Troy Davis The College Of The Elms Nicholas Zinser Northeastern University.

PowerFAIDS User GroupTroy Davis

The College Of The Elms

Nicholas ZinserNortheastern University

AgendaWelcome & IntroductionsCurrent & Upcoming ReleasesDirect Loans & PowerFAIDSContacts & Support

Welcome & IntroductionsIntroductions

NameInstitution#1 question you want answered today

Current PowerFAIDS ReleaseThe current PowerFAIDS release is 14.3A

Fixes significant problems found in the 14.3 release Direct Loan processing issues resolved

Default Overpay Tag No $0 disbursements included Fixed an issue with previously disbursed funds

disbursing again Fixed Web Response files allowing them to be

imported again

Any issues with 14.3A so far?

PowerFAIDS 15.0Scheduled to be released this monthNormal upgrades included

Parameter Roll Forward / 2010-2011 Award Year Support

PROFILE Import / IM Need AnalysisChanges to PROFILE are big this year

PROFILE files are now XML based rather than a flat file

Support for International PROFILE has been included

PowerFAIDS 15.0Beta testing

Client-side beta testing will begin shortlyIf you can assist, it helps the PowerFAIDS staff

Contact [email protected] involves the following

Upgrade your test database to 15.0 Upgrade to 15.0 on one client PC Perform a series of processing steps (Parm Roll,

PROFILE Import, IM Need Analysis, etc.) Report back to PowerFAIDS with your results 48 hour turnaround

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

Direct Loan ProcessingPop 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 2010-2011? When would you begin that transition?

How many users are hoping that FFELP will remain in some form after Congress reviews the bill?

Direct Loan ProcessingFocus on supporting DL in some for in 2009-2010

Could give you time to work with a sample population New students for Spring term Part-Time students

Use this as a foundation to build best practices for the upcoming year Coordinate G5 drawdowns with your business office Refine your selection sets for disbursements to match DL

Northeastern has gone through 5 versions! Determine your cash management and recon-

ciliation practice

Direct Loan ProcessingPowerFAIDS summarized their upcoming DL plans

last week in an e-mail 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 option

If 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

Direct Loan ProcessingA new file type has been enabled for import

Credit Override (CRCO) files can now be imported Begin the COD import process as normal Switch to “All Files” in the browsing window to see

the CRCO files Load as a normal response file

Direct Loan ProcessingPowerFAIDS 15.1 DL Release enhancements

Enhanced reconciliation tools Load COD SAS files back to 2008-2009 Load Reconciliation File for 2010-2011 onward

New view in the Student module to compare deposits What you have processed with COD SAS file data (what has returned from COD) Disbursements from PF to the Business Office What the Business Office has on their system

DL Net Disbursements will be fixed Option to continue sending the gross amount will be

maintainedNew mnemonics to track data changes through the

entire process

Direct Loan ProcessingPowerFAIDS 15.2 Release enhancements

COD will upgrade their XML schema again this Spring New version will be 3.0c

All COD files will have to be processed using 3.0c Not just DL – Pell, ACG, SMART, etc.

Enables DL origination & disbursement for 2010-2011 and 2009-2010 using the 3.0c schema 2010-2011 Processing will not be available prior to

15.2

Direct Loan ProcessingPowerFAIDS 15.3 Release enhancements

Import COD SAS files for 2010-2011Standard reports to support DL reconciliationDL Net Disbursement Anticipated Aid Extract

Can be used by the Business Office to plan for upcoming G5 drawdowns

Import Booking Notice (CRBN) filesSupport for DL Rebuild File (2009-2010 and

later)But wait…there’s more…

Direct Loan ProcessingPowerFAIDS 15.3 Release enhancements

Support for Promissiory Note (CRPN) files! New staging table where you can load MPNs Load MPNs to student records – even when no loan is

packaged Matching criteria will be set to process this data

COD is changing MPN processing in mid-2010 to support borrower-initiated PLUS & Graduate PLUS loans Limited information is available PowerFAIDS is pushing back MPN solutions until

that new process is in place

Direct LoansOpen discussion

Direct LoansPriority List

PowerFAIDS & Direct LoanUse the conference sessions from this year’s

PowerFAIDS National User Conference as a guideGo to the PowerFAIDS Community Site for the

presentations Training -> National User Conference

PowerFAIDS DocumentationThe 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 onward Contains all the setup information for DL Make sure to check subsequent release notes for

changes or other updates

Upcoming EventsFSA Conference

Wednesday, December 2, 2009Thursday, December 3, 2009

Presidential North Room Time is TBA – check the conference schedule

PowerFAIDS WebEx TrainingRegister at the PowerFAIDS Community site

Session on COD & DL – 1/19/2010 at 2pm EST

New England PowerFAIDS User GroupA new listserv exists for the New England

PowerFAIDS User GroupGo to

http://lists.neu.edu/mailman/listinfo/nepfugSubscribe using your e-mail addressConfirm via e-mail response your subscription

optionsThis list will be used for announcements

related to the User Group

SupportPowerFAIDS Forum

[email protected] User Guide

Press “F1” when you’re at the Welcome Screen in the PowerFAIDS Student module

PowerFAIDS User [email protected]

Questions?Contact information:

Troy Davis [email protected] 1-413-265-2249

Nicholas Zinser [email protected] 1-617-373-5830