2017-2018 Award Year Deadline Dates for Reports and Other Records Associated With the Free Application for Federal Student Aid (FAFSA), the Federal Supplemental Educational Opportunity Grant Program, the Federal Work-Study Programs, the Federal Perkins Loan Program, the Federal Pell Grant Program, the William D. Ford Federal Direct Loan Program, the Teacher Education Assistance for College and Higher Education Grant Program, and the Iraq and Afghanistan Service Grant Program, 29058-29062 [2017-13436]
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29058
Federal Register / Vol. 82, No. 122 / Tuesday, June 27, 2017 / Notices
participation from the public will be
considered during the meeting.
STATUS: Closed. During the closed
meeting, the Board Members will
discuss issues dealing with potential
Recommendations to the Secretary of
Energy. The Board is invoking the
exemptions to close a meeting described
in 5 U.S.C. 552b(c)(3) and (9)(B) and 10
CFR 1704.4(c) and (h). The Board has
determined that it is necessary to close
the meeting since conducting an open
meeting is likely to disclose matters that
are specifically exempted from
disclosure by statute, and/or be likely to
significantly frustrate implementation of
a proposed agency action. In this case,
the deliberations will pertain to
potential Board Recommendations
which, under 42 U.S.C. 2286d(b) and
(h)(3), may not be made publicly
available until after they have been
received by the Secretary of Energy or
the President, respectively.
MATTERS TO BE CONSIDERED: The meeting
will proceed in accordance with the
closed meeting agenda which is posted
on the Board’s public Web site at
www.dnfsb.gov. Technical staff may
present information to the Board. The
Board Members are expected to conduct
deliberations regarding potential
Recommendations to the Secretary of
Energy.
Dated: June 23, 2017.
Joseph Bruce Hamilton,
Vice Chairman.
[FR Doc. 2017–13526 Filed 6–23–17; 4:15 pm]
BILLING CODE 3670–01–P
DEPARTMENT OF EDUCATION
2017–2018 Award Year Deadline Dates
for Reports and Other Records
Associated With the Free Application
for Federal Student Aid (FAFSA), the
Federal Supplemental Educational
Opportunity Grant Program, the
Federal Work-Study Programs, the
Federal Perkins Loan Program, the
Federal Pell Grant Program, the
William D. Ford Federal Direct Loan
Program, the Teacher Education
Assistance for College and Higher
Education Grant Program, and the Iraq
and Afghanistan Service Grant
Program
Federal Student Aid,
Department of Education.
ACTION: Notice.
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AGENCY:
Catalog Federal Domestic Assistance
(CFDA) Numbers: 84.007 Federal
Supplemental Educational Opportunity
Grant (FSEOG) Program; 84.033 Federal
Work Study (FWS) Program; 84.038
VerDate Sep<11>2014
18:33 Jun 26, 2017
Jkt 241001
Federal Perkins Loan (Perkins Loan)
Program; 84.063 Federal Pell Grant (Pell
Grant) Program; 84.268 William D. Ford
Federal Direct Loan (Direct Loan)
Program; 84.379 Teacher Education
Assistance for College and Higher
Education (TEACH) Grant Program;
84.408 Iraq and Afghanistan Service
Grant Program.
SUMMARY: The Secretary announces
deadline dates for the receipt of
documents and other information from
applicants and institutions participating
in certain Federal student aid programs
authorized under title IV of the Higher
Education Act of 1965, as amended
(HEA), for the 2017–2018 award year.
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.
The Federal student aid programs
(title IV, HEA programs) covered by this
deadline date notice are the Pell Grant,
Direct Loan, TEACH Grant, Iraq and
Afghanistan Service Grant, and campusbased programs (FSEOG, FWS, and
Perkins Loan programs). The campusbased programs are only covered by
Table A of this deadline date notice.
DATES:
Deadline and Submission Dates: See
Tables A and B at the end of this notice.
FOR FURTHER INFORMATION CONTACT:
Rene Tiongquico, U.S. Department of
Education, Federal Student Aid, 830
First Street NE., Union Center Plaza,
11th Floor, Washington, DC 20202–
5345. Telephone: (202) 377–4270 or by
email: Rene.Tiongquico@ed.gov.
If you use a telecommunications
device for the deaf (TDD) or a text
telephone (TTY), call the Federal Relay
Service, toll free, at 1–800–877–8339.
SUPPLEMENTARY INFORMATION:
Table A—2017–2018 Award Year
Deadline Dates by Which a Student
Must Submit the FAFSA, by Which the
Institution Must Receive the Student’s
Institutional Student Information
Record (ISIR) or Student Aid Report
(SAR), and by Which the Institution
Must Submit Verification Outcomes for
Certain Students
Table A provides information and
deadline dates for receipt of the FAFSA,
corrections to and signatures for the
FAFSA, ISIRs, and SARs, and
verification documents.
The deadline date for the receipt of a
FAFSA by the Department’s Central
Processing System is June 30, 2018,
regardless of the method that the
applicant uses to submit the FAFSA.
PO 00000
Frm 00037
Fmt 4703
Sfmt 4703
The deadline date for the receipt of a
signature page for the FAFSA (if
required), corrections, notices of change
of address or school, or requests for a
duplicate SAR is September 15, 2018.
For all title IV, HEA programs, an ISIR
or SAR for the student must be received
by the institution no later than the
student’s last date of enrollment for the
2017–2018 award year or September 22,
2018, whichever is earlier. Note that a
FAFSA must be submitted and an ISIR
or SAR received for the dependent
student for whom a parent is applying
for a Direct PLUS Loan.
Except for students selected for
Verification Tracking Groups V4 and
V5, verification documents must be
received by the institution no later than
120 days after the student’s last date of
enrollment for the 2017–2018 award
year or September 22, 2018, whichever
is earlier. For students selected for
Verification Tracking Groups V4 and
V5, institutions must submit identity
and high school completion status
verification results no later than 60 days
following the institution’s first request
to the student to submit the
documentation.
