Presentation on theme: "PowerFAIDS User Group Troy Davis The College Of The Elms"— Presentation transcript:
1 PowerFAIDS User Group Troy Davis The College Of The Elms Nicholas ZinserNortheastern University
2 Agenda Welcome & Introductions Current & Upcoming Releases Direct Loans & PowerFAIDSContacts & Support
3 Welcome & Introductions NameInstitution#1 question you want answered today
4 Current PowerFAIDS Release The current PowerFAIDS release is 14.3AFixes significant problems found in the 14.3 releaseDirect Loan processing issues resolvedDefault Overpay TagNo $0 disbursements includedFixed an issue with previously disbursed funds disbursing againFixed Web Response files allowing them to be imported againAny issues with 14.3A so far?
5 PowerFAIDS 15.0 Scheduled to be released this month Normal upgrades includedParameter Roll Forward / Award Year SupportPROFILE Import / IM Need AnalysisChanges to PROFILE are big this yearPROFILE files are now XML based rather than a flat fileSupport for International PROFILE has been included
6 PowerFAIDS 15.0 Beta testing Client-side beta testing will begin shortlyIf you can assist, it helps the PowerFAIDS staffContactBeta-testing involves the followingUpgrade your test database to 15.0Upgrade to 15.0 on one client PCPerform a series of processing steps (Parm Roll, PROFILE Import, IM Need Analysis, etc.)Report back to PowerFAIDS with your results48 hour turnaround
7 PowerFAIDS 15.0Beta testing is an important part of the release processAllows for “real world” environments to show potential issues in the softwareGives the end user an idea of how the new release will performNortheastern has been involved in beta testing for nearly 2 yearsHuge help in identifying performance issues and testing functionalityNot a large commitment of staff timeLimited to the small testing audience on staff
8 Direct Loan Processing Pop Quiz!How many users are currently using PowerFAIDS to process Direct Loans?How many are using the flat file to EDExpress?How many are using the COD XML file process?How many users will transition for ?When would you begin that transition?How many users are hoping that FFELP will remain in some form after Congress reviews the bill?
9 Direct Loan Processing Focus on supporting DL in some for inCould give you time to work with a sample populationNew students for Spring termPart-Time studentsUse this as a foundation to build best practices for the upcoming yearCoordinate G5 drawdowns with your business officeRefine your selection sets for disbursements to match DLNortheastern has gone through 5 versions!Determine your cash management and recon-ciliation practice
10 Direct Loan Processing PowerFAIDS summarized their upcoming DL plans last week in an to the forumThey will continue to support both the flat file and XML formats for the upcoming year (15.x cycle)The goal is to eventually offer only the XML optionIf you currently use the flat file, have you thought about making the transition to XML?FDSLP response files contain a lot of data which updates PowerFAIDSLoan informationPromissory Note dataCredit decisions
11 Direct Loan Processing A new file type has been enabled for importCredit Override (CRCO) files can now be importedBegin the COD import process as normalSwitch to “All Files” in the browsing window to see the CRCO filesLoad as a normal response file
12 Direct Loan Processing PowerFAIDS 15.1 DL Release enhancementsEnhanced reconciliation toolsLoad COD SAS files back toLoad Reconciliation File for onwardNew view in the Student module to compare depositsWhat you have processed with CODSAS file data (what has returned from COD)Disbursements from PF to the Business OfficeWhat the Business Office has on their systemDL Net Disbursements will be fixedOption to continue sending the gross amount will bemaintainedNew mnemonics to track data changes through theentire process
13 Direct Loan Processing PowerFAIDS 15.2 Release enhancementsCOD will upgrade their XML schema again this SpringNew version will be 3.0cAll COD files will have to be processed using 3.0cNot just DL – Pell, ACG, SMART, etc.Enables DL origination & disbursement for and using the 3.0c schemaProcessing will not be available prior to 15.2
14 Direct Loan Processing PowerFAIDS 15.3 Release enhancementsImport COD SAS files forStandard reports to support DL reconciliationDL Net Disbursement Anticipated Aid ExtractCan be used by the Business Office to plan for upcoming G5 drawdownsImport Booking Notice (CRBN) filesSupport for DL Rebuild File ( and later)But wait…there’s more…
15 Direct Loan Processing PowerFAIDS 15.3 Release enhancementsSupport for Promissiory Note (CRPN) files!New staging table where you can load MPNsLoad MPNs to student records – even when no loan is packagedMatching criteria will be set to process this dataCOD is changing MPN processing in mid-2010 to support borrower-initiated PLUS & Graduate PLUS loansLimited information is availablePowerFAIDS is pushing back MPN solutions untilthat new process is in place
18 PowerFAIDS & Direct Loan Use the conference sessions from this year’s PowerFAIDS National User Conference as a guideGo to the PowerFAIDS Community Site for the presentationsTraining -> National User Conference
19 PowerFAIDS Documentation The PowerFAIDS User Guide chapter on Direct Loans has not been updated to reflect COD XML processingScroll to the bottom of the documentPast all of the appendicesKeep goingLook for the “New Features & Changes” documents from the 13.2 release and onwardContains all the setup information for DLMake sure to check subsequent release notes forchanges or other updates
20 Upcoming Events FSA Conference PowerFAIDS WebEx Training Wednesday, December 2, 2009Thursday, December 3, 2009Presidential North RoomTime is TBA – check the conference schedulePowerFAIDS WebEx TrainingRegister at the PowerFAIDS Community siteSession on COD & DL – 1/19/2010 at 2pm EST
21 New England PowerFAIDS User Group A new listserv exists for the New England PowerFAIDS User GroupGo toSubscribe using your addressConfirm via response your subscription optionsThis list will be used for announcements related to the User Group
22 Support PowerFAIDS Forum PowerFAIDS User Guide PowerFAIDS User Support PowerFAIDS User GuidePress “F1” when you’re at the Welcome Screen in the PowerFAIDS Student modulePowerFAIDS User Support
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