It's That Time Of Year
FISAP deadlines…you either view them as the circle of life or a yearly resurrection of Dracula. So, burst into song as the sun rises or grab a silver stake as the sun sets. Either way, here is the information you need to know.
The time is upon us to file The Fiscal Operations Report and Application to Participate (FISAP) and we must ensure our systems are ready to deliver the required information. The FISAP is utilized to request Campus Based funds for the upcoming award year and report expenditures for the previous year. Flashbacks to your teen years… How much money do you want, and how much did you spend?
The due date for the submission of the 2019–20 FISAP is October 1, 2018, which seems rather fitting for my Dracula fans. However, based on the most recent announcement on IFAP there are some potential changes you need to be aware of this upcoming cycle.
Changes to the FISAP
In addition to the award year and date references, all references to the eCampus-Based (eCB) website have been updated to the Common Origination and Disbursement (COD) Web Site to reflect the change in system platforms. No, you can’t go back to Constantinople.
The following FISAP fields have also been updated and/or added:
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Part II, Section A, Field 1
Field 1 has been revised so that schools can no longer request a Federal Perkins Level of Expenditure (LOE) due to the expiration of the program. Just like your coupon for 50% off at your favorite store, Perkins is expiring. -
Part IV, Section F
Section F has been added to Part IV, which includes Fields 19, 20, and 21. These fields will serve to collect data on FSEOG awards made to disaster-affected students. -
Part IV, Section F
Section F has been added to Part IV, which includes Fields 19, 20, and 21. These fields will serve to collect data on FSEOG awards made to disaster-affected students.
Changes to FISAP Instructions
In addition to updates to the annual award year, date references, acronyms, hyperlinks, and system references that reflect the change in platforms, the following changes have been made to the FISAP Instructions:
Introduction to the FISAP
The due date for the FISAP has been updated to Monday, October 1, 2018, and the FISAP submission instructions have been updated with the user role and access information applicable to the COD System.
Part I, Identifying Information, Certification and Warning
Information about the FISAP signature page has been updated to remove the e-signature option which has been discontinued. An updated mailing address for hard copy FISAP and Lobbying signature pages has been provided. Back to the Future people, we have snail mail again.
Part II, Section A
Instructions for Field 1 have been revised to state that schools may no longer request a Federal Perkins Level of Expenditure (LOE) due to the expiration of the program.
Part IV, Section F
Section F has been added to include data fields 19-21, for reporting on FSEOG funds for disaster-impacted students.
Part VI, Section A
Instructions for Field 23 have been updated to reflect that Federal Perkins Loans were not authorized for graduate/professional students for the 2017–18 award year.
Perkins won’t exist anymore. Like bellbottoms, I doubt they will make a comeback.
As you prepare to submit your FISAP accurately and timely, you should be aware that additional questions may be posed to the COD School Relations Center at 1-800-848-0978 or for those of you who prefer to email CODSupport@ed.gov. Seriously, write that down right now. You’ll thank me later.
FISAP is an acronym used in several different types of organizations so be careful how you use it, you never know what you might get. I, for one, am very amused
FISAP - Forest Industry Structural Adjustment Package
FISAP - Financial Institution Shared Assessments Program
FISAP - FMFPac Intelligence Sub-Architecture Plan