If you’ve got leftover funds that you won’t spend from the 2019-2020 Federal Work-Study (FWS) or Federal Supplemental Educational Opportunity Grant (FSEOG), you should complete the Campus Based Reallocation Form by August 17, 2020 so that other schools can use them. The campus-based reallocation form can also be used by institutions that want to request supplemental 2020-2021 Federal Work Study Funds for employing students in community service jobs. To qualify, schools must have had an FWS fair share shortfall as shown on line 28 of the school’s 2019-2020 final funding worksheet.
The reallocation form can be found on the COD website. For more information including a sample of the form, click this electronic announcement from FSA.
Institutions participating in the FWS and FSEOG programs are normally required to provide a non-Federal share under each program. Certain institutions, however, are eligible for a waiver of those requirements. To receive a waiver of the FWS and FSEOG non-Federal share requirement, the institution must be designated as an eligible Title III or Title V institution. If an institution is designated as a Title III or Title V institution for Federal Fiscal Year 2018 it will receive a waiver of the requirement for the non-Federal share of earned compensation paid to students under the FWS Program and of FSEOG funds awarded to students for the 2018-19 Award Year.
Institutions that are determined eligible for a Title III or Title V program automatically receive the waiver of the non-Federal share requirement for the Campus-Based Programs for the 2018–19 Award Year. No further action is required.
Institutions that are not designated as eligible for a Title III and Title V program have the option to complete the Application for Designation as an Eligible Institution by the deadline which will be announced in the Federal Register in early 2018.
Last month we reported that the Department announced the 2017-2018 Final Funding Authorizations for the Campus Based Programs, however just days later the Department announced that they discovered an error in the underlying calculations for the Federal Work-Study and Federal Supplemental Educational Opportunity Grant. In a July 5, 2017 Electronic Announcement, the Department announced that they would temporarily postpone G5 drawdowns for several days while they recalculated schools’ final awards. Subsequently on July 13, the Department announced that the 2017-2018 Campus Based Program Awards Funding Authorizations had been corrected. On average schools saw a decrease in funding after the recalculation of less than $3,500 for FSEOG and less than $2,500 for FWS. If you haven’t done so already, be sure to double check your school’s 2017-2048 Campus Based Funding Authorizations to ensure that you are using the corrected authorization levels when budgeting for 2017-2018.
The Final Authorizations for the 2017-2018 Campus-Based programs has been posted to the Department’s eCB website. Awards for each Campus-Based program in which a school participates is reflected in the school’s 2017-2018 Statement of Account.
Each institution that applied for funds under the Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), and/or Federal Perkins Loan (Perkins Loan) programs for the 2017-2018 Award Year receives a tentative funding level which is based on a Base Guarantee and a Fair Share Increase. However, if the amount of unexpended 2015-2016 funds exceeds 10% of the institution’s 2015-2016 allocation and no waiver for that unexpended amount was approved, the allocation is reduced by the unexpended amount. The final funding worksheets posted on the eCB website will show the information that was used in the calculation of each school’s 2017-2018 Campus-Based allocations.
The total 2017-2018 federal funds available for allocation to schools under the FWS, FSEOG, and Perkins Loan programs are as follows:
Program Total Federal Funds Available for Allocation to Schools
Perkins Loan $0
For more information about the 2017-2018 Final Funding Authorizations read the Department’s Electronic Announcement Here.
Schools that wish to request supplemental Federal Work Study funds for 2017-2018 may do so by completing the campus based reallocation form by Monday August 14, 2017. Supplemental FWS funds may only be used for the purpose of employing students in community service jobs and only if the school had a FWS shortfall in their 2017-2018 final funding worksheets.
As a reminder, schools MUST determine whether there will be any unexpended funds available from their 2016-2017 allocations. Unexpended 2016-2017 funds will be used to provide supplemental FWS and/or FSEOG funds in 2017-2018 to other eligible schools, but only if unexpended funds are reported by the deadline.
For more information about the Campus Based Reallocation process click here.