[Federal Register Volume 70, Number 108 (Tuesday, June 7, 2005)]
[Notices]
[Pages 33134-33140]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-11291]


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DEPARTMENT OF EDUCATION

[CFDA Nos. 84.007, 84.032, 84.033, 84.038, 84.063, 84.069, and 84.268]


Student Assistance General Provisions, Federal Supplemental 
Educational Opportunity Grant, Federal Family Education Loan, Federal 
Work-Study, Federal Perkins Loan, Federal Pell Grant, Leveraging 
Educational Assistance Partnership, and William D. Ford Federal Direct 
Loan Programs

ACTION: Notice of deadline dates for receipt of applications, reports, 
and other records for the 2005-2006 award year.

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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 2005-2006 award year. 
The Federal student aid programs include the Federal Perkins Loan, 
Federal Work-Study, Federal Supplemental Educational Opportunity Grant, 
Federal Family Education Loan, William D. Ford Federal Direct Loan, 
Federal Pell Grant, and Leveraging Educational Assistance Partnership 
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 and B at the end of 
this notice.

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

    Table A provides deadline dates for application processing, 
including corrections and submission of signatures, submission of 
verification documents and, for purposes of the Federal Pell Grant 
Program, receipt by institutions of SARs or ISIRs. We are using only 
three deadline dates in Table A for the 2005-2006 award year. The 
single date for the submission of a Free Application for Federal 
Student Aid (FAFSA) is June 30, 2006, regardless of the method that the 
applicant uses to submit the FAFSA. September 15, 2006 is the deadline 
date for the submission and receipt of a signature page (if required), 
corrections, changes of addresses or schools, or requests for a 
duplicate SAR. September 22, 2006 is the deadline date for the 
submission and receipt of all other documents and materials that are 
specified in Table A.

Table B--Federal Pell Grant Program Submission Dates for Disbursement 
Information by Institutions

    Table B provides the earliest submission and deadline dates for 
institutions to submit Federal Pell Grant disbursement records to the 
Department's Common Origination and Disbursement (COD) System.
    In general, an institution must submit Federal Pell Grant 
disbursement records no later than 30 days after making a Federal Pell 
Grant disbursement or becoming aware of the need to adjust a student's 
previously reported Federal Pell Grant disbursement. In accordance with 
the regulations in 34 CFR 668.164, we consider that Federal Pell Grant 
funds are disbursed on the earlier of the date that the institution: 
(a) Credits those funds to a student's account in the institution's 
general ledger or any subledger of the general ledger, or (b) pays 
those funds to a student directly. We consider that Federal Pell 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.

[[Page 33135]]

Other Sources for Detailed Information

    We publish a detailed discussion of the Federal student aid 
application process in the following publications:
     2005-2006 Student Guide.
     Funding Your Education.
     2005-2006 High School Counselor's Handbook.
     A Guide to 2005-2006 SARs and ISIRs.
     2005-2006 Federal Student Aid Handbook.
    Additional information on the institutional reporting requirements 
for the Federal Pell Grant Program is contained in the 2005-2006 Common 
Origination and Disbursement (COD) Technical Reference, which is 
available at the Information for Financial Aid Professionals Web site 
at: http://www.ifap.ed.gov.
    Applicable Regulations: The following regulations apply: (1) 
Student Assistance General Provisions, 34 CFR part 668 and (2) Federal 
Pell Grant Program, 34 CFR part 690.

FOR FURTHER INFORMATION CONTACT: Harold McCullough, U.S. Department of 
Education, Federal Student Aid, 830 First Street, NE, Union Center 
Plaza, room 113E1, Washington, DC 20202-5345. Telephone: (202) 377-
4030.
    If you use a telecommunications device for the deaf (TDD), you may 
call the Federal Relay Service (FRS) at 1-800-877-8339.
    Individuals with disabilities may obtain this document in an 
alternative format (e.g., Braille, large print, audiotape, or computer 
diskette) on request to the program contact person listed under FOR 
FURTHER INFORMATION CONTACT.

Electronic Access to This Document

    You may 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) on the Internet at the following site: http://www.ed.gov/news/fedregister.
    To use PDF you must have Adobe Acrobat Reader, which is available 
free at this site. If you have questions about using PDF, call the U.S. 
Government Printing Office (GPO), toll free, at 1-888-293-6498; or in 
the Washington, DC, area at (202) 512-1530.
    You may also view this document in PDF at the following site: 
http://www.ifap.ed.gov.

    Note: 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 on GPO Access at: http://www.gpoaccess.gov/nara/index.html.


    Program Authority: 20 U.S.C. 1070a, 1070b-1070b-3, 1070c-1070c-
4, 1071-1087-2, 1087a-1087j, and 1087aa-1087ii; 42 U.S.C. 2751-
2756b.

    Dated: June 2, 2005.
Theresa S. Shaw,
Chief Operating Officer, Federal Student Aid.
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[FR Doc. 05-11291 Filed 6-6-05; 8:45 am]
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