What does AAG mean in AWARDS & MEDALS
The AAG outlines the procedures, rules, guidance and requirements relevant to the federal student aid programs funded by ED. It describes in-depth information regarding each program’s objectives; when to apply; where to apply; who is eligible; what activities are permissible with funds awarded under each program; how to receive awards; what types of records and reports must be submitted for compliance purposes; risk mitigation strategies associated with financial award risks such as cost disallowances or financial mismanagement and more.
AAG meaning in Awards & Medals in Miscellaneous
AAG mostly used in an acronym Awards & Medals in Category Miscellaneous that means Award and Administration Guide
Shorthand: AAG,
Full Form: Award and Administration Guide
For more information of "Award and Administration Guide", see the section below.
Definition
Usefulness & Benefits
The AAG provides institutions with information about awarding, distributing, administering, monitoring, evaluating, managing funds allocated by ED for their specific program areas. The guide serves as a reference tool for institution staff members responsible for grants management activities associated with ED-funded student assistance programs. It also helps institutions to ensure compliance with federal regulations related to administering these financial aid programs and meet standards set forth in laws applicable to awarding these funds from the US government.
Essential Questions and Answers on Award and Administration Guide in "MISCELLANEOUS»AWARDS"
What is the Award and Administration Guide?
The Award and Administration Guide (AAG) is an official document that outlines the rules, policy requirements, procedures, and guidance applicable to most grants and cooperative agreements awards. It covers topics such as pre-award activities, award terms and conditions, post-award administration of grants and cooperative agreements awarded by the granting agency.
How can I access the AAG?
The AAG is available on the granting agency's website for reference.
Are there any types of awards that are not covered by the AAG?
Yes, certain types of awards may not be covered under the AAG such as those related to emergency relief or foreign assistance projects are governed by different regulations.
Does the AAG cover all phases of grant making process?
Yes, from pre-award activities such as preparing applications, award selection process through post-award administration activities such as managing funds and progress reports etc., the AAG covers the entire process in detail.
Is it mandatory to adhere to the provisions outlined in the AAG?
Yes, institutions must abide by all policies outlined in the AAG while administering grants and cooperative agreements awarded by a granting agency.
Is there any procedure if I want to seek guidance or information about a specific topic not addressed in the AAG?
: Grants Managers at each institution should contact their funding source directly for further information or clarification under such circumstances.
Final Words:
The Award and Administration Guide serves as an important resource guide helping institutions better understand their responsibilities under applicable laws governing postsecondary education grant programs administered by ED's Office of Postsecondary Education (OPE). Understanding how these laws are interpreted and applied can make it easier for institutions comply with federal regulations while maximizing program outcomes.
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