For all title IV, HEA programs except
for (1) Direct PLUS Loans that will be
made to parent borrowers, and (2) Direct
Unsubsidized Loans that will be made
to dependent students who have been
determined by the institution, pursuant
to section 479A(a) of the HEA, to be
eligible for such a loan without
providing parental information on the
FAFSA, the ISIR or SAR must have an
official expected family contribution
(EFC) and the ISIR or SAR must be
received by the institution no later than
the earlier of the student’s last date of
enrollment for the 2017–2018 award
year or September 22, 2018.
For a student who is requesting aid
through the Pell Grant, FSEOG, FWS,
and Federal Perkins Loan programs or
for a student requesting Direct
Subsidized Loans, who does not meet
the conditions for a late disbursement
under 34 CFR 668.164(j), a valid ISIR or
valid SAR must be received by the
institution by the student’s last date of
enrollment for the 2017–2018 award
year or September 22, 2018, whichever
is earlier.
In accordance with 34 CFR
668.164(j)(4)(i), an institution may not
make a late disbursement of title IV,
HEA program funds later than 180 days
after the date of the institution’s
determination that the student was no
longer enrolled. Table A provides that,
to make a late disbursement of title IV
student assistance funds, an institution
must receive a valid ISIR or valid SAR
no later than 180 days after its
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Federal Register / Vol. 82, No. 122 / Tuesday, June 27, 2017 / Notices
determination that the student was no
longer enrolled, but not later than
September 22, 2018.
penalty for such failure, in accordance
with subpart G of the General Provisions
regulations in 34 CFR part 668.
Table B—2017–2018 Award Year Pell
Grant, Iraq and Afghanistan Service
Grant, Direct Loan, and TEACH Grant
Programs Deadline Dates for
Disbursement by Institutions
Table B provides the earliest
disbursement date and the earliest and
latest dates for institutions to submit
Pell Grant, Iraq and Afghanistan Service
Grant, Direct Loan, and TEACH Grant
disbursement records to the
Department’s Common Origination and
Disbursement (COD) System and
deadline dates for such records if an
institution requests and receives
approval to submit such records after
the established deadline.
An institution must submit Pell Grant,
Iraq and Afghanistan Service Grant,
Direct Loan, and TEACH Grant
disbursement records to COD, no later
than 15 days after making the
disbursement or becoming aware of the
need to adjust a previously reported
disbursement. In accordance with 34
CFR 668.164(a), title IV, HEA program
funds are disbursed on 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. Title IV, HEA
program 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 timeframe may result in the
Department rejecting all or part of the
reported disbursement. Such failure
may also result in an audit or program
review finding or the initiation of an
adverse action, such as a fine or other
Deadline Dates for Enrollment
Reporting by Institutions
In accordance with 34 CFR 674.19(f),
34 CFR 682.610(c), 34 CFR 685.309(b),
and 34 CFR 690.83(b)(2), upon receipt of
an enrollment report from the Secretary,
institutions must update all information
included in the report and return the
report to the Secretary in a manner and
format prescribed by the Secretary and
within the timeframe prescribed by the
Secretary. Consistent with the National
Student Loan Data System (NSLDS)
Enrollment Reporting Guide, the
Secretary has determined that
institutions must report at least every
two months. Institutions may find the
NSLDS Enrollment Reporting Guide on
the Information for Financial Aid
Professionals Web site at https://
www.ifap.ed.gov.
Other Sources for Detailed Information
We publish a detailed discussion of
the Federal student aid application
process in the 2017–2018 Federal
Student Aid Handbook and in the 2017–
2018 ISIR Guide.
Additional information on the
institutional reporting requirements for
the Pell Grant, Iraq and Afghanistan
Service Grant, Direct Loan, and TEACH
Grant programs is included in the 2017–
2018 Common Origination and
Disbursement (COD) Technical
Reference. Also, see the NSLDS
Enrollment Reporting Guide.
You may access these publications by
selecting the ‘‘iLibrary’’ link at the
Information for Financial Aid
Professionals Web site at:
www.ifap.ed.gov.
Applicable Regulations: The
following regulations apply:
29059
(1) Student Assistance General
Provisions, 34 CFR part 668.
(2) Federal Pell Grant Program, 34
CFR part 690.
(3) William D. Ford Direct Loan
Program, 34 CFR part 685.
(4) Teacher Education Assistance for
College and Higher Education Grant
Program, 34 CFR part 686.
Accessible Format: Individuals with
disabilities can obtain this document in
an accessible format (e.g., braille, large
print, audiotape, or compact disc) on
request to the program contact person
listed under FOR FURTHER INFORMATION
CONTACT.
Electronic Access to This Document:
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 via the Federal Digital System
at: www.gpo.gov/fdsys. At this site you
can view this document, as well as all
other documents of this Department
published in the Federal Register, in
text or Portable Document Format
(PDF). To use PDF you must have
Adobe Acrobat Reader, which is
available free at the site.
You may also access documents of the
Department published in the Federal
Register by using the article search
feature at: www.federalregister.gov.
Specifically, through the advanced
search feature at this site, you can limit
your search to documents published by
the Department.
Program Authority: 20 U.S.C. 1070a,
1070a–1, 1070b–1070b–4, 1070g, 1070h,
1087a–1087j, and 1087aa–1087ii; 42 U.S.C.
2751–2756b.
Dated: June 22, 2017.
Matthew D. Sessa,
Acting Chief Operating Officer, Federal
Student Aid.
TABLE A—2017–2018 AWARD YEAR DEADLINE DATES BY WHICH A STUDENT MUST SUBMIT THE FAFSA, BY WHICH THE
INSTITUTION MUST RECEIVE THE STUDENT’S INSTITUTIONAL STUDENT INFORMATION RECORD (ISIR) OR STUDENT AID
REPORT (SAR), AND BY WHICH THE INSTITUTION MUST SUBMIT VERIFICATION OUTCOMES FOR CERTAIN STUDENTS
Who submits?
