Creating Equity Item Type Groups

To set up equity item type groups, use the Packaging Equity Item Type component (PKG_EQUITY_GROUP).

This section provides an overview of equity item type groups and discusses how to define equity item type groups.

Understanding Equity Item Type Groups

Equity funds are "free money" for students, such as grants and scholarships, and can include parent and student contributions. Equity limits are established as part of the packaging plan and equity offsets reduce the amount of equity funds available to a student. Financial aid item types that are defined as equity awards are applied toward the equity limit when they are awarded.

Equity item type groups enable you to group together financial aid item types, regardless of their defined equity attribute, for consideration as equity offsets within a packaging plan. You can designate a financial aid item type not defined as an equity award as an equity item type by including it in an equity item type group. Using equity item type groups, a group of financial aid item types can be treated as equity awards in one packaging plan but not in another. You do not need to include financial aid item types defined as equity awards in equity item type groups, but nothing prevents you from doing so.

Page Used to Create Equity Item Type Groups

Page Name	Definition Name	Navigation	Usage
Equity Item Group	PKG_EQUITY_GROUP	Set Up SACR, and then Product Related, and then Financial Aid, and then Awards, and then Packaging Equity Item Types, and then Equity Item Group	Define an equity item type group. Add or delete financial aid item types from an existing group.

Defining Equity Item Type Groups

Access the Equity Item Group page (Set Up SACR, and then Product Related, and then Financial Aid, and then Awards, and then Packaging Equity Item Types, and then Equity Item Group).

This example illustrates the fields and controls on the Equity Item Group page. You can find definitions for the fields and controls later on this page.

Field or Control	Description
Item Type	Select a financial aid item type to include in this equity item type group. All financial aid item types, whether they have been defined as an equity award or not, are available for selection. Insert a new row to add additional financial aid item types to the equity item type group.