Illustrating Even Across Disbursements by Term with Disbursement Protection Turned Off

The following illustrates an example of the even split option, Even Across Disbursements by Term with disbursement protection turned off for a quarter-based institution with two disbursement IDs per term. The tables display the distribution of an original award amount and then an example of how the system distributes a decrease to an award.

The original award amount is 3,000.00 USD, the term target amount is 1,000.00 USD, and 500.00 USD has already been disbursed in the disbursement ID 01.

Term	Fall Disbursement		Winter Disbursement		Spring Disbursement
Term Target Amount	1,000.00 USD		1000.00 USD		1,000.00 USD
Scheduled Amount	500.00	500.00	500.00	500.00	500.00	500.00
Disbursement ID	D 01	D 02	D 03	D 04	D 05	D 06
Disbursed Amount	500.00	0	0	0	0	0

After the first disbursement for fall term, you reduce the award from the original award amount of 3,000.00 USD to 2,700.00 USD. The term target becomes 900.00 USD. The student already received 500.00 USD, but with disbursement protection turned off, the system recalculates the remaining disbursements to be 450.00 USD with a disbursement adjustment of 50.00 USD. When you run Authorization/Disbursement, the system adjusts the disbursement by 50.00 USD.

Term	Fall Disbursement		Winter Disbursement		Spring Disbursement
Term Target Amount	900.00 USD		900.00 USD		900.00USD
Scheduled Amount	450.00	450.00	450.00	450.00	450.00	450.00
Disbursement ID	D 01	D 02	D 03	D 04	D 05	D 06
Disbursed Amount	450.00	0	0	0	0	0