What is submitted?
Where is it submitted?
Student .......................
FAFSA—‘‘FAFSA on the Web’’ (original or
renewal).
Signature page (if required) ...........................
An electronic FAFSA (original or renewal) ....
Electronically to the Department’s Central
Processing System (CPS).
To the address printed on the signature page
Electronically to the Department’s CPS using
‘‘Electronic Data Exchange’’ (EDE) or
‘‘FAA Access to CPS Online’’.
To the address printed on the FAFSA or envelope provided with the FAFSA.
Electronically to the Department’s CPS .........
Student through an Institution.
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Student .......................
A paper original FAFSA .................................
Student .......................
Electronic corrections to the FAFSA using
‘‘Corrections on the Web’’.
Signature page (if required) ...........................
Electronic corrections to the FAFSA ..............
Student through an Institution.
Student .......................
VerDate Sep<11>2014
Paper corrections to the FAFSA using a
SAR, including change of mailing and
email addresses and change of institutions.
18:33 Jun 26, 2017
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What is the deadline date for receipt?
June 30, 2018.1
September 15, 2018.
June 30, 2018.1
June 30, 2018.
September 15, 2018.1
To the address printed on the signature page
Electronically to the Department’s CPS using
EDE or ‘‘FAA Access to CPS Online’’.
To the address printed on the SAR ...............
September 15, 2018.
September 15, 2018.1
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September 15, 2018.
29060
Federal Register / Vol. 82, No. 122 / Tuesday, June 27, 2017 / Notices
TABLE A—2017–2018 AWARD YEAR DEADLINE DATES BY WHICH A STUDENT MUST SUBMIT THE FAFSA, BY WHICH THE
INSTITUTION MUST RECEIVE THE STUDENT’S INSTITUTIONAL STUDENT INFORMATION RECORD (ISIR) OR STUDENT AID
REPORT (SAR), AND BY WHICH THE INSTITUTION MUST SUBMIT VERIFICATION OUTCOMES FOR CERTAIN STUDENTS—
Continued
Who submits?
What is submitted?
Where is it submitted?
Student .......................
Change of mailing and email addresses,
change of institutions, or requests for a duplicate SAR.
A SAR with an official EFC calculated by the
Department’s CPS, except for Parent
PLUS Loans and Direct Unsubsidized
Loans made to a dependent student under
HEA section 479A(a), for which the ISIR
does not need to have an official EFC.
An ISIR with an official EFC calculated by
the Department’s CPS, except for Parent
PLUS Loans and Direct Unsubsidized
Loans made to a dependent student under
HEA section 479A(a), for which the ISIR
does not need to have an official EFC.
Valid SAR (Pell Grant, FSEOG, FWS, Perkins Loan, and Direct Subsidized Loans).
Valid ISIR (Pell Grant, FSEOG, FWS, Perkins Loan, and Direct Subsidized Loans).
To the Federal Student Aid Information Center by calling 1–800–433–3243.
September 15, 2018.
To the institution .............................................
The earlier of:
—The student’s last date of enrollment
for the 2017–2018 award year; or
—September 22, 2018.2
Student .......................
Student through CPS..
Student .......................
Student through CPS..
Student .......................
Student through CPS..
Valid SAR (Pell Grant, FSEOG, FWS, Perkins Loan, and Direct Subsidized Loans).
Valid ISIR (Pell Grant, FSEOG, FWS, Perkins Loan, and Direct Subsidized Loans).
Student .......................
Verification documents ...................................
Institution ....................
Identity and high school completion
verification results for a student selected
for verification by the Department and
placed in Verification Tracking Group V4
or V5.
What is the deadline date for receipt?
To the institution from the Department’s CPS.
To the institution .............................................
Except for a student meeting the conditions
for a late disbursement under 34 CFR
To the institution from the Department’s CPS.
668.164(j), the earlier of:
—The student’s last date of enrollment
for the 2017–2018 award year; or
—September 22, 2018.2
To the institution ............................................. For a student receiving a late disbursement
under 34 CFR 668.164(j)(4)(i), the earlier
To the institution from the Department’s CPS.
of:
—180 days after the date of the institution’s determination that the student
withdrew or otherwise became ineligible; or
—September 22, 2018.2
To the institution ............................................. The earlier of: 3
—120 days after the student’s last date
of enrollment for the 2017–2018
award year; or
—September 22, 2018.2
Electronically to the Department’s CPS using 60 days following the institution’s first re‘‘FAA Access to CPS Online’’.
quest to the student to submit the required
V4 or V5 identity and high school completion documentation.4
1 The deadline for electronic transactions is 11:59 p.m. (Central Time) on the deadline date. Transmissions must be completed and accepted before 12:00 midnight
to meet the deadline. If transmissions are started before 12:00 midnight but are not completed until after 12:00 midnight, those transmissions do not meet the deadline. In addition, any transmission submitted on or just prior to the deadline date that is rejected may not be reprocessed because the deadline will have passed by
the time the user gets the information notifying him or her of the rejection.
2 The date the ISIR/SAR transaction was processed by CPS is considered to be the date the institution received the ISIR or SAR regardless of whether the institution has downloaded the ISIR from its Student Aid Internet Gateway (SAIG) mailbox or when the student submits the SAR to the institution.
3 Although the Secretary has set this deadline date for the submission of verification documents, if corrections are required, deadline dates for submission of paper
or electronic corrections and, for Pell Grant applicants and applicants selected for verification, deadline dates for the submission of a valid SAR or valid ISIR to the institution must still be met. An institution may establish an earlier deadline for the submission of verification documents for purposes of the campus-based programs
and the Direct Loan Program, but it cannot be later than this deadline date.
4 Note that changes to previously submitted Identity Verification Results must be updated within 30 days of the institution becoming aware that a change has
occurred.
