Pdl Debt Consolidation by kgx17219

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									Technical Track Session

Financial Aid for Techies

         Wood Mason
     COD Systems Operations
Objective

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

                                       2
The COD Boogie
                    Post
                  Secondary                         Central                          Debt                    Student
                  Education                       Processing                       Collection                 Data
                  Participant                      System                          Services                  Storage
                   System                           (CPS)                           (DCS)                   (NSLDS)
                   (PEPS)
                                    School
                                    Eligibility                                           Student
                                                               Student
                                    Data                                                  Pell                                Student
                                                               Applicant                                 Student
                                                                                          Payment        Level                Level
                                                               Data
                                                                                          Data           Pell Data            Direct Loan
                                                                                                                              Data
           Common & Legacy Direct
           Loan and Pell Origination,
           Change and Disbursement                               Common Origination &
           Records                                                Disbursement (COD)
                                                                                                                               Loan
                                                           Transaction                                                       Servicing
 Schools                         SAIG                                        Web        Reports
                                                           Processing
                                                                                                                              System
                                                                                                    Loan Bookings &           (DLSS)
                                                                 Customer          Applicant         Disbursements
            Acknowledgements
                                                               Service Center      Services
            and Response
            Records
                                                                                 Funding
                                                                                 Transactions
                                                                                 Payment                      Payment
                                                                                 Transactions                 Transactions



                                                                           Financial
      Drawdowns                         FMSS /                                Mgt
                                        GAPS                                System                       NOTE: All COD interfaces routed through EAI
                                                                            (FMS)                        except DCS.
                                                                                                                                                       3
                                                                                                                                                                                               Institution
Phase
Cycle
 Life
                               Aid Awareness & Application                                                                  Aid Delivery                                                                                                                                             Servicing
                                                                                                                                                                                              Participation
Applicant /
Borrower
 Process



                     Aid Education                             Submission                      Eligibility                                                                                                                                         Repayment                         Consolidation                     Collections


                                                                                                                                                                   Student Aid on the Web
                                                                                                                                                                            Call Centers

                                                          Case Tracking                   Recommend                          Acquisition &                                                                                                   Enterprise Performance                  Budget Formulation
                                                                                                                                                                                                                                                                                                                       Analytics
                                                          (Ombudsman)                    Policy Changes                    Planning Strategy                 Enterprise Analytics and Research                                                    Management                           Credit Reform



                                                                                     Student Enrollment                                                                                                                  Financial Aggregates &
                                             Monitor Aid Eligibility
                                                                                         Reporting                 Student Aid History Management                                 Default Rate Calculation
                                                                                                                                                                                                                               Reporting
                                                                                                                                                                                                                                                                  Manage Aid Data                      Financial Aid History


                                                                Audit History                       Common Edits (Edit Checks)                               Credit Check                               Distribute School Eligibility               Distribute Student Eligibility                   EFC Calculation
                                    Business Functions




                                                                                                                                                                                                                                                                                                                                   Business Functions
              Enablers
                                     Enterprise Shared




                                                                                                                                                                                                                                                                                                                                    Enterprise Shared
                    EAI
                 Enterprise
                                                                                                                                                                                                                                        NSLDS
                 Application
                 Integration
                                                                          Students                      Trading                      FMS
                                                                                                                                                               Common Data Architecture                                               Analytical Data
                                                                                                                                                                                                                                                                           Enterprise
                                                                                                                                                                                                                                                                                                     Metadata
                                                                                                        Partners                                                                                                                                                            Content
                                                                                      Transactions                                                                                                                              (ODS/Warehouse/Data Marts)                                           Repository
                   ITA                                                                                                                                                                                                                                                    Management
                 Integrated
                 Technical
                Architecture                             Generate/Distribute ISIR/SAR Data          Manage Promissory Notes         Receive Data              Extract, Transform, Load           RID Legacy Identifier Crosswalk                   Send/Receive from Matching Agencies                      SSIM Logic


                  VDC
                  Virtual                                  Application                                         Origination & Disbursement                                                                                                                      Common Services for Borrowers
                Data Center
                                        Aid                      Establish        Aid Eligibility            Award & Disbursement          School Aid Payments &                                                                                                                   Consolidate     Recovery &
   FSA




