Awarding basics

1. Awarding Basics

2. Annual & Aggregate Loan Limits

3. Adjusting Awards
Assign Awards to a Student
 To post a new award (includes increasing
awards)
 Click the “+” to add a new row
 Action Field:
 “O” to Offer
 “B” to Accept
 ItemType:
 Choose appropriate type of loan by clicking on the
magnifying glass
 Subsidized, Unsubsidized, Parent PLUS,
Graduate PLUS
 Type in the amount requested in the Offered field
andTab
 Update Disb Plan/Split Code (if necessary)
 ClickValidate
 Click Post
 Save

4. Adjusting Awards
Assign Awards to a Student
 To reduce a loan (or cancel Spring
disbursement of a loan where Fall
disbursed)
 Place a “B” in the Action Field
 Reduce loan to the requested amount in the
Offered field, hitTab so that it populates in the
Accepted field
 Click on Disbursement
 Click on Custom Split and adjust accordingly by
placing the proper amount in the Offered field (you
may need to do this for both Fall and SpringTerms)
 Type in the amount requested in the Offered field
andTab, click OK
 ClickValidate
 Click Post
 Save

5. Adjusting Awards
Assign Awards to a Student
 To cancel/decline a loan
 Place a “C” in the Action Field, hitTab
 The Offered and Accepted fields will show
a $0 dollar amount
 Click on Disbursement to make sure
everything has been zeroed out, clickOK
 ClickValidate
 Click Post
 Save

6. Reduction After Disbursement
 If reduction was processed prior to
end of the term the system will un-
disburse the aid and bill the student
back
 If the reduction was processed after
the end of the term you will need to
un-disburse the aid
 For both scenarios you will need to
send Counseling Communication:
Loans Reduced After Disbursement

7. Un-disburse Aid
 Go to Disburse Aid screen
 Choose the correctTerm(s) and
Loan(s) to un-disburse
 Click Authorization
 Click Disburse