Home News COD System Operational Update – Reporting Deadlines and Reminders for CARES Act Relief, Coronavirus Indicator and R2T4 (EA ID: COD-21-01)

COD System Operational Update – Reporting Deadlines and Reminders for CARES Act Relief, Coronavirus Indicator and R2T4 (EA ID: COD-21-01)

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This announcement provides a Common Origination and Disbursement (COD) System update about reporting deadlines and related reminders for reporting disbursement information qualifying for CARES Act relief.

Coronavirus Indicator

We are extending the timeframe for schools to add the Coronavirus Indicator for disbursements of Title IV funds for the 2020–21 Award Year until Sept. 30, 2021. In previous guidance, including a Sept. 23, 2020 Electronic Announcement, we stated that schools should add the Coronavirus Indicator to disbursements qualifying for CARES Act relief no later than Dec. 31, 2020. Because of the ongoing impacts postsecondary institutions and their students face resulting from the coronavirus disease (COVID-19) pandemic, it is necessary to extend the timeframe for schools to add the Coronavirus Indicator for disbursements for the 2020–21 Award Year until Sept. 30, 2021.

There was no change to the deadline to add the Coronavirus Indicator for disbursements from the 2019–20 Award Year; however, in limited circumstances, schools may become aware after Dec. 31, 2020 that a withdrawal from the 2019–20 Award Year qualifies for CARES Act relief. In these circumstances, the school is directed to add the Coronavirus Indicator for qualifying disbursements for such students as soon as possible.

As a reminder, schools should set the Coronavirus Indicator only after confirming that no further changes to a disbursement will be necessary. No changes may be made to a disbursement after the Coronavirus Indicator is selected.

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