Disbursement ID Table Review

The Disbursement ID Table is set up when you define disbursement plans and split codes for awards. A disbursement ID is set up for each disbursement that should be associated with a disbursement plan. Each disbursement ID has a disbursement date associated with it to control the disbursements. The background disbursement process uses the disbursement date to determine whether the awards can be disbursed. The background disbursement process only disburses awards if the cutoff date, on the disbursement calendar, is equal to or later than the disbursement date on the Disbursement ID Table. Set up both the cutoff date on the disbursement calendar and the disbursement date on the Disbursement ID Table to ensure that awards are disbursed at the correct time.

Note:

Federal guidelines state that federal financial aid cannot be disbursed to a student more than 10 days prior to the first day of the term, and that federal financial aid should be disbursed separately for each term.