Awarding for Additional Terms

To award students for a term you must have a Financial Aid term and a budget associated with the student for the term that you want to award. If the Financial Aid term and budget do not exist for the term you are awarding, you must create a row in the Financial Aid term record and the budget record for that term. The Financial Aid term and a budget must be present for the student because the disbursement record for an award cannot be created without the associated Financial Aid term and budget. For example, if you want to award for a summer term before summer enrollment data—Financial Aid term—is available, you must manually create the summer Financial Aid term and a summer budget.

Note:

A budget for the student is not required if you are awarding a Financial Aid Item Type that has a meet need/cost attribute of either No Effect or Conditional or if you are awarding using the Professional Judgement page.

If you are awarding for an additional term, not previously awarded for, you must use a relevant disbursement plan/split code combination to account for that new term. For example, if the student was awarded based on two terms, fall and winter, and now needs to be awarded for the spring term, you can change the split code if the disbursement plan encompasses all three terms. Otherwise, you must award for the spring term using different Financial Aid Item Types and disbursement plans and split codes that reflect a spring only disbursement.