FR Doc E7-8576
[Federal Register: May 4, 2007 (Volume 72, Number 86)]
[Notices]
[Page 25276-25282]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04my07-45]
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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, and 84.376]
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, and National Science and
Mathematics Access To Retain Talent Grant Programs
ACTION: Notice of deadline dates for receipt of applications, reports,
and other records for the 2006-2007 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 Act of 1965, as amended, for the 2006-2007 award year.
The Federal student aid programs include the Federal Perkins Loan,
Federal Work-Study, Federal Supplemental Educational Opportunity Grant,
Federal Family Education Loan, William D. Ford Federal Direct Loan,
Federal Pell Grant, Academic Competitiveness Grant, National Science
and Mathematics Access to Retain Talent Grant, and Leveraging
Educational Assistance Partnership 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 and B 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 deadline dates for application processing,
including corrections and submission of signatures, submission of
verification documents and, for purposes of the Federal Pell Grant,
Academic Competitiveness Grant (ACG), and National Science and
Mathematics Access to Retain Talent Grant (National SMART Grant)
programs, receipt by institutions of SARs or ISIRs. We are using only
three deadline dates in Table A for the 2006-2007 award year. The
single date for the receipt of a Free Application for Federal Student
Aid (FAFSA) is July 2, 2007, regardless of the method that the
applicant uses to submit the FAFSA. September 17, 2007 is the deadline
date for the submission and receipt of a signature page (if required),
corrections, changes of addresses or schools, or requests for a
duplicate SAR. September 24, 2007 is the deadline date for the
submission and receipt of all other documents and materials that are
specified in Table A.
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.
In general, an institution must submit Federal Pell Grant, ACG, and
National SMART Grant disbursement records no later than 30 days after
making a Federal Pell Grant, ACG, and National SMART Grant disbursement
or becoming aware of the need to adjust a student's previously reported
Federal Pell Grant, ACG, and National SMART Grant disbursement.
However, because institutions were not able to submit ACG and National
SMART Grant disbursement records until December 16, 2006, we considered
institutions to be in compliance with the 30-day disbursement-reporting
requirement for those two programs until January 17, 2007.
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 earlier of 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.
Other Sources for Detailed Information
We publish a detailed discussion of the Federal student aid
application process in the following publications:
2006-2007 Funding Education Beyond High School.
2006-2007 Counselors and Mentors Handbook.
A Guide to 2006-2007 SARs and ISIRs.
2006-2007 Federal Student Aid Handbook.
Additional information on the institutional reporting requirements
for the Federal Pell Grant, ACG, and National SMART Grant programs is
contained in the 2006-2007 Common Origination and Disbursement (COD)
Technical Reference. You may access this reference by selecting
``Software Technical References'' under the heading ``Publications'' 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), you may
call
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the Federal Relay Service (FRS) at 1-800-877-8339.
Individuals with disabilities may obtain this document in an
alternative 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 may 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. If you have questions about using PDF, call the U.S.
Government Printing Office (GPO), toll free, at 1-888-293-6498; or in
the Washington, DC, area at (202) 512-1530.
You may also view this document in PDF at the following site:
http://www.ifap.ed.gov.
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, 1071-1087-2, 1087a-1087j, and 1087aa-1087ii; 42
U.S.C. 2751-2756b.
Theresa S. Shaw,
Chief Operating Officer, Federal Student Aid.
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[FR Doc. E7-8576 Filed 5-3-07; 8:45 am]
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