Applications, Reports, and Other Records for the 2011-2012 Award Year: Student Assistance General Provisions, Federal Supplemental Educational Opportunity Grant, Federal Work-Study, Federal Perkins Loan, Federal Pell Grant, etc., 38784-38789 [2012-16034]

Download as PDF 38784 Federal Register / Vol. 77, No. 126 / Friday, June 29, 2012 / Notices NOTIFICATION PROCEDURE: Individuals seeking to determine whether this system of records contains information about themselves should address written inquiries to Commander, Naval Supply Systems Command, Navy Cash Program Office (N3/4), 5450 Carlisle Pike, Building 309, Mechanicsburg, PA 17055–0791. The request should be signed and include full name, last four digits of Social Security Number (SSN), rate/ rank, and a complete mailing address. The system manager may require an original signature or a notarized signature as a means of proving the identity of the individual requesting access to the records. RECORD ACCESS PROCEDURES: Individuals seeking access to records about themselves contained in this system of records should address written inquiries to Commander, Naval Supply Systems Command, Navy Cash Program Office (N3/4), 5450 Carlisle Pike, Building 309, Mechanicsburg, PA 17055–0791. The request should be signed and include full name, last four digits of Social Security Number (SSN), rate/ rank, and a complete mailing address. The system manager may require an original signature or a notarized signature as a means of proving the identity of the individual requesting access to the records. CONTESTING RECORD PROCEDURES: The Navy’s rules for accessing records, and for contesting contents and appealing initial agency determinations are published in Secretary of the Navy Instruction 5211.5; 32 CFR part 701; or may be obtained from the system manager. RECORD SOURCE CATEGORIES: Individual. EXEMPTIONS CLAIMED FOR THE SYSTEM: An exemption rule for this system has been promulgated in accordance with the requirements of 5 U.S.C. 553(b)(1), (2) and (3)(c) and (e) and it published at 32 CFR part 701. [FR Doc. 2012–15953 Filed 6–28–12; 8:45 am] mstockstill on DSK4VPTVN1PROD with NOTICES BILLING CODE 5001–06–P DEPARTMENT OF EDUCATION Notice of Proposed Information Collection Requests; Federal Student Aid; Federal Perkins Loan Program/ NDSL Assignment Form SUMMARY: The Federal Perkins Loan Program allows for assignment of VerDate Mar<15>2010 16:52 Jun 28, 2012 Jkt 226001 certain defaulted loans from schools to continued collection efforts when the school has exhausted all of its efforts in recovering an outstanding loan. The Perkins Assignment Form serves as the transmittal document in the assignment of such loans to the Federal Government. DATES: Interested persons are invited to submit comments on or before August 28, 2012. ADDRESSES: Written comments regarding burden and/or the collection activity requirements should be electronically mailed to ICDocketMgr@ed.gov or mailed to U.S. Department of Education, 400 Maryland Avenue SW., LBJ, Washington, DC 20202–4537. Copies of the proposed information collection request may be accessed from https://edicsweb.ed.gov, by selecting the ‘‘Browse Pending Collections’’ link and by clicking on link number 04886. When you access the information collection, click on ‘‘Download Attachments’’ to view. Written requests for information should be addressed to U.S. Department of Education, 400 Maryland Avenue SW., LBJ, Washington, DC 20202–4537. Requests may also be electronically mailed to ICDocketMgr@ed.gov or faxed to 202–401–0920. Please specify the complete title of the information collection and OMB Control Number when making your request. Individuals who use a telecommunications device for the deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1–800–877– 8339. SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35) requires that Federal agencies provide interested parties an early opportunity to comment on information collection requests. The Acting Director, Information Collection Clearance Division, Privacy, Information and Records Management Services, Office of Management, publishes this notice containing proposed information collection requests at the beginning of the Departmental review of the information collection. The Department of Education is especially interested in public comment addressing the following issues: (1) Is this collection necessary to the proper functions of the Department; (2) will this information be processed and used in a timely manner; (3) is the estimate of burden accurate; (4) how might the Department enhance the quality, utility, and clarity of the information to be collected; and (5) how might the Department minimize the burden of this collection on the respondents, including through the use PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 of information technology. Please note that written comments received in response to this notice will be considered public records. Title of Collection: Federal Perkins Loan Program/NDSL Assignment Form. OMB Control Number: 1845–0048. Type of Review: Extension. Total Estimated Number of Annual Responses: 14,055. Total Estimated Number of Annual Burden Hours: 7,028. Abstract: Schools participating in the Federal Perkins Loan Program, formerly the National Direct/Defense Student Loan Program (NDSL), currently use this form to assign defaulted loans to the U.S. Department of Education (the Department) for collection. These defaulted loans may, as outlined in 20 U.S.C. 1087cc and under program regulations 34 CFR 674.50, be assigned to the Federal government (i.e., U.S. Department of Education) for collection when the school has exhausted all efforts in the recovery of the outstanding loan. In addition, schools use this form to assign loans for which a school has approved a total and permanent disability discharge request, in accordance with 34 CFR 674.61(b) (2) (v). Dated: June 26, 2012. Tomakie Washington, Acting Director, Information Collection Clearance Division, Privacy, Information and Records Management Services, Office of Management. [FR Doc. 2012–15996 Filed 6–28–12; 8:45 am] BILLING CODE 4000–01–P DEPARTMENT OF EDUCATION Applications, Reports, and Other Records for the 2011–2012 Award Year: Student Assistance General Provisions, Federal Supplemental Educational Opportunity Grant, Federal Work-Study, Federal Perkins Loan, Federal Pell Grant, etc. AGENCY: Federal Student Aid, Department of Education. ACTION: Notice. Overview Information Catalog Federal Domestic Assistance (CFDA) Numbers: 84.007 Federal Supplemental Educational Opportunity Grant Program; 84.033 Federal Work-Study Programs; 84.038 Federal Perkins Loan Program; 84.063 Federal Pell Grant Program; 84.268 William D. Ford Federal Direct Loan Program; 84.379 Teacher Education Assistance for College and Higher Education Grant Program; 84.408 Iraq and Afghanistan Service Grant Program. E:\FR\FM\29JNN1.SGM 29JNN1 Federal Register / Vol. 77, No. 126 / Friday, June 29, 2012 / Notices SUMMARY: mstockstill on DSK4VPTVN1PROD with NOTICES 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 2011– 2012 award year. The Federal student aid programs include the Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), Federal Perkins Loan, Federal Pell Grant, William D. Ford Federal Direct Loan (Direct Loan), Teacher