If this checkbox is selected, the Financial Aid Disbursements and Adjustments process also applies the financial aid to existing charges automatically. Financial Aid is distributed in the following order: ID Number, Debit Financial Aid, Credit Financial Aid, Fund Priority, Financial Aid Priority, POE ID. Each fund in Financial Aid associated with an Open Items subsidiary must include a charge fee priority list as Financial Aid priorities may differ from normal payments. It may exclude charges that would otherwise be distributed. This column is available only if you are licensed to use Open Items (License Code of 'OI').
|
Every Financial Aid priority must be associated with one or more POEs, which allows for a grouping necessary for financial Aid when the Financial Aid Period includes more than one POE. This might happen if the organization decided to break up their POE based on another criteria such as Master's Fall 2003 and Undergraduate Fall 2003. The Financial Aid Period would allow them all to be grouped and ordered by the Financial Aid Period designation. |
To set up the fund priority:
1. In the Financial Aid module, open the Fund Master window.
2. Assign the fund to an Open Items subsidiary.
3. The Charge/Fee Code Priority window is accessed via a right-click on the row.
To set up the financial aid priority:
1. In the Financial Aid module, open the Financial Aid Period window.
2. Select the appropriate value from the Priority drop-down.
