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

The following illustrates an example of the even split option, Even Among First Disbursements for Term with disbursement protection turned on. The tables display the distribution of an original award amount and then examples of how the system distributes increases and decreases to an award.

The original award amount is 3,000.00 USD, the term target amount is 1,000.00 USD, and the disbursement ID 01 of 1,000.00 USD has already 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

After disbursement ID 01 for fall term, you increase the award to 4,500.00 USD. The term target amount becomes 1,500.00 USD. The system determines the amount that the student receives in the remaining disbursements by awarding additional amounts up to the term target for the first term. In this case, 1,000.00 USD has already been disbursed for disbursement ID 01. The system schedules a 500.00 USD disbursement in disbursement ID 02 of the fall term. The fall disbursements now meet the term target amount. The remaining winter and spring terms are fully undisbursed with no residual overflow created in the fall term. Therefore, the system observes the term target amount of 1,500.00 USD.

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

After the disbursements for fall term, you reduce the award to 2,700.00 USD. The term target becomes 900.00 USD. The student has already received 1,500.00 USD for the fall term. This creates a shortage of 600.00 USD. The following table displays how the system recalculates the scheduled amounts for the terms. The system deducts the already disbursed amount of 1,500.00 USD from the new award amount of 2,700.00 USD leaving a difference of 1,200.00 USD. Because the winter and spring terms are fully undisbursed, the system splits the 1,200.00 USD difference evenly among both terms creating a new term target amount of 600.00 USD. Because the even split option is even among first disbursement for the term, only the first disbursement ID for each remaining term contains 600.00 USD.

Term	Fall Disbursement		Winter Disbursement		Spring Disbursement
Original Term Target Amount	900.00 USD		900.00 USD		900.00 USD
Modified Term Target Amount. Due to Disbursed Monies	1,500.00 USD		600.00 USD		600.00. USD
Scheduled Amount	1,000.00	500.00	600.00	0	600.00	0
Disbursement ID	D 01	D 02	D 03	D 04	D 05	D 06
Disbursed Amount	1,000.00	500.00	0	0	0	0