Education Assistance for College and Higher Education (TEACH) Grant, and the Iraq and Afghanistan Service Grant 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, B, and C at the end of this notice. Table A—Deadline Dates for Application Processing and Receipt of Institutional Student Information Records (ISIRs) or Student Aid Reports (SARs) by Institutions for the 2011– 2012 Award Year Table A provides information and deadline dates for application processing, including receipt of the Free Application for Federal Student Aid (FAFSA) and corrections to and signatures for the FAFSA, receipt of ISIRs and SARs, and receipt of verification documents. The deadline date for the receipt of a FAFSA by the Department’s Central Processing System is June 30, 2012, 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, changes of addresses or schools, or requests for a duplicate SAR is September 21, 2012. Verification documents must be received by the institution no later than the earlier of 120 days after the student’s last date of enrollment or September 28, 2012. As a reminder, verification is not required for unsubsidized Direct Stafford Loans and PLUS Loans, TEACH Grants, and Iraq and Afghanistan Service Grants. For all Federal student aid programs except Direct PLUS Loans made to parent borrowers, an ISIR or SAR with an official expected family contribution must be received by the institution no later than the earlier of the student’s last date of enrollment for the 2011–2012 VerDate Mar<15>2010 16:52 Jun 28, 2012 Jkt 226001 award year or September 28, 2012. For Direct PLUS Loans made to parent borrowers, FAFSA information processed by the Secretary must be received by the institution no later than the earlier of the student’s last date of enrollment for the 2011–2012 award year or September 28, 2012. For purposes of only the Federal Pell Grant Program, a valid ISIR or a valid SAR for a student not meeting the conditions for a late disbursement must be received no later than the earlier of the student’s last date of enrollment or September 28, 2012. A valid ISIR or valid SAR for a student meeting the conditions for a late disbursement under the Federal Pell Grant, FSEOG, FWS, Federal Perkins Loan or Direct Subsidized Loan programs must be received according to the deadline dates provided in Table A. In accordance with the regulations in 34 CFR 668.164(g)(4)(i), an institution may not make a late disbursement later than 180 days after the date of the institution’s determination that the student withdrew, as provided in 34 CFR 668.22, or for a student who did not withdraw, 180 days after the date the student otherwise became ineligible. Table A provides that an institution must receive a valid ISIR or valid SAR no later than 180 days after its determination of a student’s withdrawal or, for a student who did not withdraw, 180 days after the date the student otherwise became ineligible, but not later than September 28, 2012. Table B—Federal Pell Grant Program and Iraq and Afghanistan Service Grant Program Submission Dates for Disbursement Information by Institutions for the 2011–2012 Award Year Table B provides the earliest submission and deadline dates for institutions to submit Federal Pell Grant and Iraq and Afghanistan Service Grant disbursement records to the Department’s Common Origination and Disbursement (COD) System and deadline dates for requests for administrative relief if the institution cannot meet the established deadline for specified reasons. In general, an institution must submit Federal Pell Grant or Iraq and Afghanistan Service Grant disbursement records no later than 30 days after making a Federal Pell Grant or Iraq and Afghanistan Service Grant disbursement or becoming aware of the need to adjust a student’s previously reported Federal Pell Grant or Iraq and Afghanistan Service Grant disbursement. In accordance with the regulations in 34 CFR 668.164, we consider that Federal Pell Grant and Iraq and Afghanistan PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 38785 Service Grant funds are disbursed on the date that the institution: (a) Credits those funds to a student’s account at the institution or (b) pays those funds to a student directly. We consider that Federal Pell Grant and Iraq and Afghanistan Service 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, in accordance with subpart G of part 668. Table C—William D. Ford Federal Direct Loan (Direct Loan) Program and Teacher Education Assistance for College and Higher Education (TEACH) Grant Program Submission Dates for Disbursement Information by Institutions for the 2011–2012 COD Processing Year Table C provides the earliest submission and deadline dates for institutions to submit Direct Loan and TEACH Grant disbursement records to the Department’s COD System. In general, an institution must submit Direct Loan or TEACH Grant disbursement records no later than 30 days after making a Direct Loan or TEACH Grant disbursement or becoming aware of the need to adjust a student’s previously reported Direct Loan or TEACH Grant disbursement. In accordance with the regulations in 34 CFR 668.164, we consider that Direct Loan and TEACH Grant funds are disbursed on the date that the institution: (a) Credits those funds to a student’s account at the institution, or (b) pays those funds to a student directly. We consider that Direct Loan and TEACH 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: • 2011–2012 Funding Education Beyond High School. • 2011–2012 Counselors and Mentors Handbook. • 2011–2012 ISIR Guide. E:\FR\FM\29JNN1.SGM 29JNN1 38786 Federal Register / Vol. 77, No. 126 / Friday, June 29, 2012 / Notices • 2011–2012 Federal Student Aid Handbook. Additional information on the institutional reporting requirements for the Federal Pell Grant Program, Iraq and Afghanistan Service Grant Program, Direct Loan Program, and TEACH Grant Program is contained in the 2011–2012 COD Technical Reference. You may access these publications by selecting the ‘‘Publications’’ 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, and (4) Teacher Education Assistance for College and Higher Education Grant Program, 34 CFR part 686. FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of Education, Federal Student Aid, 830 First Street, NE., Union Center Plaza, Room 114I1, Washington, DC 20202–5345. Telephone: (202) 377–3681. Email: Ian.Foss@ed.gov. If you use a telecommunications device for the deaf (TDD) or text telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1–800–877– 8339. 