2810.02.01  INSTITUTIONAL PAYMENT SUMMARY (IPS ED FORM 255-3)

Periodic submission of student payment data to the Pell Grant Program is 
required indicating payment dates and cumulative year-to-date payments.  
From the data submitted, the Pell Grant Program will issue an IPS batch 
report reflecting the data that were accepted, accepted with assumptions, and 
rejected, along with the net dollar adjustment as of the processing date.  It is 
incumbent on the institution to immediately analyze and correct those items 
which were rejected and to determine what action, if any, needs to be taken 
on the data accepted with assumptions.  The net dollar adjustment (plus or 
minus) will be reflected on the Statement of Account.