TABLE B—PELL GRANT, IRAQ AND AFGHANISTAN SERVICE GRANT, DIRECT LOAN, AND TEACH GRANT PROGRAMS DEADLINE DATES FOR DISBURSEMENT INFORMATION BY INSTITUTIONS FOR THE 2017–2018 AWARD YEAR OR PROCESSING
YEAR 1
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Which program?
Pell Grant, Direct
Loan, TEACH
Grant, and Iraq and
Afghanistan Service
Grant programs.
An origination or disbursement record.
Under what
circumstances is
it submitted?
What is submitted?
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18:33 Jun 26, 2017
Jkt 241001
Where is it submitted?
The institution has made or intends to make a disbursement.
PO 00000
Frm 00039
Fmt 4703
To the Common Origination
and Disbursement (COD)
System using the Student
Aid InternetG Gateway
(SAIG); or to the COD
System using the COD
Web site at: www.cod.ed
.gov.
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27JNN1
What are the deadlines for disbursement and for submission
of records and information?
The earliest disbursement date
is October 18, 2016.
The earliest submission date
for anticipated disbursement
information is March 27,
2017.
The earliest submission date
for actual disbursement information is March 27, 2017,
but no earlier than:
Federal Register / Vol. 82, No. 122 / Tuesday, June 27, 2017 / Notices
29061
TABLE B—PELL GRANT, IRAQ AND AFGHANISTAN SERVICE GRANT, DIRECT LOAN, AND TEACH GRANT PROGRAMS DEADLINE DATES FOR DISBURSEMENT INFORMATION BY INSTITUTIONS FOR THE 2017–2018 AWARD YEAR OR PROCESSING
YEAR 1—Continued
Which program?
Under what
circumstances is
it submitted?
What is submitted?
Where is it submitted?
An origination or disbursement record.
The institution has made a disbursement and will submit
records on or before the
deadline submission date.
To COD using SAIG; or to
COD using the COD Web
site at:www.cod.ed.gov.
Direct Loan Program
An origination or disbursement record.
The institution has made a disbursement and will submit
records on or before the
deadline submission date.
To COD using SAIG; or to
COD using the COD Web
site at: www.cod.ed.gov.
Pell Grant and Iraq
and Afghanistan
Service Grant programs.
Pell Grant, Iraq and
Afghanistan Service
Grant programs.
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Pell Grant, Iraq and
Afghanistan Service
Grant, and TEACH
Grant programs.
A downward adjustment to an origination or disbursement record.
An origination or disbursement record.
TEACH Grant and
Direct Loan programs.
It is after the deadline submission date.
To COD using SAIG; or to
COD using the COD Web
site at: www.cod.ed.gov.
VerDate Sep<11>2014
18:33 Jun 26, 2017
Jkt 241001
It is after the deadline submission date and the institution
has received approval of its
request for an extension to
the deadline submission
date.
Requests for extensions to the
established
submission
deadlines may be made for
reasons, including, but not
limited to:.
(a) A program review or
initial audit finding under
34 CFR 690.83;.
(b) A late disbursement
under
34
CFR
668.164(j); or.
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What are the deadlines for disbursement and for submission
of records and information?
(a) 7 calendar days prior
to the disbursement
date under the advance
payment method or the
cash monitoring number
one payment method; or
(b) The disbursement date
under the reimbursement or cash monitoring
number two payment
method.
The deadline submission date 2
is the earlier of:
(a) 15 calendar days after
the institution makes a
disbursement or becomes aware of the
need to make an adjustment to previously reported disbursement
data, except that
records for disbursements made between
October 18, 2016 and
March 27, 2017 must be
submitted no later than
April 11, 2017; or
(b) September 28, 2018.
The deadline submission date 2
is the earlier of:
(a) 15 calendar days after
the institution makes a
disbursement or becomes aware of the
need to make an adjustment to previously reported disbursement
data, except that
records of disbursements made between
October 18, 2016 and
March 27, 2017, may be
submitted no later than
April 11, 2017; or
(b) July 31, 2019.
No later than September 29,
2023.
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Federal Register / Vol. 82, No. 122 / Tuesday, June 27, 2017 / Notices
TABLE B—PELL GRANT, IRAQ AND AFGHANISTAN SERVICE GRANT, DIRECT LOAN, AND TEACH GRANT PROGRAMS DEADLINE DATES FOR DISBURSEMENT INFORMATION BY INSTITUTIONS FOR THE 2017–2018 AWARD YEAR OR PROCESSING
YEAR 1—Continued
Which program?
Under what
circumstances is
it submitted?
What is submitted?
Where is it submitted?
(c) Disbursements previously blocked as a result of another institution
failing to post a downward adjustment..
Pell Grant and Iraq
and Afghanistan
Service Grant programs.
An origination or disbursement record.
Pell Grant and Iraq
and Afghanistan
Service Grant programs.
An origination or disbursement record.
Via the COD Web site at:
www.cod.ed.gov.
It is after the deadline submission date and the institution
has received approval of its
request for an extension to
the deadline submission date
based on a natural disaster,
other unusual circumstances,
or an administrative error
made by the Department.
It is after the deadline submission date and the institution
has received approval of its
request for administrative relief to extend the deadline
submission date based on a
student’s reentry to the institution within 180 days after
initially withdrawing.3
Via the COD Web site at:
www.cod.ed.gov.
Via the COD Web site at:
www.cod.ed.gov.
What are the deadlines for disbursement and for submission
of records and information?
The earlier of:
(a) When the institution is
fully reconciled and is
ready to submit all additional data for the program and the award
year; or
(b) September 29, 2023.
When the institution is fully reconciled and is ready to submit all additional data for the
program and the award year.
The earlier of:
(a) A date designated by
the Secretary after consultation with the institution; or
(b) February 1, 2019.
The earlier of:
(a) 15 days after the student reenrolls; or
(b) May 3, 2019.
1 A COD Processing Year is a period of time in which institutions are permitted to submit Direct Loan records to the COD System that are related to a given award year. For a Direct Loan, the period of time includes loans that have a loan period covering any day in the 2017–2018
award year.
2 Transmissions must be completed and accepted before the designated processing time on the deadline submission date. The designated
processing time is published annually via an electronic announcement posted to the Information for Financial Aid Professionals website
(www.ifap.ed.gov). If transmissions are started at the designated time, but are not completed until after the designated time, those transmissions
will not meet the deadline. In addition, any transmission submitted on or just prior to the deadline date that is rejected may not be reprocessed
because the deadline will have passed by the time the user gets the information notifying him or her of the rejection.
3 Applies only to students enrolled in clock-hour and nonterm credit-hour educational programs.
NOTE: The COD System must accept origination data for a student from an institution before it accepts disbursement information from the institution for that student. Institutions may submit origination and disbursement data for a student in the same transmission. However, if the origination data is rejected, the disbursement data is rejected.
[FR Doc. 2017–13436 Filed 6–26–17; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
Annual Notice of Interest Rates of
Federal Student Loans Made Under the
William D. Ford Federal Direct Loan
Program On or After July 1, 2013
Federal Student Aid,
Department of Education.
mstockstill on DSK30JT082PROD with NOTICES
AGENCY:
ACTION:
Notice.
The Acting Chief Operating
Officer for Federal Student Aid
announces the interest rates for loans
made under the William D. Ford Federal
Direct Loan (Direct Loan) Program on or
after July 1, 2017, but before July 1,
SUMMARY:
VerDate Sep<11>2014
18:33 Jun 26, 2017
Jkt 241001
2018. Catalog of Federal Domestic
Assistance (CFDA) Number: 84.268.
DATES: This notice is effective June 27,
2017.
FOR FURTHER INFORMATION CONTACT:
Rene Tiongquico, U.S. Department of
Education, 830 First Street NE., 11th
Floor, Washington, DC 20202.
Telephone: (202) 377–4270 or by email:
Rene.Tiongquico@ed.gov.
If you use a telecommunications
device for the deaf (TDD) or a text
telephone (TTY), call the Federal Relay
Service (FRS), toll free, at 1–800–877–
8339.
SUPPLEMENTARY INFORMATION: Section
455(b) of the Higher Education Act of
1965, as amended (HEA) (20 U.S.C.
1087e(b)), provides formulas for
determining the interest rates charged to
borrowers for loans made under the
PO 00000
Frm 00041
Fmt 4703
Sfmt 4703
Direct Loan Program including: Federal
Direct Subsidized Stafford Loans (Direct
Subsidized Loans); Federal Direct
Unsubsidized Stafford Loans (Direct
Unsubsidized Loans); Federal Direct
PLUS Loans (Direct PLUS Loans); and
Federal Direct Consolidation Loans
(Direct Consolidation Loans).
Direct Subsidized Loans, Direct
Unsubsidized Loans, and Direct PLUS
Loans (collectively, Direct Loans) first
disbursed on or after July 1, 2013, have
a fixed interest rate that is calculated
based on the high yield of the 10-year
Treasury notes auctioned at the final
auction held before June 1 of each year,
plus a statutory add-on percentage (a
‘‘margin’’). While the interest rate
determination for new loans will be
different from year to year, each of these
loans will have a fixed interest rate for
E:\FR\FM\27JNN1.SGM
27JNN1
]]>Agencies
[Federal Register Volume 82, Number 122 (Tuesday, June 27, 2017)]
[Notices]
[Pages 29058-29062]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-13436]
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DEPARTMENT OF EDUCATION
2017-2018 Award Year Deadline Dates for Reports and Other Records
Associated With the Free Application for Federal Student Aid (FAFSA),
the Federal Supplemental Educational Opportunity Grant Program, the
Federal Work-Study Programs, the Federal Perkins Loan Program, the
Federal Pell Grant Program, the William D. Ford Federal Direct Loan
Program, the Teacher Education Assistance for College and Higher
Education Grant Program, and the Iraq and Afghanistan Service Grant
Program
AGENCY: Federal Student Aid, Department of Education.
ACTION: Notice.
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Catalog Federal Domestic Assistance (CFDA) Numbers: 84.007 Federal
Supplemental Educational Opportunity Grant (FSEOG) Program; 84.033
Federal Work Study (FWS) Program; 84.038 Federal Perkins Loan (Perkins
Loan) Program; 84.063 Federal Pell Grant (Pell Grant) Program; 84.268
William D. Ford Federal Direct Loan (Direct Loan) Program; 84.379
Teacher Education Assistance for College and Higher Education (TEACH)
Grant Program; 84.408 Iraq and Afghanistan Service Grant Program.
SUMMARY: The Secretary announces deadline dates for the receipt of
documents and other information from applicants and institutions
participating in certain Federal student aid programs authorized under
title IV of the Higher Education Act of 1965, as amended (HEA), for the
2017-2018 award year. 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.
The Federal student aid programs (title IV, HEA programs) covered
by this deadline date notice are the Pell Grant, Direct Loan, TEACH
Grant, Iraq and Afghanistan Service Grant, and campus-based programs
(FSEOG, FWS, and Perkins Loan programs). The campus-based programs are
only covered by Table A of this deadline date notice.
DATES:
Deadline and Submission Dates: See Tables A and B at the end of
this notice.
FOR FURTHER INFORMATION CONTACT: Rene Tiongquico, U.S. Department of
Education, Federal Student Aid, 830 First Street NE., Union Center
Plaza, 11th Floor, Washington, DC 20202-5345. Telephone: (202) 377-4270
or by email: Rene.Tiongquico@ed.gov.
If you use a telecommunications device for the deaf (TDD) or a text
telephone (TTY), call the Federal Relay Service, toll free, at 1-800-
877-8339.
