| Child pages (Children Display) |
|---|
Known gaps in current Regent functionality (Updated 6/
...
26/2024)
There are a few outstanding known regulatory gaps that Regent is working to address in upcoming releases. It is important clients are aware of these gaps and any manual workarounds they may perform in the interim.
...
Until this is in place, Regent is advising clients to manually review each V1 and V5 selected ISIR and manually assign any required documents that were not automatically assigned to the student.
...
The FSA Handbook updated rounding guidance that was published in February conflicts with previous information Regent received from ED. Regent has confirmed the new rules with FSA and NASFAA contacts, and we are working to analyze and address these updated rules in the 6.7.4 Release, targeted for mid-June, subject to change.
Student-Level Census Logic in Pell Rebuilds (Withdrawals)
For the new enhancement to apply Census Date to Rebuild Pell awards (RS-27344), functionality is limited to positive Pell Rebuild awards in past terms. Any Pell awards that are currently zeroed out in those terms will continue to use the Student-Level Census Date (end of the term). Current terms will not use Census Date 1 until the student is packaged after the term end date.
New Pell Rounding Rules for Formula 3
As a result of the Department of Education recently fine tuning the approach to Pell Formula 3 awarding and rounding for 2024-2025, Regent will be adjusting our calculation to first fully apply Formula 3 and then calculate and apply the EIP. This enhancement (RS-27893) is scheduled for the 6.8 Release (subject to change).
The Credit-Based Loan Display in Student Experience Is Not Allowing Direct GradPLUS Loans
The new Credit-Based Loan Display configuration option (6.7 Release) in the Student Experience Financial Aid Module requires an update to allow Direct Graduate PLUS Loans to be displayed as ‘Credit Based Loans’ when the ‘Display Credit-Based Loans Separately from Other Student Loans’ option is selected. Current functionality is excluding Direct Graduate PLUS Loans from being displayed in the new section.