The Add Award Wizard (AAW) is opened. Select the fund from which to award and the loan period/award year/fiscal year that you wish to add the award for. Then click on the Continue icon.
The system will calculate the award amount and award status based upon the setup parameters for the fund. Enter or confirm the award amount and award status. You may also add notes regarding the award. Click Continue.
A few important notes about this step:
- The Calculated Eligibility is the maximum that the student is eligible for based upon the fund awarding rules and the Budgeted Amount is the maximum that the student is eligible for based upon the remaining dollars in the fund if the fund has a budget.
- If the user is adding or editing a Federal Title IV award (other than Federal Work Study), special restrictions apply to amounts in payment periods/academic years with a Finalized R2T4. A user must have permissions to make changes and continue. See Packaging with a Finalized R2T4 and Permissions List.
- For nonterm, if the award period includes a nonterm Academic Year, then any Finalized R2T4 in any PP in the AY will restrict amounts in every PP in the same nonterm AY.
- For term-based programs, the R2T4 restrictions only apply to the same Term.
In step three of the wizard, you have the opportunity to redistribute the amounts between terms before clicking on continue.
In step four of the wizard, you have the opportunity to adjust the release date of the disbursement, the amount for each disbursement and/or add additional disbursements before clicking on the continue icon.
In step five, review the final results and then click Finish.