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 Adobe 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 26, 2012. James W. Runcie, Chief Operating Officer, Federal Student Aid. TABLE A—DEADLINE DATES FOR APPLICATION PROCESSING AND RECEIPT OF INSTITUTIONAL STUDENT INFORMATION RECORDS (ISIRS) OR STUDENT AID REPORTS (SARS) BY INSTITUTIONS FOR THE 2011–2012 AWARD YEAR Who submits? What is submitted? Where is it submitted? Student .................... Free Application for Federal Student Aid (FAFSA)—‘‘FAFSA on the Web’’ (original or renewal). Signature Page (if required) ................. Electronically to the Department’s Central Processing System (CPS). June 30, 2012.1 To the address printed on the signature page. Electronically to the Department’s CPS September 21, 2012. Student through an Institution. Student .................... An electronic FAFSA (original or renewal). A paper original FAFSA ....................... Student .................... Electronic corrections to the FAFSA using ‘‘Corrections on the Web’’. Signature Page (if required) ................. Student through an Institution. Student .................... Student .................... Student .................... mstockstill on DSK4VPTVN1PROD with NOTICES Student through CPS. Student .................... Student through CPS. VerDate Mar<15>2010 To the address printed on the FAFSA or envelope provided with the form. Electronically to the Department’s CPS What is the deadline date for receipt? June 30, 2012.1 June 30, 2012. September 21, 2012.1 To the address printed on the signature page. Electronically to the Department’s CPS September 21, 2012.1 Paper corrections to the FAFSA using a SAR, including change of mailing and email addresses or institutions. Change of mailing and email addresses, change of institutions, or requests for a duplicate SAR. SAR with an official expected family contribution (EFC) calculated by the Department’s CPS (except for Parent Direct PLUS). ISIR with an official EFC calculated by the Department’s CPS (except for Parent Direct PLUS). To the address printed on the SAR ..... September 21, 2012. To the Federal Student Aid Information Center by calling 1–800–433–3243. September 21, 2012. To the institution ................................... Valid SAR (Pell Grant Only) ................ Valid ISIR (Pell Grant Only) ................. To the institution ................................... To the institution from the Department’s CPS. The earlier of: —the student’s last date of enrollment; or —September 28, 2012.2 The earlier of: —the student’s last date of enrollment; or —September 28, 2012.2 Except for a student meeting the conditions for a late disbursement under 34 CFR 668.164(g), the earlier of: —the student’s last date of enrollment; or —September 28, 2012.2 Electronic corrections to the FAFSA .... 16:52 Jun 28, 2012 Jkt 226001 PO 00000 Frm 00022 To the institution from the Department’s CPS. Fmt 4703 Sfmt 4703 E:\FR\FM\29JNN1.SGM September 21, 2012. 29JNN1 Federal Register / Vol. 77, No. 126 / Friday, June 29, 2012 / Notices 38787 TABLE A—DEADLINE DATES FOR APPLICATION PROCESSING AND RECEIPT OF INSTITUTIONAL STUDENT INFORMATION RECORDS (ISIRS) OR STUDENT AID REPORTS (SARS) BY INSTITUTIONS FOR THE 2011–2012 AWARD YEAR—Continued Who submits? What is submitted? Where is it submitted? What is the deadline date for receipt? Student .................... Student through CPS. Valid SAR ............................................. Valid ISIR ............................................. To the institution ................................... To the institution from the Department’s CPS. Student .................... Verification documents ......................... To the institution ................................... For a student receiving a late disbursement under 34 CFR 668.164(g)(4)(i), the earlier of: —180 days after the date of the institution’s determination that the student withdrew or otherwise became ineligible; or —September 28, 2012.2 The earlier of: 3 —120 days after the student’s last date of enrollment; or —September 28, 2012.2 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/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 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 a Federal Pell Grant and applicants selected for verification, 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 Federal Direct Loan Program, but no later than this deadline date. TABLE B—FEDERAL PELL GRANT PROGRAM AND IRAQ AND AFGHANISTAN SERVICE GRANT PROGRAM SUBMISSION DATES FOR DISBURSEMENT INFORMATION BY INSTITUTIONS FOR THE 2011–2012 AWARD YEAR What is submitted? Where is it submitted? Institutions ............... mstockstill on DSK4VPTVN1PROD with NOTICES Who submits? At least one acceptable disbursement record must be submitted for each Federal Pell Grant recipient and Iraq and Afghanistan Service Grant recipient at the institution. For the Federal Pell Grant Program only using the Student Aid Internet Gateway (SAIG); or, for the Federal Pell Grant Program or the Iraq and Afghanistan Service Grant, to the Common Origination and Disbursement (COD) System using the COD Web site at: www.cod.ed.gov. VerDate Mar<15>2010 16:52 Jun 28, 2012 Jkt 226001 PO 00000 Frm 00023 Fmt 4703 Sfmt 4703 E:\FR\FM\29JNN1.SGM What are the earliest disbursement, submission, and deadline dates for receipt? Earliest Disbursement Date: February 1, 2011. Earliest Submission Dates: An institution may submit anticipated disbursement information as early as February 21, 2011. An institution may submit actual disbursement information as early as February 21, 2011, but no earlier than: (a) 7 calendar days prior to the disbursement date under the advance payment method; (b) 7 calendar days prior to the disbursement date under the Cash Monitoring #1 payment method; or (c) The date of disbursement under the Reimbursement or Cash Monitoring #2 payment methods. Deadline Submission Dates: Except as provided below, an institution is required to submit disbursement information no later than the earlier of: (a) 30 calendar days after the institution makes a disbursement or becomes aware of the need to make an adjustment to previously reported disbursement data; or (b) October 1, 2012.1 An institution may submit disbursement information after October 1, 2012, only: (a) for a downward adjustment of a previously reported award or disbursement; 29JNN1 38788 Federal Register / Vol. 77, No. 126 / Friday, June 29, 2012 / Notices TABLE B—FEDERAL PELL GRANT PROGRAM AND IRAQ AND AFGHANISTAN SERVICE GRANT PROGRAM SUBMISSION DATES FOR DISBURSEMENT INFORMATION BY INSTITUTIONS FOR THE 2011–2012 AWARD YEAR—Continued Who submits? Institutions ............... Institutions ............... What is submitted? Where is it submitted? Request for administrative relief based on a natural disaster or other unusual circumstances, or an administrative error made by the Department. Request for administrative relief if a student reenters the institution within 180 days after initially withdrawing and the institution is reporting a disbursement for the student within 30 days of the student’s reenrollment but after October 1, 2012 2. Via COD Web site at: www.cod.ed.gov Via COD Web site at: www.cod.ed.gov What are the earliest disbursement, submission, and deadline dates for receipt? (b) based upon a program review or initial audit finding per 34 CFR 690.83; (c) for reporting a late disbursement under 34 CFR 668.164(g); or (d) for reporting disbursements previously blocked as a result of another institution failing to post a downward adjustment. The earlier of: —a date designated by the Secretary after consultation with the institution; or —February 1, 2013. The earlier of: —30 days after the student reenrolls; or —May 3, 2013. 1 The deadline for electronic transactions is 11:59 p.m. (Eastern Time) on October 1, 2012. 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 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/her of the rejection. 