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Foreign Schools COD from Start to Finish

Session #49. Foreign Schools COD from Start to Finish. Wood Mason & David Bartlett | Dec. 2013 U.S. Department of Education 2013 FSA Training Conference for Financial Aid Professionals. COD from Start to Finish. COD…what is it and why do I have to fool with it? Logging on

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Foreign Schools COD from Start to Finish

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  1. Session #49 Foreign Schools COD from Start to Finish Wood Mason & David Bartlett | Dec. 2013 U.S. Department of Education 2013 FSA Training Conference for Financial Aid Professionals

  2. COD from Start to Finish • COD…what is it and why do I have to fool with it? • Logging on • Originating and disbursing Direct Subsidized, Unsubsidized, or PLUS loans • “I see T-r-o-u-b-l-e” • I sent the disbursement but no money in G5? What the…? • Cha Ching… • CFL vs. G5 available balance • Reports • Reconciliation and Program Year Closeout

  3. COD from Start to Finish The Common Origination & Disbursement System (COD) is the database that stores origination, disbursement, demographic, and other data associated with your students • CPS data • StudentLoans.gov activity and associated acknowledgements • Financial data associated with your school

  4. COD from Start to Finish Logging On

  5. COD from Start to Finish

  6. COD from Start to Finish Origination & Disbursement

  7. COD from Start to Finish Origination & Disbursement data, and any corresponding adjustment, can be entered via transmission of batch data from a resident software application • Third party vendor software • EdExpress software provided free of charge by the U.S. Department of Education Or manually via the COD reporting website • PLUS Request “SP” file from StudentLoans.gov • The Direct Loan Origination Tool • Student-by-student

  8. COD from Start to Finish Reporting via resident software is unique to that application • Screens in one application may not look the same as in another and may not be identified the same as in another • One application may allow you more “hands-on” manipulation of your data, others may not Reporting via the COD reporting website is pretty much the same process for everyone

  9. COD from Start to Finish PICTURE TIME!

  10. COD from Start to Finish Originating via the COD reporting website is accomplished in one of 3 different ways • From a PLUS Request acknowledgement • Borrower completes a PLUS Request via the Studentloans.gov website • COD sends you the “SP” acknowledgement with the information • From the “SP” acknowledgement you can create a “skeleton” award

  11. COD from Start to Finish Originating via the COD reporting website is accomplished in one of 3 different ways • Manually entering award data on the COD reporting website • Using the Direct Loan Origination Tool (DLOT) on the COD reporting website • Allows you to “pre-set” some default values • Allows you to filter students ready to originate based on entrance counseling and MPNs • Allows you to “batch” your students for origination

  12. COD from Start to Finish

  13. COD from Start to Finish Daffina Duck 000000000

  14. COD from Start to Finish Daffy Duck’s Drafting Academy 00000000 Quackston Mallard Eider III Quackston Mallard Eider III

  15. COD from Start to Finish

  16. COD from Start to Finish Daffina Duck 000000000 3/12/1994

  17. COD from Start to Finish Daffina Duck 000000000 3/12/1994

  18. COD from Start to Finish

  19. COD from Start to Finish

  20. COD from Start to Finish XXXXXXXXX Hickey, Ruby N Hickey, Ruby N Hickey, Ruby N Hickey, Ruby N Hickey, Ruby N Hickey, Ruby N

  21. COD from Start to Finish

  22. COD from Start to Finish Common Record Information Georgia Highlands Conservatory of Pecan Pie 2013-11-02T14:27:46.9499999999 99999999 Werrin Nuttin XXXXXXXXX 2013-2014 xxxxxxxxxP14G99999001

  23. COD from Start to Finish

  24. COD from Start to Finish

  25. COD from Start to Finish

  26. COD from Start to Finish

  27. COD from Start to Finish

  28. COD from Start to Finish xxxxxxxxx Begonia, Ruby Xxxxxxxxx Bailey, George

  29. COD from Start to Finish

  30. COD from Start to Finish

  31. COD from Start to Finish Disbursements can be found in your Action Queue or on the Disbursement Detail Information screen • The Action Queue displays ONLY PENDING disbursements • Pending disbursements in a review status are also displayed for HCM2 schools • Pending and Actual (Disbursed) disbursements are displayed on the Disbursement Detail Information screen • Pending disbursements can be released (funded) from either • Cannot adjust a pending disbursement on the Action Queue

  32. COD from Start to Finish Search forward or backward Search by award year Can be used as both a reconciliation tool and as an adhoc pending disbursement list tool 60784345

  33. COD from Start to Finish • Use as a reconciliation • tool prior to close out • Were all disbursements • released/made actual? • Should any be reduced • zero? • Select all and copy to • Excel, then filter out all • the $0 disbursements 60784345 60784345

  34. COD from Start to Finish

  35. COD from Start to Finish

  36. COD from Start to Finish I See T-R-O-U-B-L-E

  37. COD from Start to Finish

  38. COD from Start to Finish

  39. COD from Start to Finish

  40. COD from Start to Finish

  41. COD from Start to Finish Cha-Ching

  42. COD from Start to Finish

  43. COD from Start to Finish

  44. COD from Start to Finish

  45. COD from Start to Finish Reports

  46. COD from Start to Finish

  47. COD from Start to Finish Print blank MPNs

  48. COD from Start to Finish

  49. COD from Start to Finish Reconciliation & Program Year Closeout

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