Establishing Aid Years

To set up aid years, use the Define Federal Aid Years (FED_AID_YR_TBL) and Define Financial Aid Years (AID_YEAR_TABLE) components.

This section discusses how to:

  • Define federal aid years.

  • Associate federal aid years with academic years.

Pages Used to Establish Aid Years

Page Name Definition Name Navigation Usage

Federal Aid Year Setup

FED_AID_YR_TBL

Set Up SACR, and then Product Related, and then Financial Aid, and then Aid Year, and then Define Federal Aid Year, and then Federal Aid Year Setup

Set up the Federal Aid Year table.

Financial Aid Year

AID_YEAR_TABLE

Set Up SACR, and then Product Related, and then Financial Aid, and then Aid Year, and then Define Financial Aid Years, and then Financial Aid Year

Associate a valid federal aid year with the academic year of your institution.

Defining Federal Aid Years

Access the Federal Aid Year Setup page (Set Up SACR, and then Product Related, and then Financial Aid, and then Aid Year, and then Define Federal Aid Year, and then Federal Aid Year Setup).

This example illustrates the fields and controls on the Federal Aid Year Setup page. You can find definitions for the fields and controls later on this page.

Federal Aid Year Setup page

This table defines the aid year according to the standards set by the U.S. Department of Education. You must define all aid years that you are processing in this table.

Enter the days that the aid year begins and ends.

Associating Federal Aid Years with Academic Years

Access the Financial Aid Year page (Set Up SACR, and then Product Related, and then Financial Aid, and then Aid Year, and then Define Financial Aid Years, and then Financial Aid Year).

This example illustrates the fields and controls on the Financial Aid Year page. You can find definitions for the fields and controls later on this page.

Financial Aid Year page
Field or Control Description

Aid Year

Select the federal aid year to be associated with your academic year start and end dates.

Academic Year Start Date and Academic Year End Date

Enter the dates that your institution's academic year begins and ends. Academic year start and end dates are reported on the origination record to the Common Origination and Disbursement (COD) system.