Prerequisites

Before you begin to set up your institution's financial aid item types and your awarding and packaging rules, you must:

• Set up your institution's installation defaults and other basic elements of the financial aid application processing cycle (such as aid year and valid careers for aid year).

• Set up your item types for financial aid in PeopleSoft Student Financials—you cannot set up your financial aid item types until you have set up item types.

• Establish your financial aid terms.

• Review the concepts of tablesets and setIDs.

If you plan to use admissions rating components as criteria for awarding certain awards, you must:

• Have a list of the rating components used by the admissions office at your institution.

• Know what the various rating components are used for and what names have been used for them in PeopleSoft Recruiting and Admissions.

  See Recruiting and Admissions: Setting up Applicant Evaluation

  See Recruiting and Admissions: Setting Up Student Response.

Before using the Equation Processor you should know what fields are valid for use in equations and what their names are. A list of valid fields can be found in the "Using the Equation Processor" section. Packaging equations are used for queries and selections from the database and to calculate values.

See Viewing and Editing Equations.