2 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. TABLE C—WILLIAM D. FORD FEDERAL DIRECT LOAN (DIRECT LOAN) PROGRAM AND TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT PROGRAM SUBMISSION DATES FOR DISBURSEMENT INFORMATION BY INSTITUTIONS FOR THE 2011–2012 COD PROCESSING YEAR 1 What is submitted? Where is it submitted? What are the earliest submission and deadline dates for receipt? Institutions ............... mstockstill on DSK4VPTVN1PROD with NOTICES Who submits? At least one acceptable disbursement record must be submitted for each Direct Loan and TEACH Grant recipient at the institution. To the Student Aid Internet Gateway (SAIG) or to the Common Origination and Disbursement (COD) System using the COD Web site at: www.cod.ed.gov. Earliest Disbursement Date: June 21, 2008. Earliest Submission Dates: An institution may submit anticipated disbursement information as early as February 21, 2011. An institution may submit actual disbursement information as early as February 21, 2011, but no earlier than: (a) 7 calendar days prior to the disbursement date under the advance payment method; (b) 7 calendar days prior to the disbursement date under the Cash Monitoring #1 payment method; or (c) The date of disbursement under the Reimbursement or Cash Monitoring #2 payment methods. Deadline Submission Dates: VerDate Mar<15>2010 16:52 Jun 28, 2012 Jkt 226001 PO 00000 Frm 00024 Fmt 4703 Sfmt 4703 E:\FR\FM\29JNN1.SGM 29JNN1 Federal Register / Vol. 77, No. 126 / Friday, June 29, 2012 / Notices 38789 TABLE C—WILLIAM D. FORD FEDERAL DIRECT LOAN (DIRECT LOAN) PROGRAM AND TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT PROGRAM SUBMISSION DATES FOR DISBURSEMENT INFORMATION BY INSTITUTIONS FOR THE 2011–2012 COD PROCESSING YEAR 1—Continued Who submits? What is submitted? What are the earliest submission and deadline dates for receipt? Where is it submitted? An institution is required to submit disbursement information no later than 30 calendar days after the institution makes a disbursement or becomes aware of the need to make an adjustment to previously reported disbursement data. 1 A COD Processing Year is a period of time in which institutions are permitted to submit Direct Loan and TEACH Grant 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 2011–2012 award year. For a TEACH Grant, the period of time includes an award for a payment period that includes any day in the 2011– 2012 award year. 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. 2012–16034 Filed 6–28–12; 8:45 am] BILLING CODE 4000–01–P DEPARTMENT OF ENERGY Notice of Availability of Draft Waste Incidental to Reprocessing Evaluation for the Concentrator Feed Makeup Tank and Melter Feed Hold Tank at the West Valley Demonstration Project for West Valley, NY AGENCY: Office of Environmental Management, U.S. Department of Energy. ACTION: Notice of availability. mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: The Department of Energy (DOE) announces the availability of a draft evaluation which shows that the concentrator feed makeup tank and melter feed hold tank (the vessels) which were used in conjunction with vitrifying waste from reprocessing of spent nuclear fuel and certain treatment material at the West Valley Demonstration Project (WVDP), located at the Western New York Service Center in West Valley, New York, are waste incidental to reprocessing and thus are not high-level radioactive waste (HLW) and may be managed and disposed of offsite as low-level waste (LLW). DOE prepared the draft evaluation pursuant to DOE Manual 435.1–1, Radioactive Waste Management Manual. DOE is consulting with the Nuclear Regulatory Commission (NRC) before finalizing this evaluation. Although it is not required by DOE Manual 435.1–1, DOE is making the draft evaluation available for public and state review and comment during the NRC consultative review period. DOE will make its final evaluation and determination as to whether the vessels are HLW, or are waste incidental to VerDate Mar<15>2010 16:52 Jun 28, 2012 Jkt 226001 reprocessing which can be managed and disposed of as LLW, after consideration of any public, state, and NRC comments on this draft evaluation. DATES: The comment period will end August 13, 2012. Comments received after that time will be considered to the extent practicable. ADDRESSES: The draft waste evaluation is available on the Internet at https:// www.wv.doe.gov/Document_Index/ vessels.pdf, and is publicly available for review at the following location: U.S. Department of Energy, West Valley Demonstration Project Public Reading Room located at the Ashford Office Complex, 9030 US Route 219, Ashford, NY 14171–9799, during the office hours of Monday through Thursday, 8:00 a.m.–5:00 p.m., phone: (716) 942–4601. Written comments should be submitted to: Mr. Daniel Sullivan, U.S. Department of Energy, West Valley Demonstration Project, 10282 Rock Springs Road, West Valley, New York 14171–9799. Alternatively, comments may also be filed electronically by email to vessels@wv.doe.gov or by fax at (716) 942–4703. FOR FURTHER INFORMATION CONTACT: For further information about this draft waste evaluation, please contact Mr. Daniel Sullivan at the mailing address or Web site listed in ADDRESSES. SUPPLEMENTARY INFORMATION: The vessels were used in the vitrification process to prepare and temporarily store pre-treated HLW slurry supplied to the vitrification melter. They were used as part of the process to solidify the HLW which had been generated by commercial reprocessing of spent nuclear fuel at the Western New York Nuclear Service Center in West Valley, New York, by Nuclear Fuel Services, Inc., from 1966 through 1972. DOE PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 undertook the solidification activities pursuant to DOE’s responsibilities under the WVDP Act. To solidify the waste, DOE vitrified the waste (combined it at a high temperature with borosilicate glass) and transferred the molten glass-waste mixture into specially developed stainless steel canisters where the mixture hardened into a solid glass waste form. DOE operated the vitrification system between 1996 and 2002. In 2002, prior to shut down, the vessels were flushed with high pressure demineralized water so as to remove key radionuclides to the maximum extent technically and economically practical. The vessels with their remaining residual waste were characterized for radioactivity and determined to have radionuclide concentrations that do not exceed concentration limits for Class C LLW. They were removed from the vitrification cell in 2004 and are presently safely stored at the WVDP in transportation containers that meet Department of Transportation Industrial Package 2 requirements. The vessels were further stabilized by filling them with cement grout. As explained in the draft evaluation, they would be disposed of at a suitable off-site LLW waste disposal facility, either the Area 5 Radioactive Waste Management Site at DOE’s Nevada National Security Site (NNSS) in Nevada or the Waste Control Specialists Federal Facility Waste Disposal Facility near Andrews, Texas. DOE would dispose of the vessel waste packages in accordance with applicable waste acceptance criteria using specific waste profile documentation. DOE Manual 435.1–1, which implements DOE Order 435.1, Radioactive Waste Management, contains a rigorous evaluation process E:\FR\FM\29JNN1.SGM 29JNN1

