Awarding Basics

Annual & Aggregate Loan Limits

Adjusting Awards

Assign Awards to a Student

To post a new award (includes increasing awards) Click the “+” to add a new row

Action Field: “O” to Offer “B” to Accept

Item Type: Choose appropriate type of loan by clicking on the

magnifying glass Subsidized, Unsubsidized, Parent PLUS, Graduate

PLUS Type in the amount requested in the Offered

field and Tab Update Disb Plan/Split Code (if necessary) Click Validate Click Post Save

Adjusting Awards

Assign Awards to a Student

To reduce a loan (or cancel Spring disbursement of a loan where Fall disbursed)

Place a “B” in the Action Field Reduce loan to the requested amount in the

Offered field, hit Tab so that it populates in the Accepted field

Click on Disbursement Click on Custom Split and adjust accordingly by

placing the proper amount in the Offered field (you may need to do this for both Fall and Spring Terms)

Type in the amount requested in the Offered field and Tab, click OK

Click Validate Click Post Save

Adjusting Awards

Assign Awards to a Student

To cancel/decline a loan Place a “C” in the Action Field, hit

Tab The Offered and Accepted fields

will show a $0 dollar amount Click on Disbursement to make

sure everything has been zeroed out, click OK

Click Validate Click Post Save

Reduction After Disbursement

If reduction was processed prior to end of the term the system will un-disburse the aid and bill the student back

If the reduction was processed after the end of the term you will need to un-disburse the aid

For both scenarios you will need to send Counseling Communication: Loans Reduced After Disbursement

Un-disburse Aid

Go to Disburse Aid screen Choose the correct Term(s)

and Loan(s) to un-disburse Click Authorization

Click Disburse