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Establishing Aid Years

To set up aid years, use the Define Federal Aid Years (FED_AID_YR_TBL) and Define Financial Aid Years (AID_YEAR_TABLE) components.

This section discusses how to:

Page Name

Definition Name

Navigation

Usage

Federal Aid Year Setup

FED_AID_YR_TBL

select Set Up SACR, then select Product Related, then select Financial Aid, then select Aid Year, then select Define Federal Aid Year, then select Federal Aid Year Setup

Set up the Federal Aid Year table.

Financial Aid Year

AID_YEAR_TABLE

select Set Up SACR, then select Product Related, then select Financial Aid, then select Aid Year, then select Define Financial Aid Years, then select Financial Aid Year

Associate a valid federal aid year with the academic year of your institution.

Access the Federal Aid Year Setup page (select Set Up SACR, then select Product Related, then select Financial Aid, then select Aid Year, then select Define Federal Aid Year, then select Federal Aid Year Setup).

Image: Federal Aid Year Setup page

This example illustrates the fields and controls on the Federal Aid Year Setup page. You can find definitions for the fields and controls later on this page.

Federal Aid Year Setup page

This table defines the aid year according to the standards set by the U.S. Department of Education. You must define all aid years that you are processing in this table.

Enter the days that the aid year begins and ends.

Access the Financial Aid Year page (select Set Up SACR, then select Product Related, then select Financial Aid, then select Aid Year, then select Define Financial Aid Years, then select Financial Aid Year).

Image: Financial Aid Year page

This example illustrates the fields and controls on the Financial Aid Year page. You can find definitions for the fields and controls later on this page.

Financial Aid Year page

Field or Control

Definition
Aid Year

Select the federal aid year to be associated with your academic year start and end dates.
Academic Year Start Date and Academic Year End Date

Enter the dates that your institution's academic year begins and ends. Academic year start and end dates are reported on the origination record to the Common Origination and Disbursement (COD) system.