Banner Financial Aid

Automated Electronic Loan Return

Student Account Set-up

TSADETC

Detail Code Control Form

Create three detail codes to represent the following:

Student Charge / Payment Code

Return Payment Code

Return Refund Code

Student Account Set-up

Student Charge Payment Code

If set up as a charge, the disbursement process places a positive charge on the Student AR account for the returned check amount

If set up as a payment, the disbursement process places a negative payment on the Student AR account for the returned check amount.

Student Account Set-up

Return Payment Code

Create a Detail Code that represents the payment code used by the FA Disbursement process when it posts a payment to the return entities account.

This code allows the lender to receive this returned check amount.

Student Account Set-up

Return Refund Code

Create a detail code that represents the Charge to the Refund account for the return entity.

Financial Aid Set-up

RPRLOPT Loan Options Form

Enter the three detail codes created for loan funds where automated check returns will be used

Loan Disbursement Adjustment

Step #1

Enter the Return Lender ID on RPAELAP if one does not exist. This is the lender, guarantor or disbursing agent who is to receive the refund check

This may have already been set up in your loan application creation process.

Loan Disbursement Adjustment

Step #2

Access RPALDSB

Access the appropriate term disbursement record

Insert a new record

Enter the return amount and tab to default the date

Set the Feed indicator to ‘Y’

Loan Disbursement Adjustment

Step #3

Run the disbursement process in batch (RPEDISB) or immediately for the student (ROAIMMP)

View Disbursement Results

RPAAWRD

Applicant Award Form

The paid loan amount will be reduced by the amount of the loan return.

View Disbursement Results

RPALDSB

Loan Disbursement

The feed indicator will be updated with ‘F’

View Disbursement Results

TSAAREV

Account Review Form

A charge is entered on the student account for the amount of the return

View Disbursement Results

TSADETL Detail Code Form

Payment for the return amount is visible on the lender account

Cross reference field reflects the Student ID

View Disbursement Results

TGACREV

Cashier Review Form

Includes loan return entries

Produce Check(s)

Close and finalize cashiering session

Run Application of Payment and Unapplication of Payments procedures

Run feed to Finance procedures

Run procedures to produce vendor checks Can produce a single check to vendor or individual checks

per student

Student ID is not associated with the check after it is run

Questions?