Module Description

This module records funds Disbursed after a student’s enrollment is terminated. Disbursements required by R2T4 and processed through RGMSMS after a student is withdrawn are automatically posted.

·A Post-withdrawal Disbursement is a loan or grant credit for tuition and fees & room and board (without authorization) and for other charges (with authorization). Written notification to the student / parent and their confirmation must be received before the loan funds may be credited to the account or directly disbursed. Written Notification must be received within 30 days of date of determination of withdrawal.  Written notification must 1) Identify loan to be credited & grant and loan available as direct disbursement. 2) Ask if student / parent wants loan credited & grant or loan as direct disbursement. 3) Explain student / parent can accept some / all of aid. If student / parent declines credit of loan, he/she may not receive direct disbursement unless institution agrees. 4) Explain obligation to repay loan. 5) Explain the 14 day (or later) response deadline. Deadline to accept PWD either directly or as credit to account must be same. PWD must be disbursed in manner specified by student / parent within 120 days of date of determination of withdrawal. If response from student / parent is late, institution may make or not make PWD. If institution declines to make PWD, it must inform student / parent. If there is no response to notification, no loan may be credited to account & no grant or loan may be disbursed directly. (as per HERA revisions 10/2006)

Post Withdrawal Disbursements cannot be manually ADDED here. If a PWD is generated during R2T4 calculations, it will post here automatically and can only be MODIFIED by users.