The Disbursement Processing process brings together all tasks related to reporting financial aid awards for students from PowerFAIDS to Business Office.
After you have awarded aid packages to students, the Anticipated Aid process can generate transactions to communicate this expected aid primarily to Admissions and Business Office. This feature can be automated to run on the J1 Process Scheduler.
When you disburse aid awarded to a student, the Disbursements and Adjustments or CommonLine Loan Disbursement windows are used to generate transactions to credit student accounts. These features can be automated to run on the J1 Client Application Services.
Disbursements Not Processed and CommonLine Loan Disbursements Not Processed windows retrieve all disbursements that encountered error conditions during processing in order to review, troubleshoot, and potentially resolve the problem to allow for re-processing.
Student Awards window is used to view all anticipated and disbursed financial aid awards for individual students. The CommonLine Student Loans window allows you to view all loan disbursements.