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Fund Fees Setup Data Elements

Fund Fees Setup Data Elements

Owned by Katie Macpherson (Deactivated)
Last updated: Jul 26, 2019 by Emily Bivona (Deactivated)

Overview

The Fund Fee Setup screen provides the ability for the user to update the fees and percentages related to the funds.


General Subtab

Field NameDescriptionRequired/OptionalTypeValuesBusiness Rules
Fund NameName of the fund, obtained from Fund SetupRequiredDrop-down
  • Direct Subsidized Loan
  • Direct Unsubsidized Loan
  • Direct PLUS Loan
  • Direct Graduate PLUS Loan
  • Perkins
  • Pell

Program TypeThe program level that the student is currently inRequiredDrop-down
  • Undergraduate
  • Graduate
  • Post-Graduate
  • Prep-Undergraduate
  • Prep-Graduate
  • Ed-Licensure
  • Post-Back Licensure
  • CTP Programs

Date Type
RequiredDrop-down
  • First Disbursement
  • Beginning of Loan Period
  • Beginning of Federal Award Year
This field designates what the effective start date should be compared to, as in, compare to date of the first disbursement or compare to the date of the beginning of the loan period.
Fee Type
RequiredDrop-down
  • Interest %
  • Origination Fee
  • Interest Rebate
Only one fee type can be set up at a time, but multiple fee types can be associated with one fund, as long as fees of the same type do not have conflicting start/end dates
Amount
RequiredText box - numerical with 4 characters max
The amount field will be the associated fee. 
Federal Award Year
Required - if Federal Award Year is chosen from Date typeDrop-downAvailable FAYsOnly one Federal Award Year can be chosen. The fee should be applied to awards on the FAY selected and within the start/end date selected.
Effective Start Date
Required - if either First Disbursement of Beginning of Loan Period is chosen from Date typeDateYYYMMDD

The values will first take effect for loan periods starting on or after this date and up to the effective end date of a subsequent entry with the same loan type and program type.

There will be a set of effective dates for each fee type (origination fee, interest rebate, interest percentage).

Effective End Date
Required - if either First Disbursement of Beginning of Loan Period is chosen from Date typeDateYYYMMDD
Active
OptionalCheckbox
  • Unselected (default)
  • Selected

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