SUPPLEMENTARY INFORMATION:
Table A--2017-2018 Award Year Deadline Dates by Which a Student Must
Submit the FAFSA, by Which the Institution Must Receive the Student's
Institutional Student Information Record (ISIR) or Student Aid Report
(SAR), and by Which the Institution Must Submit Verification Outcomes
for Certain Students
Table A provides information and deadline dates for receipt of the
FAFSA, corrections to and signatures for the FAFSA, ISIRs, and SARs,
and verification documents.
The deadline date for the receipt of a FAFSA by the Department's
Central Processing System is June 30, 2018, regardless of the method
that the applicant uses to submit the FAFSA. The deadline date for the
receipt of a signature page for the FAFSA (if required), corrections,
notices of change of address or school, or requests for a duplicate SAR
is September 15, 2018.
For all title IV, HEA programs, an ISIR or SAR for the student must
be received by the institution no later than the student's last date of
enrollment for the 2017-2018 award year or September 22, 2018,
whichever is earlier. Note that a FAFSA must be submitted and an ISIR
or SAR received for the dependent student for whom a parent is applying
for a Direct PLUS Loan.
Except for students selected for Verification Tracking Groups V4
and V5, verification documents must be received by the institution no
later than 120 days after the student's last date of enrollment for the
2017-2018 award year or September 22, 2018, whichever is earlier. For
students selected for Verification Tracking Groups V4 and V5,
institutions must submit identity and high school completion status
verification results no later than 60 days following the institution's
first request to the student to submit the documentation.
For all title IV, HEA programs except for (1) Direct PLUS Loans
that will be made to parent borrowers, and (2) Direct Unsubsidized
Loans that will be made to dependent students who have been determined
by the institution, pursuant to section 479A(a) of the HEA, to be
eligible for such a loan without providing parental information on the
FAFSA, the ISIR or SAR must have an official expected family
contribution (EFC) and the ISIR or SAR must be received by the
institution no later than the earlier of the student's last date of
enrollment for the 2017-2018 award year or September 22, 2018.
For a student who is requesting aid through the Pell Grant, FSEOG,
FWS, and Federal Perkins Loan programs or for a student requesting
Direct Subsidized Loans, who does not meet the conditions for a late
disbursement under 34 CFR 668.164(j), a valid ISIR or valid SAR must be
received by the institution by the student's last date of enrollment
for the 2017-2018 award year or September 22, 2018, whichever is
earlier.
In accordance with 34 CFR 668.164(j)(4)(i), an institution may not
make a late disbursement of title IV, HEA program funds later than 180
days after the date of the institution's determination that the student
was no longer enrolled. Table A provides that, to make a late
disbursement of title IV student assistance funds, an institution must
receive a valid ISIR or valid SAR no later than 180 days after its
[[Page 29059]]
determination that the student was no longer enrolled, but not later
than September 22, 2018.
Table B--2017-2018 Award Year Pell Grant, Iraq and Afghanistan Service
Grant, Direct Loan, and TEACH Grant Programs Deadline Dates for
Disbursement by Institutions
Table B provides the earliest disbursement date and the earliest
and latest dates for institutions to submit Pell Grant, Iraq and
Afghanistan Service Grant, Direct Loan, and TEACH Grant disbursement
records to the Department's Common Origination and Disbursement (COD)
System and deadline dates for such records if an institution requests
and receives approval to submit such records after the established
deadline.
An institution must submit Pell Grant, Iraq and Afghanistan Service
Grant, Direct Loan, and TEACH Grant disbursement records to COD, no
later than 15 days after making the disbursement or becoming aware of
the need to adjust a previously reported disbursement. In accordance
with 34 CFR 668.164(a), title IV, HEA program funds are disbursed on
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. Title
IV, HEA program 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 timeframe may result in the Department rejecting all or part
of the reported disbursement. Such failure may also result in an audit
or program review finding or the initiation of an adverse action, such
as a fine or other penalty for such failure, in accordance with subpart
G of the General Provisions regulations in 34 CFR part 668.
Deadline Dates for Enrollment Reporting by Institutions
In accordance with 34 CFR 674.19(f), 34 CFR 682.610(c), 34 CFR
685.309(b), and 34 CFR 690.83(b)(2), upon receipt of an enrollment
report from the Secretary, institutions must update all information
included in the report and return the report to the Secretary in a
manner and format prescribed by the Secretary and within the timeframe
prescribed by the Secretary. Consistent with the National Student Loan
Data System (NSLDS) Enrollment Reporting Guide, the Secretary has
determined that institutions must report at least every two months.
Institutions may find the NSLDS Enrollment Reporting Guide on the
Information for Financial Aid Professionals Web site at https://www.ifap.ed.gov.
Other Sources for Detailed Information
We publish a detailed discussion of the Federal student aid
application process in the 2017-2018 Federal Student Aid Handbook and
in the 2017-2018 ISIR Guide.
Additional information on the institutional reporting requirements
for the Pell Grant, Iraq and Afghanistan Service Grant, Direct Loan,
and TEACH Grant programs is included in the 2017-2018 Common
Origination and Disbursement (COD) Technical Reference. Also, see the
NSLDS Enrollment Reporting Guide.
You may access these publications by selecting the ``iLibrary''
link at the Information for Financial Aid Professionals Web site at:
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.
(3) William D. Ford Direct Loan Program, 34 CFR part 685.
(4) Teacher Education Assistance for College and Higher Education
Grant Program, 34 CFR part 686.
Accessible Format: Individuals with disabilities can obtain this
document in an accessible format (e.g., braille, large print,
audiotape, or compact disc) on request to the program contact person
listed under FOR FURTHER INFORMATION CONTACT.
Electronic Access to This Document: 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 via the Federal Digital System
at: www.gpo.gov/fdsys. At this site you can view this document, as well
as all other documents of this Department published in the Federal
Register, in text or Portable Document Format (PDF). To use PDF you
must have Adobe Acrobat Reader, which is available free at the site.
