Defining Interest Rates and Work Hours

Access the Interest Rates and Work Hours page (Set Up SACR, and then Product Related, and then Financial Aid, and then College Financing Plan, and then Interest Rates and Work Hours).

This example illustrates the fields and controls on the Interest Rates and Work Hours page. You can find definitions for the fields and controls later on this page.

Interest Rates and Work Hours page

Note:

This page applies only to AY 2021 and later.

Use this page to define:

  • Interest rates and origination fees for various loan programs.

  • Income Share Agreement income percentage and months duration.

  • Federal Work-Study hours per week.

These values appear in Loan Options and Work Options on the College Financing Plan. If you don’t enter a value in a field, the value that appears on the College Financing Plan is ‘0’.