COD Updates & Program Reminders
Final awards for FSEOG and Federal Work Study should be released in early spring, and the 2024-2025 closeout for Pell is at the end of September.
By Rick Cox and Siobahn Arbogast
- Program and Academic Year lengths and credential levels will have multiple reporting fields, as the CIP codes currently do for 2024-2025.
- The 2026-2027 FISAP changes for Part II and VI, changing auto-zero EFCs to maximum Pell indicators and using total income in lieu of FISAP income. The draft 2025-2026 FISAP should be released in early spring.
- Key date reminders: Final awards for FSEOG and FWS should be released by April 1, 2025.
- Additional reminders: Institutions must register their UEI annually; IASG and CFH are now aligned with the Pell Program; Pell ACA is released three times per year; Pell and CBF are archived in COD and G6 five years following the end date of the end of the Award Year.
- Pell, DL and CBF closeout reminders on dates: Pell – September 30 ending year; Direct Loan – July 31 year following; and CBF – March 1 year following. For example, the 2024-2025 closeout for Pell is September 30, 2025, while Direct Loans will be July 31, 2026.
Rick Cox is Global’s Executive Director of Regulatory Affairs and Compliance. Siobahn Arbogast is Director of Title IV Accounting.