Authorization and Disbursement
After a student is awarded financial aid and accepts the award, you authorize each payment disbursement and disburse the money into the student's account. That is, disbursing financial aid to students includes two distinct steps:
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The authorization process uses rules to determine whether a particular award can be disbursed to a student's account. The rules can be set up to apply to all students in a particular career or to particular awards for a career.
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Disbursement is the transfer of funds from the Financial Aid system to the student's account in the Campus Solutions Student Financials system.
Financial aid awards can appear on the student's account:
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Before disbursement, as anticipated aid on a student's account.
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After disbursement, as actual awards credited to the student's account.
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