                                                                                                                                                                                                                                                         Service Loans                                                      CSB
                                     Awareness                 Person Record      Determination                   Processing                Funding Level Mgmt                                                                                                                       Loans         Resolution

              Authentication &
               Access Tools
                                                                                                               FISAP Processing
                                                                                                                                                CB Award
                                                                                                                                                Processing
                                                                                                                                                                        Campus-Based                            CB Program
                                                                                                                                                                                                               Administration

                 Business
                Intelligence
                                                                                                             Application
                                                                                                              Process
                                                                                                                                                               Partner
                                                                                                                                                              Enrollment
                                                                                                                                                                               Integrated Partner Management                                                 Partner Eligibility
                                                                                                                                                                                                                                                               & Oversight
                                                                                                                                                                                                                                                                                                             Relationship
                                                                                                                                                                                                                                                                                                             Management
                   Tools


                                                                                                                            Partner Payment                                                                                                                     State Agency
                 Ancillary                                                                                                   Administration                                          Partner Payment Management                                                   Funding
                 Services


                                                                                                                   Receivables                  Process              Funds & Internal           Financial Management                               External Financial
                                                                                                                                                                                                                                                                                     Budgeting
                                                                                                                                                                                                                                                                                                               GL
                                                                                                                   Management                  Payments                 Controls                                                                       Reporting                                            Accounting




                                                                                                                                                                   FSA Gateway
                                                                                                                                                                           Schools Portal

                                                                                                                                                                   Financial Partners Portal
                                                                                                                                                                             Help Desk
Partners &
Servicers
 Trading




                                                                State Agencies                                       Schools (School Servicers)                                   Lenders (Lender Servicers)                              Guaranty Agencies

                                                                                                                                                                  Other External Partners
                                                                                                                                                                                                                                                                                                          Target State
   ED




                                                         OIG                                               FMSS                                              Department of Education                                                         GAPS
                                                                                                                                                                                                                                                                                                          Financial Aid
                                                                                                                                                                                 Partner Application                                                                                                       Life Cycle
Process
Trading
Partner




                                   Internal Transfer                            Business Function
                                                                                                                                                                                                                                                                                                     High-Level Business View
                                                                                                                                                                                                                                                                                                             DRAFT
                                   External Transfer                                                                             Origination &
                                                                                                                                                                                                             Oversight                                                                                   November 3, 2004
                                                                                                                                 Disbursement



                                                                                                                                                                                                                                                                                                                                                        4
Federal Student Aid (FSA)
Target State Vision (TSV)
• BCAs – Business Capability Areas
  – Enterprise Analytics and Research
  – Student Aid History Management
  – Application, Origination &
    Disbursement
  – Common Services for Borrowers
                                        5
Federal Student Aid (FSA)
Target State Vision (TSV)
• BCAs – Business Capability Areas
  – Campus-Based
  – Integrated Partner Management
  – Partner Payment Management
  – Financial Management

                                     6
Application

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

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


                                          8
Application

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

                                      9
Application

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


                                         10
Application

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

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


                                           12
Awarding
• Awarding
 – Pell Grant Program
 – Campus Based Programs
   • FSEOG (Federal Supplemental
     Educational Opportunity Grant)
   • FWS (Federal Work Study Program)
   • Perkins Loan Program
                                        13
Awarding
• Awarding
 – FFELP (Federal Family Educational
   Loan Program)
 – FDSLP (Federal Direct Student Loan
   Program)
   • Stafford Subsidized and Unsubsidized
   • PLUS (Parental Loan for Undergraduate
     Student)                                14
Origination & Disbursement
• Establish Person Record
  – EDE (Electronic Data Exchange)
  – COD (Common Origination &
    Disbursement System)
  – XML CR (Common Record
    compatible or Full Participant
    School)
                                     15
Origination & Disbursement
• Award Origination & Disbursement
  Processing – School Input
  – Batch
  – On-Line
  – Receipt/Response