Agencies

[Federal Register Volume 77, Number 126 (Friday, June 29, 2012)]
[Notices]
[Pages 38784-38789]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-16034]


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DEPARTMENT OF EDUCATION


Applications, Reports, and Other Records for the 2011-2012 Award 
Year: Student Assistance General Provisions, Federal Supplemental 
Educational Opportunity Grant, Federal Work-Study, Federal Perkins 
Loan, Federal Pell Grant, etc.

AGENCY: Federal Student Aid, Department of Education.

ACTION: Notice.

-----------------------------------------------------------------------

Overview Information

    Catalog Federal Domestic Assistance (CFDA) Numbers: 84.007

    Federal Supplemental Educational Opportunity Grant Program; 84.033 
Federal Work-Study Programs; 84.038 Federal Perkins Loan Program; 
84.063 Federal Pell Grant Program; 84.268 William D. Ford Federal 
Direct Loan Program; 84.379 Teacher Education Assistance for College 
and Higher Education Grant Program; 84.408 Iraq and Afghanistan Service 
Grant Program.

[[Page 38785]]

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 2011-2012 award year. 
The Federal student aid programs include the Federal Supplemental 
Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), 
Federal Perkins Loan, Federal Pell Grant, William D. Ford Federal 
Direct Loan (Direct Loan), Teacher Education Assistance for College and 
Higher Education (TEACH) Grant, and the Iraq and Afghanistan Service 
Grant 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, B, and C at the end of 
this notice.

