Federal regulations state that if your school spent Campus-Based program funds in 2016-2017 or have a Federal Perkins Loan Fund, you must submit a Fiscal Operations Report to the Department at the end of the year. Schools wishing to participate in the Campus-Based programs for the 2018-2019 award year are required to file an application by the deadline date of September 29, 2017. Thus, the FISAP contains two sections:
- the Fiscal Operations Report for program participation during the award year July 1, 2016 through June 30, 2017, and
- the Application to Participate in the three Campus-Based programs (Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant [FSEOG], and Federal Work-Study [FWS]) for the award year July 1, 2018 through June 30, 2019
If your school is a first-time participant or does not possess a current Program Participation Agreement (PPA) for the Title IV programs it must first apply for Participation to the U.S. Department of Education.
The Fiscal Operations Report for 2016-2017 and Application to Participate for 2018-2019 (FISAP) was released last month. The FISAP will be available on the eCampus Based (eCB) website by August 1, 2017.
A school must submit its 2018-2019 FISAP electronically and the required signature pages by either manual or eSignature processes by Friday, September 29, 2017. It is important to note that if the U.S. Department of Education does not receive a completed application by the published deadline date, you cannot be assured that your school will be allocated funds for any of the Campus-Based programs.
For more information including the 2018-2019 FISAP Form, Instructions and Desk Reference, see the Department’s announcement here: http://bit.ly/2oWdBck
The Technical Reference for the FISAP that is due by September 29, 2017 can be found here: http://bit.ly/2oWvEPk