Final 2014-2015 Campus-Based programs funding worksheets and the 2014-2015 Statement of Account for each of the Campus-Based programs will be posted to the eCampus-Based (eCB) Web site by April 1, 2014.
A school’s 2014-2015 final funding authorization for each of the Campus-Based programs is based on the applicable statutory formula and on the amount of funds appropriated by Congress for that program. A school will not receive a 2014-2015 final funding authorization amount for a Campus-Based program that is in excess of its request for funds made for that program on the Fiscal Operations Report for 2012-2013 and Application to Participate for 2014-2015 (FISAP) that the school previously submitted to the Department of Education.
A school’s final funding level for each of the Campus-Based programs is determined in accordance with provisions of the Higher Education Act of 1965, as amended (HEA), and by the implementing regulations at 34 CFR Part 673. The final funding worksheets posted on the eCB Web site will show the information that was used in the calculation of each of the school’s 2014-2015 Campus-Based allocations.
In addition to this Electronic Announcement, individual schools will be notified by e-mail that the 2014-2015 Campus-Based allocation information has been posted to the eCB Web site. An e-mail will be sent to each school’s financial aid administrator to advise the school that it can access its 2014-2015 Campus-Based allocation information.
Awards for each Campus-Based program in which the school participates will be reflected in the school’s 2014-2015 Statement of Account and Final Funding worksheets will be posted on the eCB Web site.
For full details, including an attachment that explains the calculation of the final funding authorization, see the Electronic Announcement at http://ifap.ed.gov/eannouncements/022714FinalFundingAuthforCampusBasedProgs1415.html
DJA Clients: DJA will access this information on the Campus-Based system, print and send to our schools.