How do institutions report their usage of campus based funds each year?
Completing the FISAP (Fiscal Operations Report and Application to Participiate)
What percentage of FWS and FSEOG funds are the nonfederal share?
Institutions must contribute 25% of the FWS contributions
Under what circumstances can an institution be exempted from providing the institutional match of campus based funds?
Title III and Title V schools are exempt from the institutional match requirement
What percentage of FWS and FSEOG funds can be transferred?
25%
What are the enrollment and dependency requirements for recipients of campus based funds?
There is no minimum enrollment or dependency status requirement for campus based programs. Funds must be made “reasonably available” for independent and part-time students based solely on financial need
What percentage of a school’s campus based funds can be carried forward into the next award year?
10%. Carried-forward funds must be spent before (that) current award year funds and matched in the award year the funds are spent.
What are the carry back limitations for campus based funds to cover summer awards?
There is no limit on what percentage of funds a school can carry back to make offers for a POE beginning on or after May 1 and ending before the start of the current award year (July 1).
What is the ACA?
The Administrative Cost Allowance is an amount that can be claimed by a school to offfset the costss of administering campus based and Pell grant programs.
How is the ACA amount determined?
ACA is the 5% of the first $2.75 million of award expenditures, 4% of expenditures greater than $2.75 but less than $5.5 million, and 3% of expenditures greater than $5.5 million
What are 6 commonly-accepted uses of an institution’s ACA?
community service program (limited to 10% of total ACA), training FWS tutors, consumer information compliance, staff salary, office supplies and equipment, and work travel
What happens if a school does not use its full allocation of campus based funds?
The school must notify ED and return unused funds. If amount is greater than 10% of total allocation, the following year allocation will be reduced by the dollar amount returned
How does a school apply for campus based programs? (initial application, not continuing reporting)
Via the E-App
What are the minimum and maximum FSEOG grant amounts that can be awarded to a student?
An FSEOG award must be between $100 and $4,000. Study abroad students can receive up to $4,400.
What is the first selection group for FSEOG?
Students with the lowest SAI. The law does not state if negative values should be treated differently than a zero SAI value.
What is the second selection group for FSEOG?
If schools have awarded all members of the first selection group, the second group is students with the lowest SAIs who will not receive a Pell grant during the award year.
Can students who have exceeded their Pell LEU still receive FSEOG?
Yes, but they must be placed in the second selection group.
Students must meet all Title IV eligibility criteria to receive FSEOG. However, what is the one exception to this rule?
Students with intellectual disabilities enrolled in a CTP (comprehensive transition and postsecondary) program can receive FSEOG, even if they are not pursuing a degree or certificate or do not have a HS diploma or equivalent
What is the community service requirement for FWS participation?
At least 7% of a school’s FWS allocation must be used to compensate students employed in community service positions.
A school can use FWS funds to pay up to what percentage of its JLD (Job Learning & Development) program expenses?
80% (capped at $75,000).
JLD would be efforts to create FWS job opportunities.
What are the minimum and maximum FWS award amounts?
There is no minimum or maximum FWS limits set by federal law. School policy can dictate a minimum or maximum if desired.
What is the payment policy for “disaster affected” FWS students?
Students can receive FWS wages for work missed if the student was previously offered FWS, earned wages before the disaster, and cannot be assigned a different FWS job. The maximum timeframe these payments can occur is one academic year.