You may also access documents of the Department published in the
Federal Register by using the article search feature at:
www.federalregister.gov. Specifically, through the advanced search
feature at this site, you can limit your search to documents published
by the Department.
Program Authority: 20 U.S.C. 1070a, 1070a-1, 1070b-1070b-4,
1070g, 1070h, 1087a-1087j, and 1087aa-1087ii; 42 U.S.C. 2751-2756b.
Dated: June 22, 2017.
Matthew D. Sessa,
Acting Chief Operating Officer, Federal Student Aid.
Table A--2017-2018 Award Year Deadline Dates by Which a Student Must Submit the FAFSA, by Which the Institution
Must Receive the Student's Institutional Student Information Record (ISIR) or Student Aid Report (SAR), and by
Which the Institution Must Submit Verification Outcomes for Certain Students
----------------------------------------------------------------------------------------------------------------
What is the deadline
Who submits? What is submitted? Where is it submitted? date for receipt?
----------------------------------------------------------------------------------------------------------------
Student.......................... FAFSA--``FAFSA on the Electronically to the June 30, 2018.\1\
Web'' (original or Department's Central
renewal). Processing System (CPS).
Signature page (if To the address printed September 15, 2018.
required). on the signature page.
Student through an Institution... An electronic FAFSA Electronically to the June 30, 2018.\1\
(original or renewal). Department's CPS using
``Electronic Data
Exchange'' (EDE) or
``FAA Access to CPS
Online''.
Student.......................... A paper original FAFSA... To the address printed June 30, 2018.
on the FAFSA or
envelope provided with
the FAFSA.
Student.......................... Electronic corrections to Electronically to the September 15, 2018.\1\
the FAFSA using Department's CPS.
``Corrections on the
Web''.
Signature page (if To the address printed September 15, 2018.
required). on the signature page.
Student through an Institution... Electronic corrections to Electronically to the September 15, 2018.\1\
the FAFSA. Department's CPS using
EDE or ``FAA Access to
CPS Online''.
Student.......................... Paper corrections to the To the address printed September 15, 2018.
FAFSA using a SAR, on the SAR.
including change of
mailing and email
addresses and change of
institutions.
[[Page 29060]]
Student.......................... Change of mailing and To the Federal Student September 15, 2018.
email addresses, change Aid Information Center
of institutions, or by calling 1-800-433-
requests for a duplicate 3243.
SAR.
Student.......................... A SAR with an official To the institution...... The earlier of:
EFC calculated by the --The student's last
Department's CPS, except date of enrollment for
for Parent PLUS Loans the 2017-2018 award
and Direct Unsubsidized year; or
Loans made to a --September 22, 2018.\2\
dependent student under
HEA section 479A(a), for
which the ISIR does not
need to have an official
EFC.
Student through CPS.............. An ISIR with an official To the institution from
EFC calculated by the the Department's CPS.
Department's CPS, except
for Parent PLUS Loans
and Direct Unsubsidized
Loans made to a
dependent student under
HEA section 479A(a), for
which the ISIR does not
need to have an official
EFC.
Student.......................... Valid SAR (Pell Grant, To the institution...... Except for a student
FSEOG, FWS, Perkins ........................ meeting the conditions
Student through CPS.............. Loan, and Direct To the institution from for a late disbursement
Subsidized Loans). the Department's CPS. under 34 CFR
Valid ISIR (Pell Grant, 668.164(j), the earlier
FSEOG, FWS, Perkins of:
Loan, and Direct --The student's last
Subsidized Loans). date of enrollment for
the 2017-2018 award
year; or
--September 22, 2018.\2\
Student.......................... Valid SAR (Pell Grant, To the institution...... For a student receiving
FSEOG, FWS, Perkins ........................ a late disbursement
Student through CPS.............. Loan, and Direct To the institution from under 34 CFR
Subsidized Loans). the Department's CPS. 668.164(j)(4)(i), the
Valid ISIR (Pell Grant, earlier of:
FSEOG, FWS, Perkins --180 days after the
Loan, and Direct date of the
Subsidized Loans). institution's
determination that the
student withdrew or
otherwise became
ineligible; or
--September 22, 2018.\2\
Student.......................... Verification documents... To the institution...... The earlier of: \3\
--120 days after the
student's last date of
enrollment for the 2017-
2018 award year; or
--September 22, 2018.\2\
Institution...................... Identity and high school Electronically to the 60 days following the
completion verification Department's CPS using institution's first
results for a student ``FAA Access to CPS request to the student
selected for Online''. to submit the required
verification by the V4 or V5 identity and
Department and placed in high school completion
Verification Tracking documentation.\4\
Group V4 or V5.
----------------------------------------------------------------------------------------------------------------
\1\ The deadline for electronic transactions is 11:59 p.m. (Central Time) on the deadline date. Transmissions
must be completed and accepted before 12:00 midnight to meet the deadline. If transmissions are started before
12:00 midnight but are not completed until after 12:00 midnight, those transmissions do not meet the deadline.
In addition, any transmission submitted on or just prior to the deadline date that is rejected may not be
reprocessed because the deadline will have passed by the time the user gets the information notifying him or
her of the rejection.
\2\ The date the ISIR/SAR transaction was processed by CPS is considered to be the date the institution received
the ISIR or SAR regardless of whether the institution has downloaded the ISIR from its Student Aid Internet
Gateway (SAIG) mailbox or when the student submits the SAR to the institution.
\3\ Although the Secretary has set this deadline date for the submission of verification documents, if
corrections are required, deadline dates for submission of paper or electronic corrections and, for Pell Grant
applicants and applicants selected for verification, deadline dates for the submission of a valid SAR or valid
ISIR to the institution must still be met. An institution may establish an earlier deadline for the submission
of verification documents for purposes of the campus-based programs and the Direct Loan Program, but it cannot
be later than this deadline date.