Table A--Deadline Dates for Application Processing and Receipt of 
Institutional Student Information Records (ISIRs) or Student Aid 
Reports (SARs) by Institutions for the 2011-2012 Award Year

    Table A provides information and deadline dates for application 
processing, including receipt of the Free Application for Federal 
Student Aid (FAFSA) and corrections to and signatures for the FAFSA, 
receipt of ISIRs and SARs, and receipt of verification documents.
    The deadline date for the receipt of a FAFSA by the Department's 
Central Processing System is June 30, 2012, 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, 
changes of addresses or schools, or requests for a duplicate SAR is 
September 21, 2012. Verification documents must be received by the 
institution no later than the earlier of 120 days after the student's 
last date of enrollment or September 28, 2012. As a reminder, 
verification is not required for unsubsidized Direct Stafford Loans and 
PLUS Loans, TEACH Grants, and Iraq and Afghanistan Service Grants.
    For all Federal student aid programs except Direct PLUS Loans made 
to parent borrowers, an ISIR or SAR with an official expected family 
contribution must be received by the institution no later than the 
earlier of the student's last date of enrollment for the 2011-2012 
award year or September 28, 2012. For Direct PLUS Loans made to parent 
borrowers, FAFSA information processed by the Secretary must be 
received by the institution no later than the earlier of the student's 
last date of enrollment for the 2011-2012 award year or September 28, 
2012. For purposes of only the Federal Pell Grant Program, a valid ISIR 
or a valid SAR for a student not meeting the conditions for a late 
disbursement must be received no later than the earlier of the 
student's last date of enrollment or September 28, 2012. A valid ISIR 
or valid SAR for a student meeting the conditions for a late 
disbursement under the Federal Pell Grant, FSEOG, FWS, Federal Perkins 
Loan or Direct Subsidized Loan programs must be received according to 
the deadline dates provided in Table A.
    In accordance with the regulations in 34 CFR 668.164(g)(4)(i), an 
institution may not make a late disbursement later than 180 days after 
the date of the institution's determination that the student withdrew, 
as provided in 34 CFR 668.22, or for a student who did not withdraw, 
180 days after the date the student otherwise became ineligible. Table 
A provides that an institution must receive a valid ISIR or valid SAR 
no later than 180 days after its determination of a student's 
withdrawal or, for a student who did not withdraw, 180 days after the 
date the student otherwise became ineligible, but not later than 
September 28, 2012.

Table B--Federal Pell Grant Program and Iraq and Afghanistan Service 
Grant Program Submission Dates for Disbursement Information by 
Institutions for the 2011-2012 Award Year

    Table B provides the earliest submission and deadline dates for 
institutions to submit Federal Pell Grant and Iraq and Afghanistan 
Service Grant disbursement records to the Department's Common 
Origination and Disbursement (COD) System and deadline dates for 
requests for administrative relief if the institution cannot meet the 
established deadline for specified reasons.
    In general, an institution must submit Federal Pell Grant or Iraq 
and Afghanistan Service Grant disbursement records no later than 30 
days after making a Federal Pell Grant or Iraq and Afghanistan Service 
Grant disbursement or becoming aware of the need to adjust a student's 
previously reported Federal Pell Grant or Iraq and Afghanistan Service 
Grant disbursement. In accordance with the regulations in 34 CFR 
668.164, we consider that Federal Pell Grant and Iraq and Afghanistan 
Service Grant funds are disbursed on the date that the institution: (a) 
Credits those funds to a student's account at the institution or (b) 
pays those funds to a student directly. We consider that Federal Pell 
Grant and Iraq and Afghanistan Service 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, in accordance with subpart G of part 668.

Table C--William D. Ford Federal Direct Loan (Direct Loan) Program and 
Teacher Education Assistance for College and Higher Education (TEACH) 
Grant Program Submission Dates for Disbursement Information by 
Institutions for the 2011-2012 COD Processing Year

    Table C provides the earliest submission and deadline dates for 
institutions to submit Direct Loan and TEACH Grant disbursement records 
to the Department's COD System.
    In general, an institution must submit Direct Loan or TEACH Grant 
disbursement records no later than 30 days after making a Direct Loan 
or TEACH Grant disbursement or becoming aware of the need to adjust a 
student's previously reported Direct Loan or TEACH Grant disbursement. 
In accordance with the regulations in 34 CFR 668.164, we consider that 
Direct Loan and TEACH Grant funds are disbursed on the date that the 
institution: (a) Credits those funds to a student's account at the 
institution, or (b) pays those funds to a student directly. We consider 
that Direct Loan and TEACH 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:
     2011-2012 Funding Education Beyond High School.
     2011-2012 Counselors and Mentors Handbook.
     2011-2012 ISIR Guide.

[[Page 38786]]

     2011-2012 Federal Student Aid Handbook.
    Additional information on the institutional reporting requirements 
for the Federal Pell Grant Program, Iraq and Afghanistan Service Grant 
Program, Direct Loan Program, and TEACH Grant Program is contained in 
the 2011-2012 COD Technical Reference.
    You may access these publications by selecting the ``Publications'' 
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, and
    (4) Teacher Education Assistance for College and Higher Education 
Grant Program, 34 CFR part 686.

FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of 
Education, Federal Student Aid, 830 First Street, NE., Union Center 
Plaza, Room 114I1, Washington, DC 20202-5345. Telephone: (202) 377-
3681. Email: Ian.Foss@ed.gov.
    If you use a telecommunications device for the deaf (TDD) or text 
telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1-
800-877-8339.
    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 Adobe 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 26, 2012.
James W. Runcie,
Chief Operating Officer, Federal Student Aid.

