level Management – EDCAPS (Education Central Automated Processing System) – GAPS (Grants Administration and Payment System) 20

Origination & Disbursement • School Aid Payments & Funding Level Management – FMS (Financial Management System) – CFL (Current Funding Level) • Pushed Cash • Advance Pay 21

Origination & Disbursement • Award Origination & Disbursement Processing - Loans – MPN (Master Promissory Note) – e. MPN (Electronic MPN) – MPN ID (MPN Identifier) 22

Origination & Disbursement • Award Origination & Disbursement Processing – Loans – Disclosure Statement – Plain Language Disclosure – Borrower’s Rights & Responsibilities – Plain 23

Origination & Disbursement • Award Origination & Disbursement Processing – POP (Potential Overaward Process) – MRR (Multiple Reporting Record) – FISAP (Fiscal Operations Report and Application to Participate) 24

Origination & Disbursement • Award Origination & Disbursement Processing – ACA (Administrative Cost Allowance) – CDR (Cohort Default Rate) – CMO (Case Management Office) • ppr (program review report) 25

Common Services for Borrowers • DCS (Debt Collection Services) • DLSC (Direct Loan Servicing Center) • DLCS (Direct Loan Consolidation Center) • CDDTS (Conditional Discharge and Disability Tracking System) 26

Integrated Partner Management • PEPS (Postsecondary Education Participation System) • PPA (Program Participation Agreement) • E-App (Electronic Application to Participate) 27

Partner Payment Management • LEAP (Leveraging Educational Assistance Partnership) • SLEAP (Special Leveraging Educational Assistance Partnership) 28

Misc • CSC (Customer Service Center) • CSR (Customer Service Representative) • SRC (School Relations Center) 29

Misc • CSL (Community Service Learning Program) • EAC (Electronic Access Conference) • FAT (Financial Aid Transcript) 30

Misc • e. CFR (Electronic Code of Federal Regulations) • ED (Department of Education) • E-SIGN (Electronic Signatures in Global and National Commerce Act) 31

Misc • FAA (Financial Aid Administrator) • FAO (Financial Aid Office or Officer) • FAD (Financial Aid Director) • FAT (Financial Aid Transcript) 32

Misc • GEN (General Dear Colleague Letter) • HEA (Higher Education Act) • IFAP (Information for Student Aid Professionals – www. ifap. ed. gov) • IPEDS (Integrated Postsecondary Education Data System – www. nces. ed. gov) 33

Misc • NACUBO (National Association of College and University Business Officers) • NASFAA (National Association of Student Financial Aid Administrators) • NCES (National Center for Educational Statistics) 34

Misc • PESC (Postsecondary Educational Standards Council) • NCHELP (National Council of Higher Education Loan Programs) • NSLC (National Student Loan Clearinghouse) 35

Misc • NPRM (Notice of Proposed Rulemaking) • OMB (Office of Management and Budget) • EAC (Electronic Access Conference) 36

Misc • ISYGTIO (I’m Sure You’re Glad This Is Over) 37

Questions? I appreciate your feedback and comments. I can be reached at: Name: Wood Mason Phone: 404. 562. 6270 Email: Wood. Mason@ed. gov 38