Post-Withdrawal Disbursements
When a student is eligible for a Post-Withdrawal Disbursement (PWD), Student Financial Planning notifies the student/parent, consumes the fund amounts in the fund acceptance message received by the student/parent, determines if the fund acceptance is acceptable based on configured due dates and updates, disburses or cancels funds as necessary.
What Student Financial Planning Automatically
Student Financial Planning automatically does the following things:
Evaluates post-withdrawal disbursement criteria
Student Financial Planning evaluates the student's record when a Return to Title IV (R2T4) calculation is completed. Student Financial Planning determines specific PWD information, including: Total Outstanding Charges, Total PWD Amount per fund, PWD Amount Applied to Open Charges, and PWD Amount Over Open charges.
PWD/LD Disbursement Criteria
| Number | Criterion | Funds Required to Meet Criteria |
| 1 | Student has ISIR containing an SAI/EFC processed on or prior to OLDA (PWD Criteria has been evaluated within the R2T4 Process following rules for Late Disbursements for Withdrawn and Graduated Students). | All Title IV Funds must meet this criterion. |
| 2 | Date is less than 180 days past the OLDA (PWD Criteria has been evaluated within the R2T4 Process following rules for Late Disbursements for Withdrawn and Graduated Students). | All Title IV Funds must meet this criterion. |
| 3 | Student has the ISIR Status required (PWD Criteria has been evaluated within the R2T4 Process following rules for Late Disbursements for Withdrawn and Graduated Students). | All Pell, IASG, and TEACH must meet this criterion. |
| 4 | Grant Payment Periods are required to be completed prior to
moving forward to a subsequent payment period. Note: Description will not be displayed on the UI. |
All Pell, IASG, and TEACH must meet this criterion. |
| 5 | Grant is awarded on or prior to OLDA (PWD Criteria has been evaluated within the R2T4 Process following rules for Late Disbursements for Withdrawn and Graduated Students). | AND FSEOG disbursements must also meet this criterion. |
| 6 | Loan originated on or prior to OLDA (PWD Criteria has been evaluated within the R2T4 Process following rules for Late Disbursements for Withdrawn and Graduated Students). | AND Direct Loans must also meet this criterion. |
| 7 | First-Time, First-Year Borrower, student completed 30 days of the
program. Anticipated Disbursement Date will never be set prior to 30
days for first-time borrowers. Note: Description will
not be displayed on the UI. |
AND Direct Loans must also meet this criterion. |
| 8 | For a second disbursement, the student graduated or completed the period for which the loan was intended. (PWD Criteria has been evaluated within the R2T4 Process following rules for Late Disbursements for Withdrawn and Graduated Students). | AND Direct Loans must also meet this criterion. |
| 9 | For a first disbursement, the student has met at least half-time enrollment. For a first disbursement, the system determines if the student has begun attendance in enough courses to establish half-time enrollment and has the appropriate tag to meet the special PWD criteria. | AND Direct Loans must also meet this criterion. |
| 10 | Grant originated on or prior to OLDA. (PWD Criteria has been evaluated within the R2T4 Process following rules for Late Disbursements for Withdrawn and Graduated Students). | AND TEACH disbursements must also meet this criterion. |
Determines if fund acceptance: received by due date
The PWD Fund Acceptance can be received from the student/parent if they return documentation to the institution in person, fax or email, via the student portal or from an external system up to the PWD Acceptance Due Date.
Determines if fund acceptance: not received by due date
If the PWD Fund Acceptance is not received by the PWD Acceptance Due Date, Student Financial Planning removes the PWD amount from the student's package and the disbursement is canceled. When the disbursement is canceled Student Financial Planning notifies the student/parent.
Re-evaluates the PWD due to a new R2T4 calculation
If a new R2T4 calculation is completed and the PWD amount has changed, Student Financial Planning re-evaluates the PWD. Student Financial Planning increases or decrease funds as necessary and notifies the student/parent the amount has been adjusted.
Uses an extended PWD acceptance due date
If an authorized user extends the PWD Acceptance Due Date, Student Financial Planning uses the updated date to determine if the PWD Disbursement Fund Acceptance is acceptable.
Configurable Attributes
Configure the PWD acceptance due date
You can configure the PWD Fund Acceptance Due Date for each specific fund so that the PWD is canceled if the PWD Fund Acceptance is not received by the configured deadline. The time frame in which the student/parent is given to make a decision must be 14 days or greater.
Extend the PWD acceptance due date
You can extend the PWD Acceptance Due Date for a specific student.
The user must have a role with the following General Permission(s) through Roles Management in order to view the following information.
- Student
See Set General Permissions Matrix for additional information.