Financial Aid Defaults

INSTALLATION_FA

Set Up SACR, Install, Financial Aid Installation, Financial Aid Defaults

Select Loan Counseling Version for managing loan counseling requirement.

Disbursement Rules: Item Type - Indicators

DISB_RULE_ITM1

Access the Disbursement Rules: Item Type - Indicators page (Set Up SACR, Product Related, Financial Aid, Disbursement, Define Item Types Rules, Indicators).

Indicate if Item Type requires an entrance interview.

Define Loan Type

SFA_LN_CNSL_XREF

Set Up SACR, Product Related, Financial Aid, Loans, Define Loan Counseling Options, Define Loan Type

Define loan-counseling requirements by loan type.

Loan Counseling

SFA_LN_CNSL_SETUP

Set Up SACR, Product Related, Financial Aid, Loans, Define Loan Counseling Options, Loan Counseling

Define the entrance and exit interview URLs and associated attribute

Loan Counseling Search/Match Parameters

SFA_LN_SRCHMCH

Set Up SACR, Product Related, Financial Aid, Loans, Set DL Loan Counseling Search Match

Define search and match criteria for use when processing COD loan entrance data.

Loan Counseling Version

Select which version of Loan Counseling for use throughout the system. This selection controls what components of Loan Counseling are available and how Authorization and Disbursement processing evaluates loan counseling requirements to release funds for disbursement. This selection also controls how loan counseling is displayed on the Packaging Status Summary page.

• Simple – Select to limit the management of loan counseling to annual evaluation and processing. This is the default value.

• Expanded – Select to enable multiple loan counseling setup options: annual , multiple aid year, and student self-service,

Loan Entrance Intervw Req loan entrance interview required

Select this check box to have the authorization process determine whether a student must complete loan entrance counseling for awards of this item type.

If your school selects a Loan Counseling Version of Simple in the Financial Aid Defaults setup, the authorization process checks the student's NSLDS history for a prior Stafford, Direct, or Supplemental Loan for Students (SLS) loan. If the system finds a record, it authorizes the item type for disbursement. If no prior loan history exists, the student is assumed to be a new borrower, and the Loan Entrance Interview Status field on the Packaging Status Summary component is checked for the student's current status.

If your school selects a Loan Counseling Version of Expanded in the Financial Aid Defaults setup, the authorization process reviews the student's loan counseling history on the Loan Counseling page to determine whether the student has satisfied the requirement.

See Managing Loan Counseling.

Multi Year

Select if a loan-counseling entrance interview is required only once.

Annual

Select if a loan-counseling entrance interview is required each aid year that the student borrows this type of loan.

Entrance Counseling URL

Enter URL to display in Self Service.

Multi Year

Select if a loan-counseling exit interview is required only once.

Annual

Select if a loan-counseling exit interview is required each aid year that the student borrows this type of loan.

Exit Counseling URL

Enter URL to display in Self Service.

Use Default Exit Date

Select this check box to specify the default exit date for activating your exit interview URL. If this check box is selected, the Exit Date Calculation Choice is displayed. If it is not selected, the Exit Date is displayed.

Exit Date Calculation Choice

Select the number of days from the exit or program completion date to start displaying the exit interview link to students.

If you select Multi-Year, the system uses the student's graduation date to calculate the number of days based on the Exit Date Calculation Choice value. For example, if the value is 15 and the graduation date is June 30, the link will appear on June 15.

If you select Annual, the system uses the last day of the term and subtracts the value in the Exit Date Calculation Choice check box. For example, if the value is 15 and the last day of the term is June 15, the link will appear on May 30.

Exit Date

Enter or select the calendar date on which to start displaying the exit interview link. This field displays when Use Default Exit Date is not selected.

National ID

NationalIDRule

Last Name

LastNameSrchRule

First Name

FirstNameSrchrule

Middle Initial

MiddleNameRule

Date of Birth

DateOfBirthRule

No Match

Select Add or Suspend as the action for the Processing COD Loan Counseling to take when no match is found.

Match(es) Found

Starting from the lowest search order, select Update or Suspend as the action to take when a match is found. In this example, 10 is the lower and most restrictive search rule.