July 20, 2016
This past week, the Banner Grants Billing module went live for our largest federal agencies that use the Payment Management System (Department of Health and Human Services, National Science Foundation, and Department of Education). For the period beginning July 1, 2016, to July 13, 2016, we drew down funds over $3.5 million, including $2.5 million of federal student loan funds. Going forward, these agencies will be drawn at least once per week. All other agencies will be billed monthly or on the schedule dictated by the award notice.