Disbursing Title IV Funds Using New 24/25 ISIR

The ability to disburse Title IV funds for the new 24/25 Award Year leveraging updated fields received in the ISIR.

When evaluating late disbursement criteria, the system will utilize the SAI field from the updated 24/25 ISIR for the 24/25 award year and forward in lieu of previously used 23/24 ISIR Primary EFC field.

  • Late Disbursement Criteria Impacted by these updates include:
    • Student has ISIR containing an EFC processed on or prior to Award Year End Date
    • Student has ISIR containing an EFC processed on or prior to Loan Period End Date
    • Student has ISIR containing an EFC processed on or prior to OLDA
  • Late Disbursement Criteria description within configuration and verbiage displayed on the UI have been updated to read:
    • "Student has ISIR containing an EFC/SAI processed on or prior to Award Year End Date"
      • Replacing "Student has ISIR containing an EFC processed on or prior to Award Year End Date"
    • "Student has ISIR containing an EFC/SAI processed on or prior to Loan Period End Date"
      • Replacing "Student has ISIR containing an EFC processed on or prior to Loan Period End Date"
    • "Student has ISIR containing an EFC/SAI processed on or prior to OLDA"
      • Replacing "Student has ISIR containing an EFC processed on or prior to OLDA"

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

  • If you have configured any of the impacted late disbursement criteria in the LATE_DISBURSEMENT_PWD_CRITERIA workbook, when the release is received and your configuration is exported, the updated verbiage will be applied.
  • For any existing students where the late disbursement criteria has already been evaluated, it will continue to display as the original description without "SAI" included.
  • You will need to load a valid 24/25 ISIR and SAFI for the student in order to package and award Title IV funds for the 24/25 Award Year prior to evaluating the updated disbursement criteria.

Key Resources