                                     16
Origination & Disbursement
• Award Origination & Disbursement
  Processing
  – RID (Routing Identifier)
  – Entity ID (School, 3rd Party Servicer,
    Corporate Office)
  – Pell ID (6-digit code)
                                             17
Origination & Disbursement
• Award Origination & Disbursement
  Processing
  – OPEID (Office of Postsecondary
    Education Identifier)
  – G-Code (Direct Loan School ID)
  – E-Code (same as G-Code)
                                     18
Origination & Disbursement
• Award Origination & Disbursement
  Processing
  – DRI (Disbursement Release Indicator)
  – PDL (Pending Disbursement List)
  – FDL (Funded Disbursement List)

                                           19
Origination & Disbursement

• School Aid Payments & Funding
  Level Management
  – EDCAPS (Education Central
    Automated Processing System)
  – GAPS (Grants Administration and
    Payment System)
                                      20
Origination & Disbursement
• School Aid Payments & Funding
  Level Management
  – FMS (Financial Management
    System)
  – CFL (Current Funding Level)
    • Pushed Cash
    • Advance Pay
                                  21
Origination & Disbursement
• Award Origination & Disbursement
  Processing - Loans
  – MPN (Master Promissory Note)
  – eMPN (Electronic MPN)
  – MPN ID (MPN Identifier)

                                     22
Origination & Disbursement
• Award Origination & Disbursement
  Processing – Loans
  – Disclosure Statement
  – Plain Language Disclosure
  – Borrower’s Rights & Responsibilities
  – Plain
                                           23
Origination & Disbursement
• Award Origination & Disbursement
  Processing
  – POP (Potential Overaward Process)
  – MRR (Multiple Reporting Record)
  – FISAP (Fiscal Operations Report and
    Application to Participate)
                                          24
Origination & Disbursement

• Award Origination & Disbursement
  Processing
  – ACA (Administrative Cost Allowance)
  – CDR (Cohort Default Rate)
  – CMO (Case Management Office)
    • ppr (program review report)
                                          25
Common Services for Borrowers
• DCS (Debt Collection Services)
• DLSC (Direct Loan Servicing Center)
• DLCS (Direct Loan Consolidation
  Center)
• CDDTS (Conditional Discharge and
  Disability Tracking System)
                                        26
Integrated Partner Management
• PEPS (Postsecondary Education
  Participation System)
• PPA (Program Participation
  Agreement)
• E-App (Electronic Application to
  Participate)
                                     27
Partner Payment Management
• LEAP (Leveraging Educational
  Assistance Partnership)
• SLEAP (Special Leveraging
  Educational Assistance Partnership)




                                        28
Misc

• CSC (Customer Service Center)
• CSR (Customer Service
  Representative)
• SRC (School Relations Center)


                                  29
Misc

• CSL (Community Service
  Learning Program)
• EAC (Electronic Access
  Conference)
• FAT (Financial Aid Transcript)
                                   30
Misc
• eCFR (Electronic Code of Federal
  Regulations)
• ED (Department of Education)
• E-SIGN (Electronic Signatures in
  Global and National Commerce
  Act)
                                     31
Misc
• FAA (Financial Aid Administrator)
• FAO (Financial Aid Office or
  Officer)
• FAD (Financial Aid Director)
• FAT (Financial Aid Transcript)

                                      32
Misc
• GEN (General Dear Colleague Letter)
• HEA (Higher Education Act)
• IFAP (Information for Student Aid
  Professionals – www.ifap.ed.gov)
• IPEDS (Integrated Postsecondary
  Education Data System –
  www.nces.ed.gov)
                                        33
Misc
• NACUBO (National Association of
  College and University Business Officers)
• NASFAA (National Association of
  Student Financial Aid Administrators)
• NCES (National Center for Educational
  Statistics)

                                              34
Misc
• PESC (Postsecondary Educational
  Standards Council)
• NCHELP (National Council of Higher
  Education Loan Programs)
• NSLC (National Student Loan
  Clearinghouse)

                                       35
Misc

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

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




                                  37
Questions?

  I appreciate your feedback and
   comments. I can be reached at:

 Name: Wood Mason
 Phone: 404.562.6270
 Email: Wood.Mason@ed.gov
                                    38

								
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