Update the Return to Lender ID and Return Date

When you update the disbursement status to Disbursement Returned, you need to Update the Return to Lender ID and Return Date.

Overview

Student Financial Planning validates the sequence number is greater than 1 and that there is a sequence number 1 in a status of Disbursed. If those requirements are met, the system generates a unique Return to Lender ID (based on defined rules). However, you can override it.

Tips for updating the Return to Lender ID and Date

The Return to Lender ID and Return Date are required and should be set/updated together.

• The Sequence 1 disbursement must be in a status of Disbursed
• The Sequence Number must be great than 1 to update the status to Disbursement Returned
• A Return Date must be entered if the disbursement is being returned
• There must be a unique Return to Lender ID Number

Student Financial Planning should only allow the user to add a return date if the disbursement status is Disbursement Returned.

Required Role Permissions

The user must have a role with the following General Permission(s) through Roles Management in order to complete the manual processing steps listed below.

• Administration
• System Management
• Disbursement Administrator

See Set General Permissions Matrix for additional information.

Manual Processing Steps

Log into the Student Financial Planning User Interface (UI)

1. Navigate to Administration > System Management > Disbursement Administration
2. Update the Disbursement Status to Disbursement Returned
   • Sequence Number for disbursement(s) must be greater than 1
   • There must be a Sequence Number 1 in a status of Disbursed
3. Confirm/Update the Return to Lender ID and Return Date
   • Manually Update the Return to Lender ID and/or Return Date (if needed)
4. Save Disbursement Records
   • Confirm modifications
   • Send Originations to COD and/or Re-Originate if you need to communicate the updates to COD
5. Review the disbursing UI to confirm changes.