One of your ideas has been delivered from your suggestion.Configurable Loan Period Award Year Selection

This feature enhances the Direct Loan fund calculations to better align with institutional policies, by introducing a new configuration to define which award year will be selected when the loan period is a cross-over between two aid years.  This new script applies to all direct loan funds including subsidized loans, unsubsidized loans, UNSUB medical, PLUS and Graduate PLUS loans, as well as all academic models, term and non-term.

  • A new configuration column titled Direct_Loan_Crossover_LP_AwY_Selection is included in PKGSCHEDATTRIB.csv workbook to define the groovy statements. 
    • The script contains access to the following bindings: 
      • ISIR Data
      • Financial Plan
      • Program 
      • Disbursements API 
    • The script output is the award year.
      • If no scripted rules exist or the script output is null (no award year is returned), the system will default to the existing hard-coded aid year selection rules per fund code. 
  • Existing bindings in the scripting API have been enhanced to allow the selected loan period award year to be accessed when applicable, such as through Non-Federal Fund scripts if the award year selected is required to match Title IV loans.

Extend automation for all cross-over academic year scenarios by supporting greater configuration flexibility in selecting the loan period award year. 

Here's the demo of these capabilities:

Steps to Enable

Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.

Offering: Student Financial Aid

  • Download 24D baseline configuration and review changes to Direct_Loan_Crossover_LP_AwY_Selection in PKGSCHEDATTRIB.csv workbook.
    • Baseline configuration matches industry standards and groovy script will select the first award year, unless it is a summer only loan period, the first term is the cross over period including summer headers, or if disbursements have already been disbursed in the upcoming award year to prevent any returns in edge cases.
  • Test to ensure the changes are working as expected.
  • Upload your tested configuration to your Production environment.

Tips And Considerations

  • Oracle recommends establishing an effective date for the configuration within the script itself to ensure the evaluation is completed on an going forward basis.  
  • If the column is blank or the output result is null, the system will default to the existing aid year selection rules for the direct loan period.
  • It is recommended to use the candidateAwys method or constructed starting from helper.awardYear with different methods.

Key Resources

  • For more information, see these resources: