Disbursement Proration Rules

If financial aid at your institution is always awarded based on a full time academic load or you have funds for which a full time academic award is assumed, you can set proration rules for specific awards. Use proration rules to base the disbursement for specific awards on a student's enrollment load instead of using the default full time award amount. The term award amount is prorated based on a formula that you set up on the Disbursement Proration Rules page. The proration is calculated for each disbursement for an award and the amounts can vary depending on the term each disbursement is assigned.

Disbursement proration rules are most useful for nonfederal awards and institutional funds for which the award amount should be based on the academic load of the student. You can apply a disbursement proration rule to a financial aid item type when you define the financial aid item type's disbursement rules—on the Disbursement Rules: Item Type - Indicators page.

Note:

Disbursement proration rules should not be set up for Pell Awards if you select Enrollment FA Load or Enrollment Current Load in any of the Pell calculation fields Pell Calculation Start, Pell Calculation Midterm, and Pell Calculation Census. The Pell Calculator automatically prorates a student's award based on their FA Load or Current Load, Cost of Attendance (COA), and Expected Family Contribution (EFC)/Student Aid Index (SAI) when you select Enrollment FA Load or Enrollment Current Load. If you select Full Time or Half Time for all of the Pell calculation fields, you could use a disbursement proration rule, but be aware that the proration rule reduces the award based on the FA Load only.