1 / 19

Banner Financial Aid

Banner Financial Aid. Automated Electronic Loan Return. Student Account Set-up. TSADETC Detail Code Control Form Create three detail codes to represent the following: Student Charge / Payment Code Return Payment Code Return Refund Code. Student Account Set-up. Student Charge Payment Code

drucilla-terris
Download Presentation

Banner Financial Aid

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Banner Financial Aid Automated Electronic Loan Return

  2. Student Account Set-up TSADETC Detail Code Control Form • Create three detail codes to represent the following: • Student Charge / Payment Code • Return Payment Code • Return Refund Code

  3. Student Account Set-up Student Charge Payment Code • If set up as a charge, the disbursement process places a positive charge on the Student AR account for the returned check amount • If set up as a payment, the disbursement process places a negative payment on the Student AR account for the returned check amount.

  4. Student Account Set-up Return Payment Code • Create a Detail Code that represents the payment code used by the FA Disbursement process when it posts a payment to the return entities account. • This code allows the lender to receive this returned check amount.

  5. Student Account Set-up Return Refund Code • Create a detail code that represents the Charge to the Refund account for the return entity.

  6. Financial Aid Set-up RPRLOPT Loan Options Form • Enter the three detail codes created for loan funds where automated check returns will be used

  7. Loan Disbursement Adjustment Step #1 • Enter the Return Lender ID on RPAELAP if one does not exist. This is the lender, guarantor or disbursing agent who is to receive the refund check • This may have already been set up in your loan application creation process.

  8. Loan Disbursement Adjustment Step #2 • Access RPALDSB • Access the appropriate term disbursement record • Insert a new record • Enter the return amount and tab to default the date • Set the Feed indicator to ‘Y’

  9. Loan Disbursement Adjustment Step #3 • Run the disbursement process in batch (RPEDISB) or immediately for the student (ROAIMMP)

  10. View Disbursement Results RPAAWRD Applicant Award Form • The paid loan amount will be reduced by the amount of the loan return.

  11. View Disbursement Results RPALDSB Loan Disbursement • The feed indicator will be updated with ‘F’

  12. View Disbursement Results TSAAREV Account Review Form • A charge is entered on the student account for the amount of the return

  13. View Disbursement Results TSADETL Detail Code Form • Payment for the return amount is visible on the lender account • Cross reference field reflects the Student ID

  14. View Disbursement Results TGACREV Cashier Review Form • Includes loan return entries

  15. Produce Check(s) • Close and finalize cashiering session • Run Application of Payment and Unapplication of Payments procedures • Run feed to Finance procedures • Run procedures to produce vendor checks • Can produce a single check to vendor or individual checks per student • Student ID is not associated with the check after it is run

  16. Questions?

More Related