1 / 8

Update on Scholarship and Fellowship Processing CATS Meeting 04/20/2006

Update on Scholarship and Fellowship Processing CATS Meeting 04/20/2006 . Rozzie Gerstman Budgetary Administration & Planning Greg Tittelbaugh Scholarship Clearinghouse (OES). Enrollment Requirements. Observe Donor Intent Minimum enrollment: Scholarships: 1 course Fellowships: full-time

feng
Download Presentation

Update on Scholarship and Fellowship Processing CATS Meeting 04/20/2006

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. Update on Scholarship and Fellowship Processing CATS Meeting 04/20/2006 Rozzie Gerstman Budgetary Administration & Planning Greg Tittelbaugh Scholarship Clearinghouse (OES)

  2. Enrollment Requirements • Observe Donor Intent • Minimum enrollment: • Scholarships: 1 course • Fellowships: full-time • Summer

  3. Prizes vs. Scholarships/Fellowships • Scholarship & Fellowship: • “For the purpose of aiding his study, training, or research” • “Does not represent compensation for personal services.” • Process in SIS Financial Aid • Tax reporting: 1098-T • Prize: • “Award won in a contest” • Excludes scholarship/fellowship (see above) • Process with FIS DV – object 4866 • Tax reporting: 1099-MISC (income)

  4. Scholarship & FellowshipPriority Processing Dates • Summer 2006 • By April 28, 2006 • 2006-2007 academic year • By May 15, 2006

  5. Scholarship and Fellowship ReconciliationBest Practices • Do recipients and amounts meet donor intent? • Review Monthly: • Check SIS transactions made by users in your office. • Verify that recipients meet donor intent. • Verify that scholarship and fellowship amounts are appropriate. • See IUIE tips PDF: http://www.indiana.edu/~sfa/office_info/dept.html • E-mail to sign up for training: iusch@indiana.edu • 5/17/2006 or 5/19/2006

  6. Questions? • Fellowships: • Katie Delaney – karpeter@indiana.edu • Rozzie Gerstman - gerstma@indiana.edu • Scholarships: • Greg Tittelbaugh – iusch@indiana.edu

More Related