Student Refunds Due [6016]

 

          

 

Module Description

This module tracks Aid Refunds that are DUE to Funding Agencies by the Institution. Aid funds are first awarded in Aid Awards and Needs- TRX 5012. Once the funds are actually received on behalf of the student, the disbursement is posted as a credit in the student’s tuition account and other related reports. The system will automatically post Refunds Due for reasons such as Return to Title IV Calculations, Refund Calculations, Overpaid Payment Periods, etc. The institution may also manually enter a Refund Due if it isn’t automatically generated by RGMSMS.

 

 

Field

Description

Key

Refers to the number sequentially assigned for each entry under the logged in school or campus

Date Due

The date the refund becomes due

Award Year

The Award Year for which the disbursement being refunded was paid

Payment Period/Term

The Payment Period or Term during which the disbursement being refunded was paid

Refund Paid?

Enter the status of the refund

Kind Of Aid

Select the Type of Aid being refunded

Reason For Refund

Select the cause of the refund

Explanation

Enter additional notes regarding the refund

Reference Loan App #

Applicable if the refund is for a loan. The loan application number is created in Student Awarding and Packaging module

Reference Loan Disbursement #

Applicable if the refund is for a loan. The loan disbursement number is created in Student Awarding and Packaging module

Refund Amount

Enter the amount of the refund owed

Date Posted

Date the Refund was posted as DUE in RGM

Posted By

Refers to the RGM user who added the refund record