   Table A--Deadline Dates for Application Processing and Receipt of Institutional Student Information Records
               (ISIRs) or Student Aid Reports (SARs) by Institutions for the 2011-2012 Award Year
----------------------------------------------------------------------------------------------------------------
                                                                                          What is the deadline
           Who submits?                What is submitted?      Where is it submitted?       date for receipt?
----------------------------------------------------------------------------------------------------------------
Student..........................  Free Application for       Electronically to the     June 30, 2012.\1\
                                    Federal Student Aid        Department's Central
                                    (FAFSA)--``FAFSA on the    Processing System (CPS).
                                    Web'' (original or
                                    renewal).
                                   Signature Page (if         To the address printed    September 21, 2012.
                                    required).                 on the signature page.
Student through an Institution...  An electronic FAFSA        Electronically to the     June 30, 2012.\1\
                                    (original or renewal).     Department's CPS.
Student..........................  A paper original FAFSA...  To the address printed    June 30, 2012.
                                                               on the FAFSA or
                                                               envelope provided with
                                                               the form.
Student..........................  Electronic corrections to  Electronically to the     September 21, 2012.\1\
                                    the FAFSA using            Department's CPS.
                                    ``Corrections on the
                                    Web''.
                                   Signature Page (if         To the address printed    September 21, 2012.
                                    required).                 on the signature page.
Student through an Institution...  Electronic corrections to  Electronically to the     September 21, 2012.\1\
                                    the FAFSA.                 Department's CPS.
Student..........................  Paper corrections to the   To the address printed    September 21, 2012.
                                    FAFSA using a SAR,         on the SAR.
                                    including change of
                                    mailing and email
                                    addresses or
                                    institutions.
Student..........................  Change of mailing and      To the Federal Student    September 21, 2012.
                                    email addresses, change    Aid Information Center
                                    of institutions, or        by calling 1-800-433-
                                    requests for a duplicate   3243.
                                    SAR.
Student..........................  SAR with an official       To the institution......  The earlier of:
                                    expected family                                     --the student's last
                                    contribution (EFC)                                   date of enrollment; or
                                    calculated by the                                   --September 28, 2012.\2\
                                    Department's CPS (except
                                    for Parent Direct PLUS).
Student through CPS..............  ISIR with an official EFC  To the institution from   The earlier of:
                                    calculated by the          the Department's CPS.    --the student's last
                                    Department's CPS (except                             date of enrollment; or
                                    for Parent Direct PLUS).                            --September 28, 2012.\2\
Student..........................  Valid SAR (Pell Grant      To the institution......  Except for a student
Student through CPS..............   Only).                    To the institution from    meeting the conditions
                                   Valid ISIR (Pell Grant      the Department's CPS.     for a late disbursement
                                    Only).                                               under 34 CFR
                                                                                         668.164(g), the earlier
                                                                                         of:
                                                                                        --the student's last
                                                                                         date of enrollment; or
                                                                                        --September 28, 2012.\2\

[[Page 38787]]

 
Student..........................  Valid SAR................  To the institution......  For a student receiving
Student through CPS..............  Valid ISIR...............  To the institution from    a late disbursement
                                                               the Department's CPS.     under 34 CFR
                                                                                         668.164(g)(4)(i), the
                                                                                         earlier of:
                                                                                        --180 days after the
                                                                                         date of the
                                                                                         institution's
                                                                                         determination that the
                                                                                         student withdrew or
                                                                                         otherwise became
                                                                                         ineligible; or
                                                                                        --September 28, 2012.\2\
Student..........................  Verification documents...  To the institution......  The earlier of: \3\
                                                                                           --120 days after the
                                                                                            student's last date
                                                                                            of enrollment; or
                                                                                           --September 28,
                                                                                            2012.\2\
----------------------------------------------------------------------------------------------------------------
\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/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 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 a Federal
  Pell Grant and applicants selected for verification, 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 Federal Direct Loan Program, but no
  later than this deadline date.


     Table B--Federal Pell Grant Program and Iraq and Afghanistan Service Grant Program Submission Dates for
                      Disbursement Information by Institutions for the 2011-2012 Award Year
----------------------------------------------------------------------------------------------------------------
                                                                                          What are the earliest
                                                                                              disbursement,
           Who submits?                What is submitted?      Where is it submitted?   submission, and deadline
                                                                                           dates  for receipt?
----------------------------------------------------------------------------------------------------------------
Institutions.....................  At least one acceptable    For the Federal Pell      Earliest Disbursement
                                    disbursement record must   Grant Program only        Date: February 1, 2011.
                                    be submitted for each      using the Student Aid    Earliest Submission
                                    Federal Pell Grant         Internet Gateway          Dates:
                                    recipient and Iraq and     (SAIG); or, for the      An institution may
                                    Afghanistan Service        Federal Pell Grant        submit anticipated
                                    Grant recipient at the     Program or the Iraq and   disbursement
                                    institution.               Afghanistan Service       information as early as
                                                               Grant, to the Common      February 21, 2011.
                                                               Origination and          An institution may
                                                               Disbursement (COD)        submit actual
                                                               System using the COD      disbursement
                                                               Web site at:              information as early as
                                                               www.cod.ed.gov.           February 21, 2011, but
                                                                                         no earlier than:
                                                                                        (a) 7 calendar days
                                                                                         prior to the
                                                                                         disbursement date under
                                                                                         the advance payment
                                                                                         method;
                                                                                           (b) 7 calendar days
                                                                                            prior to the
                                                                                            disbursement date
                                                                                            under the Cash
                                                                                            Monitoring 1 payment method;
                                                                                            or
                                                                                           (c) The date of
                                                                                            disbursement under
                                                                                            the Reimbursement or
                                                                                            Cash Monitoring
                                                                                            2 payment
                                                                                            methods.
                                                                                        Deadline Submission
                                                                                         Dates:
                                                                                        Except as provided
                                                                                         below, an institution
                                                                                         is required to submit
                                                                                         disbursement
                                                                                         information no later
                                                                                         than the earlier of:
                                                                                           (a) 30 calendar days
                                                                                            after the
                                                                                            institution makes a
                                                                                            disbursement or
                                                                                            becomes aware of the
                                                                                            need to make an
                                                                                            adjustment to
                                                                                            previously reported
                                                                                            disbursement data;
                                                                                            or
                                                                                           (b) October 1,
                                                                                            2012.\1\
                                                                                        An institution may
                                                                                         submit disbursement
                                                                                         information after
                                                                                         October 1, 2012, only:
                                                                                           (a) for a downward
                                                                                            adjustment of a
                                                                                            previously reported
                                                                                            award or
                                                                                            disbursement;

