Federal Award Processing (COD) Export Dashboard and Results Report

The COD Export process is used to communicate between PowerFAIDS and the Department of Education to keep your institution in compliance for Title IV awards and to streamline reconciliation for any student award discrepancies.

Using PowerFAIDS to export COD files provides:

  • Ability to stay in compliance with the Department of Education: Whether you're originating, disbursing, or updating federal awards to students, you must export the information to notify COD, which will send response files in return. Using COD Export allows you to communicate with the Department of Education and remain in compliance for federal awards.
  • Streamline your communication processes: PowerFAIDS helps streamline your communication process with the Department of Education by making the export process like all PowerFAIDS export flows, displaying previous exports in your dashboard for review at your convenience, and organizing the exports by most recent export date.

  • Logic to ensure only awards and disbursements that pass all checks and rules are processed: PowerFAIDS checks each student record, academic year, payment period, award, and disbursement to ensure it meets all applicable eligibility checks and disbursement rules before processing the origination, update, or disbursement. This ensures aid that is missing a required item or doesn't meet eligibility requirements isn’t processed.

  • Tip: Prior to running the COD Disbursement Export for the first time, review and update the disbursement rules to ensure that they are set for your institutional policies for the disbursement of specific funds

  • Ability to test before running a process to see what will and won’t pass: In addition to running in real mode, the origination, update, and disbursement processes can be run in simulation mode. Regardless of the mode, a results report is available at the end of the process. The results report provides you with the status of each award or disbursement and, if applicable, the reason(s) it wasn’t successful.