Recalculate a Refund

You can use the Refund Calculations page to recalculate:

The refunds to the student or agencies for institutional charges (institutional refunds).
If the student received Title IV awards, the amounts that need to be sent back by the student and your institution or the amounts still to be received in the form of a post-withdrawal disbursement (Return of Title IV).

For example, if you navigate to other areas of Anthology Student and make changes that might affect the calculation, you can recalculate to refresh the results.

Prerequisites

You must have Common - Student - View authorization.

The remaining authorizations depend on the type of calculation.

Type of Calculation	Required Authorization
Actual	Student Accounts - Student Refund Calculation - Edit Student Accounts - Student Refund Calculation - Allow Refund Calculation
Hypothetical	Student Accounts Student - Refund Calculation - Edit Either: Student Accounts - Student Refund Calculation - Allow Hypothetical Student Accounts - Student Refund Calculation - Allow Refund Calculation

Type of Calculation

Required Authorization

Actual

Student Accounts - Student Refund Calculation - Edit

Student Accounts - Student Refund Calculation - Allow Refund Calculation

Hypothetical

Student Accounts Student - Refund Calculation - Edit

Either:

Student Accounts - Student Refund Calculation - Allow Hypothetical
Student Accounts - Student Refund Calculation - Allow Refund Calculation

You must not have changed the value for Add. Inst. Refund in the Payments & Refunds list for any of the refund policies. If you change the value, you must create a new refund calculation.

The record for the refund calculation must have a value of Calculated for Status.

The refund calculation must not have been calculated by the Student Financial Aid Automated Awarding (SFAAA) feature.

Access Method

Select the Students tile > select the name in the Students list > expand Student Accounts > select the Refund Calculations or Hypothetical Refund Calculation tile.

If Anthology Student displays the:

Hypothetical Refund Calculation tile, you are only authorized to view and work with hypothetical calculations
Refund Calculations tile, you can view and work with both actual and hypothetical calculations.

Procedure to Recalculate a Refund

You cannot save a refund calculation until you have completed the recalculation. Some of the values from the Return of Title IV are required for the calculation of institutional refunds.

Verify that the program version is correct. If not, select the specific program version in the Program Version list. If the student is a lead, you can also select All Program Versions.
Highlight the record you want to recalculate in the list.
Select the Recalculate button.
If the student received Title IV awards and your institution configured the campus to use Title IV refund calculations, select the Next button through the steps under Calculation Steps in Return of Title IV Calculation.
If the student received Title IV awards and your institution configured the campus to use Title IV refund calculations, review the results of the calculation under Calculation Steps in Return of Title IV Calculation. You can also select the letter to open the worksheet where the calculation was performed.
Select the Save & Close button on the toolbar.