Student Refund Interest Paid [6017]

 

          

 

Module Description

This module tracks the payment status of Interest and/or Fees owed to ED by the institution resulting from late student Refunds Paid.

 

·Refund Interest Paid does NOT affect student balances. It is between ED and the institution.

 

Field

Description

Key

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

Award Year

Enter the Four Digit Award Year of the disbursement for which interest/ fees are owed

Payment Period/Term

The Payment Period or Term during which the disbursement responsible for the interest/fees was paid

Kind Of Aid

Select the Type of Aid of the disbursement for which interest/ fees are owed

Reference Loan App #

Applicable if the disbursement for which the interest/fees are owed is a loan. The loan application number is created in Student Awarding and Packaging module

Date Paid

Enter the date the interest/fees were paid

Code

The type of charge

Amount

Enter the amount of interest/ fees paid

Check #

Enter the check number used to pay the interest/fees

Clear/Void Code

The reconciliation status of the check used to pay the interest/ fees

Date Check Cleared

Date the check used to pay the interest/fees cleared the bank