Skip to main content
FAME Regulatory Bulletin

Request an “underuse penalty waiver” for Campus-Based programs by February 8, 2013

If a school did not use all of its 2011-2012 Campus-Based programs federal allocations, and that amount not used exceeded 10% of the federal allocation, a school has until February 8, 2013 to submit a request for a waiver of the penalty for not using all of its allocation. If an acceptable request for waiver of the penalty is not submitted by that date, the institution’s Campus-Based federal allocations for 2013-2014 will be reduced by the amount not utilized in 2011-2012. A waiver may be granted only if the school is able to explain that the underuse was due to circumstances beyond its control and why those circumstances are not expected to recur. See the Electronic Announcement dated January 16, 2013 on IFAP for more details.

Leave a Reply