Disbursements and Adjustments Window (for PowerFAIDS Users)

If you are using Jenzabar Financial Aid (JFA) as your Financial Aid System, reference the Disbursements and Adjustments for Jenzabar Financial Aid help window.

The Disbursements and Adjustments window is used to import disbursement information regarding financial aid awards and update the student records in the Financial Aid Manager module. Financial aid users apply financial aid disbursements to the Financial Aid Student Awards table and to create actual award disbursement transactions for the Business Office to review and post to student accounts. A Disbursements-Adjustment Error/Audit Report can be printed listing any errors that may prevent a successful transfer and listing all successful transactions.

Disbursements are monies awarded to the student that may be applied to the student's receivable account as actual disbursement transactions from a real disbursement roster.

Adjustments are monies that represent either increases or decreases in the monies awarded to the student after their original award has been processed as an Actual Disbursement. Decrease adjustments are required to be real disbursed and processed as actual disbursement transactions.  

If you have the licensable In-House Loan feature for Accounts Receivable:

This process uses the default payment plan defined for the subsidiary code (Subsidiary Master table) attached to the particular fund. If there is no payment plan defined for the subsidiary code, the process uses the default payment plan defined in the Subsidiary Definition for AR window (Subsidiary Definition table). If there is no payment plan code in the Subsidiary Master table or the Subsidiary Definition table, the following message displays: "No associated Payment Plan Code is found on Subsidiary Master for this student or fund."  This error must be corrected, and Disbursements and Adjustments must be run again in order to successfully process this transaction.

Columns

Trial Run

Actual Update

Transaction Date

No. of Months until Loans are due

What to Process

Single File

All Files in This Folder

Unprocessed Disbursements Only

File Name

Folder

Buttons

Process

Schedule

How To

Prepare to Import Disbursements and Adjustments Using PowerFAIDS

Process Disbursements and Adjustments

Transfer Student Award Information to Student Employment

To Learn More...

Disbursements and Adjustments Overview

Disbursement-Adjustment Error/Audit Report

Disbursements and Adjustments Warnings, Errors, and Messages