[[Page 38788]]

 
                                                                                           (b) based upon a
                                                                                            program review or
                                                                                            initial audit
                                                                                            finding per 34 CFR
                                                                                            690.83;
                                                                                           (c) for reporting a
                                                                                            late disbursement
                                                                                            under 34 CFR
                                                                                            668.164(g); or
                                                                                           (d) for reporting
                                                                                            disbursements
                                                                                            previously blocked
                                                                                            as a result of
                                                                                            another institution
                                                                                            failing to post a
                                                                                            downward adjustment.
Institutions.....................  Request for                Via COD Web site at:      The earlier of:
                                    administrative relief      www.cod.ed.gov.          --a date designated by
                                    based on a natural                                   the Secretary after
                                    disaster or other                                    consultation with the
                                    unusual circumstances,                               institution; or
                                    or an administrative                                --February 1, 2013.
                                    error made by the
                                    Department.
Institutions.....................  Request for                Via COD Web site at:      The earlier of:
                                    administrative relief if   www.cod.ed.gov.          --30 days after the
                                    a student reenters the                               student reenrolls; or
                                    institution within 180                              --May 3, 2013.
                                    days after initially
                                    withdrawing and the
                                    institution is reporting
                                    a disbursement for the
                                    student within 30 days
                                    of the student's
                                    reenrollment but after
                                    October 1, 2012 \2\.
----------------------------------------------------------------------------------------------------------------
\1\ The deadline for electronic transactions is 11:59 p.m. (Eastern Time) on October 1, 2012. 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 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/her of the rejection.
\2\ 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.


 Table C--William D. Ford Federal Direct Loan (Direct Loan) Program and Teacher Education Assistance for College
and Higher Education (TEACH) Grant Program Submission Dates for Disbursement Information by Institutions for the
                                        2011-2012 COD Processing Year \1\
----------------------------------------------------------------------------------------------------------------
                                                                                          What are the earliest
           Who submits?                What is submitted?      Where is it submitted?    submission and deadline
                                                                                           dates for receipt?
----------------------------------------------------------------------------------------------------------------
Institutions.....................  At least one acceptable    To the Student Aid        Earliest Disbursement
                                    disbursement record must   Internet Gateway (SAIG)   Date: June 21, 2008.
                                    be submitted for each      or to the Common         Earliest Submission
                                    Direct Loan and TEACH      Origination and           Dates:
                                    Grant recipient at the     Disbursement (COD)       An institution may
                                    institution.               System using the COD      submit anticipated
                                                               Web site at:              disbursement
                                                               www.cod.ed.gov.           information as early as
                                                                                         February 21, 2011.
                                                                                        An institution may
                                                                                         submit actual
                                                                                         disbursement
                                                                                         information as early as
                                                                                         February 21, 2011, but
                                                                                         no earlier than:
                                                                                           (a) 7 calendar days
                                                                                            prior to the
                                                                                            disbursement date
                                                                                            under the advance
                                                                                            payment method;
                                                                                           (b) 7 calendar days
                                                                                            prior to the
                                                                                            disbursement date
                                                                                            under the Cash
                                                                                            Monitoring 1 payment method;
                                                                                            or
                                                                                           (c) The date of
                                                                                            disbursement under
                                                                                            the Reimbursement or
                                                                                            Cash Monitoring
                                                                                            2 payment
                                                                                            methods.
                                                                                        Deadline Submission
                                                                                         Dates:

[[Page 38789]]

 
                                                                                           An institution is
                                                                                            required to submit
                                                                                            disbursement
                                                                                            information no later
                                                                                            than 30 calendar
                                                                                            days after the
                                                                                            institution makes a
                                                                                            disbursement or
                                                                                            becomes aware of the
                                                                                            need to make an
                                                                                            adjustment to
                                                                                            previously reported
                                                                                            disbursement data.
----------------------------------------------------------------------------------------------------------------
\1\ A COD Processing Year is a period of time in which institutions are permitted to submit Direct Loan and
  TEACH Grant 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 2011-2012 award year. For a TEACH Grant,
  the period of time includes an award for a payment period that includes any day in the 2011-2012 award year.
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. 2012-16034 Filed 6-28-12; 8:45 am]
BILLING CODE 4000-01-P
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