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

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Presentation transcript:

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

4

5 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

26 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)

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

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

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

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

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

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

33 Misc GEN (General Dear Colleague Letter) HEA (Higher Education Act) IFAP (Information for Student Aid Professionals – IPEDS (Integrated Postsecondary Education Data System –

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

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

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

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

38 Questions? I appreciate your feedback and comments. I can be reached at: Name: Wood Mason Phone: