The Department of Education has issued key reminders for institutions to ensure efficient processing of originations and disbursements through COD now that the peak processing period for 2024-25 has begun. Here are their recommendations:
- Origination and disbursement responses are processed throughout the day and are often sent to schools within hours. During this peak period, batch processing may take longer. In the unlikely event batch processing takes longer than 24 hours, the FSA Partner and School Relations Center will contact affected schools on the next business day.
- Note: Mondays and Tuesdays are the heaviest processing days. If a school has system flexibility in the scheduling of batch submissions, it may want to consider sending data later in the week.
- All system-generated responses (see the full list in Volume 2, Section 2 of the COD Technical Reference) are processed once a day at 2:30 a.m. Eastern time (ET) for activity that occurred the preceding day. As with batches, in the unlikely event system-generated response processing takes longer than 24 hours, the FSA Partner and School Relations Center will contact affected schools on the next business day.
- Most schools may submit actual disbursement records (Disbursement Release Indicator (DRI) equals “True”) up to seven calendar days in advance of the disbursement date. This applies to all award types.
SOURCE: (COD-24-06) 2024–25 COD System Peak Processing Reminders