1Overview of Award Year Processing

Every year, there are several actions you need to take to ensure the correct processing of Institutional Student Information Records (ISIRs) from the US Department of Education (ED), along with the ability to award and disburse funds for the new award year.

Each new award year, Oracle delivers support for processing the award year within several releases aligning with the ED publications and release dates. Annual award year changes require that you update your Oracle Student Financial Aid Cloud Service (SFA) setup.

Important: Except for enabling integration with SAIG, make sure you throughly run through the processes in a test environment first before you do this in a production environment.

Here's a checklist for what you need to do for each release.

For new award updates for aid eligibility:

1. Review new award year aid eligibility features and steps for enablement in Release Readiness on Oracle Help Center.

2. Ensure you set up permissions for users.

3. Review baseline configuration for ISIR processing and update your configuration workbooks as needed.

4. Set up document permissions.

5. Enable award year–based file formats.

6. Test ISIR processing.

7. Enable integration with SAIG.

For new award updates for packaging and awarding:

1. Review new award year packaging and awarding features and steps for enablement in Release Readiness on Oracle Help Center.

2. Ensure you set up permissions for users.

3. Review baseline configuration for awarding and disbursing and update your configuration workbooks as needed.

4. Set up document permissions.

5. Enable award year–based file formats.

6. Test packaging and awarding.