Financial Aid Fundamentals Rel 9

Distributing limited funds fairly can be a formidable task. PeopleSoft Financial Aid helps you manage your financial aid awards process.

In this course, you learn how to manage and process FAFSA/ISIR and Profile data. Discover how to create budgets, award and package aid, manage disbursements, and ensure compliance.

Learn To:

• Create student budgets
• Use Satisfactory Academic Progress
• Perform packaging
• Create Financial Aid item types
• Disburse financial aid
• Perform the ISIR load process

A Live Virtual Class (LVC) is exclusively for registered students; unregistered individuals may not view an LVC at any time. Registered students must view the class from the country listed in the registration form. Unauthorized recording, copying, or transmission of LVC content may not be made.

Audience

• Functional Implementer

Course Topics Setting up the Financial Aid Year

• Defining the Aid Year
• Defining the Academic Structure for Financial Aid Processing
• Describing School Code Setup
• Defining Financial Aid Processing Defaults
• Performing Aid Year Rollover

Performing the ISIR Load Process

• Preparing Students for Financial Aid Processing
• Loading ISIR Data into Staging Tables
• Performing an ISIR Load

Performing ISIR Corrections

• Describing the ISIR Corrections Component
• Performing an INAS Simulation
• Sending ISIR Corrections to CPS
• Performing ISIR Record Cleanup

Managing Data From Other External Sources

• Loading NSLDS Data
• Describing the PROFILE and Need Access Data Load Process
• Describing Institutional Application Maintenance

Using Financial Aid Terms

• Explaining the Sources Used to Build Financial Aid Terms
• Setting Up Financial Aid Terms
• Building Financial Aid Terms

Creating Student Budgets

• Creating Budget Components
• Describing Budget Groups
• Assigning a Budget Manually
• Setting up Online and Background Budget Assignments
• Performing Background Budget Assignment
• Creating Budgets Online

Creating Disbursement Plans and Split Codes Creating Financial Aid Item Types

• Describing Student Financials Setup that Affects Financial Aid
• Setting up Aggregate Aid
• Creating Loan Fees
• Creating Financial Aid Item Types
• Setting up Fiscal Item Types
• Describing Award Messages

Defining Packaging Plans

• Explaining How to Approach Packaging
• Understanding Equations in Packaging
• Using Packaging Plans

Performing Financial Aid Packaging

• Awarding Financial Aid Manually
• Performing Auto Packaging
• Entering Professional Judgment Decisions
• Describing Special Packaging Cases
• Expiring Anticipated Aid
• Manipulating Multiple Awards at a Time
• Setting up Financial Aid Self Service

Using Satisfactory Academic Progress

• Describing the SAP Process
• Setting up SAP
• Monitoring SAP

Performing Financial Aid Disbursement

• Describing the Authorization and Disbursement Process
• Setting up Disbursement Rules
• Running Disbursement for One Student
• Setting up Batch Disbursement
• Running Batch Disbursement

Course Objectives

• Create disbursement plans and split codes
• Create financial aid item types
• Define packaging plans
• Perform financial aid packaging
• Use Satisfactory Academic Progress
• Perform financial aid disbursement
• Perform the ISIR load process
• Manage data from other external sources
• Set up the financial aid year
• Perform ISIR corrections
• Use financial aid terms
• Create student budgets