Packaging

You can use the Packaging page to configure various features of the financial aid packaging process.

Prerequisites

You must have: 

  • To view, Financial Aid - Settings - View authorization

  • To configure, Financial Aid - Settings - Manage authorization

To edit an item associated with more than one campus, you must have access to all the campuses. For example, if the item is configured to be available at three campuses and you only have access to two of the campuses, you can view the item but cannot edit it. When you add an item, you can only select campuses to which you have access.

You should be familiar with the Background for Packaging.

Access Method

Select the Settings tile > expand Financial Aid > select Packaging.

Procedure to Configure Packaging

  1. Under Awarding, specify the following options.

    Add TIV Loan Fees to COA when adding new loansClosed Specify if you want to add loan fees to the Cost of Attendance (COA) when Title IV loans are added in packaging. If you select Yes, the system will calculate and add loan fees to the COA only from Title IV loans. The fees will be displayed in the Bank Fees field on the Academic Years page.

    Allow user to override EFC/SAIClosed Select the check box if you want the FAFSA calculation to prompt you to store the recalculated EFC or SAI value. For award years 2024-25 and later, the EFC is replaced with the Student Aid Index (SAI).

    Allow user to reassign Academic Year on Student AidClosed Select the check box if you want to allow reassigning financial aid from one academic year to another.

    Award Letter TypeClosed Select the award letter type. The options are Award Year and Academic Year.

    Display RBS GridClosed Specify if you want the Remaining Balance to Schedule (RBS) portion of the grid to be displayed.

    First Time Borrowers: Number of days to add to first loan disbursementClosed Specify the number of days to add to the first loan disbursement date for First Time Borrowers.

    Need Analysis GridClosed Select the analysis grid. The Standard option allows you to process Financial Aid packages using the standard Financial Aid Packaging form. The Alternate option allows you to use a user-specific Financial Aid Packaging form.

    Remove campus based aid disbursements that cross over award years and adjust total amountClosed Select the check box if you want to configure the system to truncate campus-based aid awards during crossover periods.

  2. Under Multiple Disbursements, specify the following options.

    Exclude HolidaysClosed Select the check box to automatically exclude holidays when determining disbursement dates.

    Exclude WeekendsClosed Select the check box to automatically exclude weekends when determining disbursement dates.

    Use State From ISIRClosed Select the check box to use the state on the student's ISIR to determine the date of a disbursement (state laws may require disbursements to occur on specific dates or under specific conditions).

  1. Select Save to save the changes.