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Setting Up Disbursement Proration Rules

To set up disbursement proration rules, use the Create Proration Rules (DISB_PRORATION) component.

This section discusses how to define a proration scheme.

Page Name

Definition Name

Navigation

Usage

Disbursement Proration Rules

DISB_PRORATION

select Set Up SACR, then select Product Related, then select Financial Aid, then select Disbursement, then select Create Proration Rules, then select Disbursement Proration Rules

Define a proration scheme. Then use the Disbursement Rules: Item Type - Indicators page to apply the disbursement proration rule to a specific financial aid item type.

Access the Disbursement Proration Rules page (select Set Up SACR, then select Product Related, then select Financial Aid, then select Disbursement, then select Create Proration Rules, then select Disbursement Proration Rules).

Image: Disbursement Proration Rules page

This example illustrates the fields and controls on the Disbursement Proration Rules page. You can find definitions for the fields and controls later on this page.

Disbursement Proration Rules page

Field or Control

Definition
FA Load

Select an enrollment value to include in the proration rule. Insert rows to add all valid FA Load values for your institution. If a student's enrollment does not match any of the values that you select on this page, the system generates an error message when you run the authorization process. FA Load values are defined in the PeopleSoft Student Records Level/Load Rules component. Values are:

Full-Time: The student is enrolled full-time.

Half-Time: The student is enrolled half-time.

Less 1/2: The student is enrolled less than half-time.

No Units: The student is not enrolled in any units for the term.

Three Qtrs: (three-quarters): The student is enrolled for three-quarters of a full-time load.
% (percentage)

Enter the percent of the term's disbursement that the student should receive for this enrollment level.

Note: You should create an award message that tells students why their disbursed amount is less than their awarded amount for awards that use the disbursement proration rule. The award message can be defined for individual financial aid item types.