\4\ Note that changes to previously submitted Identity Verification Results must be updated within 30 days of
the institution becoming aware that a change has occurred.
Table B--Pell Grant, Iraq and Afghanistan Service Grant, Direct Loan, and TEACH Grant Programs Deadline Dates
for Disbursement Information by Institutions for the 2017-2018 Award Year or Processing Year \1\
----------------------------------------------------------------------------------------------------------------
What are the
deadlines for
Under what Where is it disbursement and
Which program? What is submitted? circumstances is submitted? for submission of
it submitted? records and
information?
----------------------------------------------------------------------------------------------------------------
Pell Grant, Direct Loan, TEACH An origination or The institution To the Common The earliest
Grant, and Iraq and Afghanistan disbursement has made or Origination and disbursement date
Service Grant programs. record. intends to make a Disbursement is October 18,
disbursement. (COD) System 2016.
using the Student The earliest
Aid Internet submission date
Gateway (SAIG); for anticipated
or to the COD disbursement
System using the information is
COD Web site at: March 27, 2017.
www.cod.ed.gov. The earliest
submission date
for actual
disbursement
information is
March 27, 2017,
but no earlier
than:
[[Page 29061]]
(a) 7 calendar
days prior to
the
disbursement
date under the
advance
payment method
or the cash
monitoring
number one
payment
method; or
(b) The
disbursement
date under the
reimbursement
or cash
monitoring
number two
payment
method.
Pell Grant, Iraq and Afghanistan An origination or The institution To COD using SAIG; The deadline
Service Grant, and TEACH Grant disbursement has made a or to COD using submission date
programs. record. disbursement and the COD Web site \2\ is the
will submit at:www.cod.ed.gov. earlier of:
records on or (a) 15 calendar
before the days after the
deadline institution makes
submission date. a disbursement or
becomes aware of
the need to make
an adjustment to
previously
reported
disbursement
data, except that
records for
disbursements
made between
October 18, 2016
and March 27,
2017 must be
submitted no
later than April
11, 2017; or
(b) September 28,
2018.
Direct Loan Program............. An origination or The institution To COD using SAIG; The deadline
disbursement has made a or to COD using submission date
record. disbursement and the COD Web site \2\ is the
will submit at: earlier of:
records on or www.cod.ed.gov. (a) 15 calendar
before the days after the
deadline institution makes
submission date. a disbursement or
becomes aware of
the need to make
an adjustment to
previously
reported
disbursement
data, except that
records of
disbursements
made between
October 18, 2016
and March 27,
2017, may be
submitted no
later than April
11, 2017; or
(b) July 31, 2019.
Pell Grant and Iraq and A downward It is after the To COD using SAIG; No later than
Afghanistan Service Grant adjustment to an deadline or to COD using September 29,
programs. origination or submission date. the COD Web site 2023.
disbursement at:
record. www.cod.ed.gov.
Pell Grant, Iraq and Afghanistan An origination or It is after the
Service Grant programs. disbursement deadline
record. submission date
TEACH Grant and and the
Direct Loan institution has
programs. received approval
of its request
for an extension
to the deadline
submission date.
Requests for
extensions to the
established
submission
deadlines may be
made for reasons,
including, but
not limited to:.
(a) A program
review or
initial audit
finding under
34 CFR 690.83;.
(b) A late
disbursement
under 34 CFR
668.164(j); or.
[[Page 29062]]
(c) Via the COD Web The earlier of:
Disbursements site at: (a) When the
previously www.cod.ed.gov. institution is
blocked as a fully reconciled
result of and is ready to
another submit all
institution additional data
failing to for the program
post a and the award
downward year; or
adjustment.. (b) September 29,
2023.
When the
institution is
fully reconciled
and is ready to
submit all
additional data
for the program
and the award
year.
Pell Grant and Iraq and An origination or It is after the Via the COD Web The earlier of:
Afghanistan Service Grant disbursement deadline site at: (a) A date
programs. record. submission date www.cod.ed.gov. designated by the
and the Secretary after
institution has consultation with
received approval the institution;
of its request or
for an extension (b) February 1,
to the deadline 2019.
submission date
based on a
natural disaster,
other unusual
circumstances, or
an administrative
error made by the
Department.
Pell Grant and Iraq and An origination or It is after the Via the COD Web The earlier of:
Afghanistan Service Grant disbursement deadline site at: (a) 15 days after
programs. record. submission date www.cod.ed.gov. the student
and the reenrolls; or
institution has (b) May 3, 2019.
received approval
of its request
for
administrative
relief to extend
the deadline
submission date
based on a
student's reentry
to the
institution
within 180 days
after initially
withdrawing.\3\
----------------------------------------------------------------------------------------------------------------
\1\ A COD Processing Year is a period of time in which institutions are permitted to submit Direct Loan records
to the COD System that are related to a given award year. For a Direct Loan, the period of time includes loans
that have a loan period covering any day in the 2017-2018 award year.
\2\ Transmissions must be completed and accepted before the designated processing time on the deadline
submission date. The designated processing time is published annually via an electronic announcement posted to
the Information for Financial Aid Professionals website (www.ifap.ed.gov). If transmissions are started at the
designated time, but are not completed until after the designated time, those transmissions will not meet the
deadline. In addition, any transmission submitted on or just prior to the deadline date that is rejected may
not be reprocessed because the deadline will have passed by the time the user gets the information notifying
him or her of the rejection.
\3\ Applies only to students enrolled in clock-hour and nonterm credit-hour educational programs.
NOTE: The COD System must accept origination data for a student from an institution before it accepts
disbursement information from the institution for that student. Institutions may submit origination and
disbursement data for a student in the same transmission. However, if the origination data is rejected, the
disbursement data is rejected.
[FR Doc. 2017-13436 Filed 6-26-17; 8:45 am]
BILLING CODE 4000-01-P
