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Financial Aid for Techies

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. The COD Boogie. Debt Collection Services (DCS).

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Financial Aid for Techies

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

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

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

  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, 3rd 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) • eMPN (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 • eCFR (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

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