Illustrating Even Among First Disbursement for Term with Disbursement Protection Turned Off

The following illustrates an example of the even split option, Even Among First Disbursement for 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 is 1,000.00 USD, and the first disbursement has been disbursed.

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

If you reduce the award to 2,700.00 USD, the term target amount becomes 900.00 USD. Because disbursement protection is turned off, the originally scheduled disbursement amount is recalculated to the term target amount of 900.00 USD with a disbursement adjustment of 100.00 USD. When you run the authorization and disbursement processes, the system adjusts the disbursement by 100.00 USD.

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