20 U.S.C. § 1089 : US Code - Section 1089: Master calendar

Search 20 U.S.C. § 1089 : US Code - Section 1089: Master calendar

(a) Secretary required to comply with schedule
To assure adequate notification and timely delivery of student
aid funds under this subchapter and part C of subchapter I of
chapter 34 of title 42, the Secretary shall adhere to the following
calendar dates in the year preceding the award year:
(1) Development and distribution of Federal and multiple data
entry forms -
(A) by February 1: first meeting of the technical committee
on forms design of the Department;
(B) by March 1: proposed modifications and updates pursuant
to section 1087rr of this title published in the Federal
Register;
(C) by June 1: final modifications and updates pursuant to
section 1087rr of this title published in the Federal Register;
(D) by August 15: application for Federal student assistance
and multiple data entry data elements and instructions
approved;
(E) by August 30: final approved forms delivered to servicers
and printers;
(F) by October 1: Federal and multiple data entry forms and
instructions printed; and
(G) by November 1: Federal and multiple data entry forms,
instructions, and training materials distributed.
(2) Allocations of campus-based and Pell Grant funds -
(A) by August 1: distribution of institutional application
for campus-based funds (FISAP) to institutions;
(B) by October 1: final date for submission of FISAP by
institutions to the Department;
(C) by November 15: edited FISAP and computer printout
received by institutions;
(D) by December 1: appeals procedures received by
institutions;
(E) by December 15: edits returned by institutions to the
Department;
(F) by February 1: tentative award levels received by
institutions and final Pell Grant payment schedule;
(G) by February 15: closing date for receipt of institutional
appeals by the Department;
(H) by March 1: appeals process completed;
(I) by April 1: final award notifications sent to
institutions; and
(J) by June 1: Pell Grant authorization levels sent to
institutions.
(3) The Secretary shall, to the extent practicable, notify
eligible institutions, guaranty agencies, lenders, interested
software providers, and, upon request, other interested parties,
by December 1 prior to the start of an award year of minimal
hardware and software requirements necessary to administer
programs under this subchapter and part C of subchapter I of
chapter 34 of title 42.
(4) The Secretary shall attempt to conduct training activities
for financial aid administrators and others in an expeditious and
timely manner prior to the start of an award year in order to
ensure that all participants are informed of all administrative
requirements.
(b) Timing for reallocations
With respect to any funds reallocated under section 1070b-3(e)
(!1) of this title, section 2752(e) (!1) of title 42, or section
1087bb(j) (!1) of this title, the Secretary shall reallocate such
funds at any time during the course of the year that will best meet
the purpose of the programs under subpart 3 of part A of this
subchapter, part C of subchapter I of chapter 34 of title 42, and
part D of this subchapter, respectively. However, such reallocation
shall occur at least once each year, not later than September 30 of
that year.
(c) Delay of effective date of late publications
(1) Except as provided in paragraph (2), any regulatory changes
initiated by the Secretary affecting the programs under this
subchapter and part C of subchapter I of chapter 34 of title 42
that have not been published in final form by November 1 prior to
the start of the award year shall not become effective until the
beginning of the second award year after such November 1 date.
(2)(A) The Secretary may designate any regulatory provision that
affects the programs under this subchapter and part C of subchapter
I of chapter 34 of title 42 and is published in final form after
November 1 as one that an entity subject to the provision may, in
the entity's discretion, choose to implement prior to the effective
date described in paragraph (1). The Secretary may specify in the
designation when, and under what conditions, an entity may
implement the provision prior to that effective date. The Secretary
shall publish any designation under this subparagraph in the
Federal Register.
(B) If an entity chooses to implement a regulatory provision
prior to the effective date described in paragraph (1), as
permitted by subparagraph (A), the provision shall be effective
with respect to that entity in accordance with the terms of the
Secretary's designation.
(d) Notice to Congress
The Secretary shall notify the Committee on Labor and Human
Resources of the Senate and the Committee on Education and Labor of
the House of Representatives when a deadline included in the
calendar described in subsection (a) of this section is not met.
Nothing in this section shall be interpreted to penalize
institutions or deny them the specified times allotted to enable
them to return information to the Secretary based on the failure of
the Secretary to adhere to the dates specified in this section.