Primary Note for the 150 Percent Subsidized Loan Limit Rule (SULA) functionality in PeopleSoft Financial Aid
(Doc ID 1618617.1)
Last updated on MAY 20, 2021
PeopleSoft Enterprise CS Financial Aid Information in this document applies to any platform.
Due to recent issues that have been reported with the delivered SULA functionality in CS 9 Bundle #32, Regs 2 2014-2015, we are now recommending that customers no longer take the time to establish the SULA setup tables as part of their installation of CS 9 Bundle #32. These issues are included in the Question and Answer section of this document. Please see this document for further updates on the continuing SULA functionality delivery as it becomes available.
On July 6, 2012, Public Law 112-141, entitled Moving Ahead for Progress in the 21st Century Act (aka MAP-21), was enacted. As part of MAP-21, Congress added a new provision to the Direct Loan statutory requirements whereby, effective July 1, 2013, it limited first-time borrowers from being eligible to receive Direct Lending (DL) Subsidized Loans in excess of 150 percent of their educational program length. Congress defined first-time borrowers as students who do not have an outstanding balance of principal or interest on a Direct or FFEL Program Loan on July 1, 2013. Reporting to COD new program-identifying and borrower information Subsidized Usage Loan Application (SULA) fields so that the borrower's eligibility can be correctly calculated by the Feds.
These fields include: Classification of Instructional Program (CIP) code, Program Length, Enrollment Status, Credential Level, Special Program Flag (Teacher Certification or Preparatory Classes), Weeks Program Academic Year, and Payment Period Start Date. These fields will be added to the DL Origination and Change processes. Due to timing of availability of COD technical specifications Oracle is delivering new functionality for SULA support in phases. The first phase which includes new setup (some in Student Records) required for tracking the new fields to be reported to COD has been delivered in the January / Regs 2 bundle (Bundle 32). The second phase will include the actual changes to DL COD processes to report the new fields. Phase 2 changes plan to be delivered in early April as a post Regs 2 Critical Update and also in Regs 3. Additional updates to Financial Aid Aggregate and Packaging processes are also planned, but not yet targeted.
Oracle will continue to monitor information from FSA and COD in order to deliver required updates in a timely manner.
Update April 3, 2014:
Patch 16842474: Updates for SULA Phase 2 and NSLDS 2014-2015 is now available for download on My Oracle Support (MOS). The fix contains two user documents in the upd906130_install folder:
These file are also attached directly to this Knowledge Document (please see the Attachments section at the bottom of the document).
As with all critical CS patches, this patch will be included in the next Bundle which will be CS 9 Bundle #33.
Questions and Answers
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