Fiscal Management - Student Payment Periods

Module Description

This module is used for viewing automatically generated Student Payment Period data. Most Financial Aid Data (checks, refunds, payments) are affected by any change to the Student Payment Periods. Along with the Budget Schedule, student payment periods are automatically generated when enrollment data is entered or modified in Student Term and Non Term Enrollment modules TRX 3013 or 3014. Most of the data in this module are automatically generated, thus the usage is primarily for data verification and inquiry only; however, the Manual Start and End Date and Hold Aid can be modified by users. By modifying the Hold Aid flag, a user can hold an aid schedule for a particular period. When package calculation is performed, the award for that payment period will not be calculated.

·For Non-Term Schools, the payment period schedule is calculated based on the course length and the number of payment periods of the course. For Term schools, the payment period schedule is basically the term period schedule entered in the Student Term Module TRX 3014.

Field	Description
Key	Refers to the number sequentially assigned for each entry under the logged in school or campus
Award Year	Refers to the Award Year of the selected Payment Period
Other Award Year	Refers to a Cross over Award Year of the selected Payment Period
Budget	Refers to the Budget Year that the selected Payment Period falls under
Private Pay Period	Refers to a manually entered budget or an override to the budget created by RGMSMS
Hold Aid	If YES is selected, Aid awards will not be generated for the selected Payment Period
Original Start/ End	Refers to the first start/ end dates that RGMSMS calculated for the payment period
Scheduled Start/ End	Refers to the scheduled start/ end dates of the selected payment period
Current Start/ End	Refers to the current start/ end date of the selected payment period
Manual Start/ End	Refers to the manual start/ end dates of the payment period that were entered by the user
Required	The number of hours/units required by the student before starting this payment period
In Period	The number of hours/ units offered in the selected payment period
Per Month	The maximum number of hours that may be completed per month
FC	Refers to the student’s Estimated Family Contribution (EFC) during the selected payment period
Cost of Attendance	Refers to the student’s Cost of Attendance (COA) during the selected payment period
Scheduled Award	Refers to the Total Pell Award the student is eligible and scheduled to receive for the Award Year
SS ED Benefits	Refers to the amount of SS ED Benefits the student is scheduled to receive during the selected payment period
VA ED Benefits	Refers to the amount of VA ED Benefits the student is scheduled to receive during the selected payment period
Expected Disbursement	Refers to the Pell disbursement the student is expected to receive during the selected payment period
Remarks	Listing of various remarks related to the student’s disbursements or eligibility for the selected payment period