Refund Element

Required Element? No

Can Repeat? Yes

Best Practices: Only needed if a school is planning to process credit balances in Student Financial Planning (SFP).

Field: Return ID

Description: SFP generated number that's the unique identifier for the return.

Impact on Financial Aid Processing: Used to associate the refund created in SFP credit balance, calculations will be on hold if there are any pending returns that haven't been posted to the student's ledger.

Example	Data Type	Required	XML Schema Validation	Accessible via Configuration?	Display Locations
12345	String	Yes	Number that's the unique identifier for the Return	No	Credit Balance

Field: Status

Description: Current status of the return from an institutions perspective

Impact on Financial Aid Processing: Credit balance calculations will check the return information included to ensure that all returns associated to the program (the credit balance was triggered for) are included and posted to ledger.

Example	Data Type	Required	XML Schema Validation	Accessible via Configuration?	Display Locations
Pending	Enumeration (enum)	Yes	Pending Posted to Ledger	No	Credit Balance

Field: Amount

Description: Current return amount

Impact on Financial Aid Processing: SFP will not reconcile the date or amount for the returns, however this is accessible in reporting within the STUDENT_REFUND_VW view and can be used for reconciliation.

Example	Data Type	Required	XML Schema Validation	Accessible via Configuration?	Display Locations
3000.32	Decimal	No	No	No	Credit Balance

Field: Ledger Posting Date

Description: Date the return was posted to the student's ledger

Impact on Financial Aid Processing:SFP will not reconcile the date or amount for the returns, however this is accessible in reporting within the STUDENT_REFUND_VW view and can be used for reconciliation.

Example	Data Type	Required	XML Schema Validation	Accessible via Configuration?	Display Locations
2025-01-01	Date	No	No	No	Credit Balance