_Fund Fees Setup Data Elements
- Katie Macpherson (Deactivated)
General Subtab
Label: | Requirements: | Value: | Default Value: | How it's used: | Examples: |
|---|---|---|---|---|---|
Fund Name | Required | Dropdown | Select One | Select from a dropdown list of all funds configured for the campus. | Federal Direct Subsidized Loan |
Program Type | Required | Dropdown
| Undergraduate | Select the program type from the dropdown list Applying Program Types Ensure a fund fee is configured for each program type at the campus that will utilize the fund. | |
Date Type | Required | Dropdown
| Select One | Determines the date type to be used for the effective start and effective end dates. This field tells to what the effective start date should be compared. For example, compare to date of "First Disbursement" or compare to date of "Beginning of Loan Period". First Disbursement: fee will apply to awards with the date of the first disbursement falling within Effective Start/End Date range. Beginning of Loan Period: will apply to awards from the fund for which the award start date falls within the Effective Start/End Date range. Beginning of Federal Award Year: will link the fee to an award sourced to the FAY. | |
Fee Type | Required | Dropdown
| Select One | Select the type of fee from a dropdown list. Interest Rebate: not currently in use for Direct Loans. Schools are advised to setup an amount of “0” for all Direct Loans and program types with a start date prior to any active loan periods and with no expiration date. Interest %: configurable, but not currently being used in R8. | |
Amount | Optional | ####.#### Numeric percentage, allows up to three digits on either side of the decimal. | 0.000 | If the fee type is Origination Fee or Interest Rebate, it is used to calculate the fee to be deducted from the award to determine the net amount. | Interest % |
Federal Award Year | Optional | Dropdown | n/a | Select “n/a” from the dropdown list unless the Date Type is “Beginning of the Federal Award Year”, in which case the applicable FAY should be selected from the dropdown list. | 2017-2018 |
Effective Start Date | Optional | Date Picker | Current Date | Fee will be in effect for loan periods starting on or after this date.
| 8/15/2017 |
Effective End Date | Optional | Date Picker | Current Date | Fee will be in effect for loan periods ending on or before this date.
| 6/30/2018 |
Active | Optional | Checkbox | Unchecked | If checked, the fee is active. If unchecked, the fee is inactive. If the fee is active for a period in the past, it should remain active. If repackaging should exclude it or if it was never used, then it can be marked as inactive. For additional details, please see "Edit/Inactivate Fund Fee Configuration Steps" below. |