Financial Aid Fundamentals Rel 8.9

Description:

Distributing limited funds fairly can be a formidable task. PeopleSoft Student Administration will help you control your financial aid awards process-if you know how to use the system effectively. In this course, you'll learn how to manage and process FAFSA/ISIR and Profile data using both Federal and Institutional Methodologies for needs analysis. Discover how to create budgets, award and package aid, handle disbursements, and ensure compliance.

Learn To:

• Manage and process FAFSA/ISIR data
• Create budgets
• Award and package aid
• Handle disbursements

Audience:

Functional Implementer

Objectives:

• Describe PeopleSoft Financial Aid
• Set up the financial aid year
• Perform the ISIR load process
• Perform ISIR corrections
• Manage data from other external sources
• Use financial aid terms
• Create student budgets
• Create financial aid item types
• Create disbursement plans and rules
• Define packaging plans
• Perform financial aid packaging
• Perform financial aid disbursement

Prerequisites:

Required Prerequisites:
Understanding of basic navigation and PeopleSoft concepts
Use of control tables to enforce business rules
Able to run processes and reports
Working knowledge of the admissions process
Intro to PS for CS Rel 8.9
3Cs - Communications, Checklists, and Comments Rel 8.9
Admissions Fundamentals Rel 8.9

Topics:

Setting up the Financial Aid Year
Defining the aid year
Defining the Academic Structure for Financial Aid Processing
Describing School Code Setup
Defining Financial Aid Processing Defaults
Using Early Financial Aid
Performing Aid Year Rollover

Performing the ISIR Load Process
Preparing Students for Financial Aid Processing
Loading ISIR Data Into Staging Tables
Using ISIR Data Load Parameters
Describing Setup for ISIR Load
Performing an ISIR Load
Identifying Pages That Affect Student ISIR Data

Performing ISIR Corrections
Describing the ISIR Corrections Component
Performing an INAS Simulation
Sending ISIR Corrections to CPS
Identifying Outstanding ISIR Corrections
Listing Other Files Sent to CPS
Performing ISIR Record Cleanup

Managing Data from Other External Sources
Loading NSLDS Data
Describing the PROFILE and Need Access Data Load Process
Describing Institutional Application Maintenance

Using Financial Aid Terms
Explaining the Sources Used to Build Financial Aid Terms
Performing Financial Aid Term Setup
Constructing Financial Aid Terms

Creating Student Budgets
Providing an Overview of the Budget Process
Creating Budget Components
Describing Budget Groups
Performing Budget Assignment Manually
Performing Required Setup for Online and Background Budget Assignment
Performing Background Budget Assignment
Creating Budgets Online

Creating Financial Aid Item Types
Describing Student Financials Setup that Impacts Financial Aid
Setting Up Aggregate Aid
Creating Loan Fees
Creating Financial Aid Item Types
Setting Up Fiscal Item Types
Describing Award Messages

Creating Disbursement Plans and Rules
Setting Up Disbursement Plans
Setting Up Disbursement Rules

Defining Packaging Plans
Explaining How to Approach Packaging
Understanding Equations in Packaging
Using Packaging Plans

Performing Financial Aid Packaging
Awarding Financial Aid Manually
Performing Auto Packaging
Entering Professional Judgment Decisions
Describing Special Packaging Cases
Expiring Anticipated Aid
Manipulating Multiple Awards at a Time

Performing Financial Aid Disbursement
Describing the Disbursement Process
Running Disbursement for One Student
Setting Up Batch Disbursement
Running Batch Disbursement
Locating Inquiry Pages Useful in Authorization and Disbursement