return of title iv funds gary m. davis sungard sct financial aid consultant
TRANSCRIPT
![Page 1: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/1.jpg)
Return of Title IV Funds
Gary M. Davis
SunGard SCT
Financial Aid Consultant
![Page 2: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/2.jpg)
2
Course Goals
The goal of this course is to provide you with the knowledge to set up SunGard SCT Banner for return of Title IV funds at your institution.
![Page 3: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/3.jpg)
3
Agenda
Overview
Set up
Day-to-Day
Question and Answer
![Page 4: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/4.jpg)
4
Overview
The Return of Title IV Funds is designed to help you comply with the Title IV regulations for federal financial aid.
This workbook will involve Banner Accounts Receivable, Student, and Financial Aid modules.
![Page 5: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/5.jpg)
5
Objectives
Objectives for this course include:
set up forms related to the operation of the Title IV return of funds
identify Title IV recipients who have formally withdrawn or are no longer in attendance
determine the amount of Title IV aid that should be returned to the Title IV program by the institution and/or the student
return Title IV credits or authorizations
![Page 6: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/6.jpg)
6
Set up – Accounts Receivable
Set up Banner Accounts Receivable for Title IV
SCT Banner only applies Title IV payments to charge detail codes that are designated as institutional charges or refunds on the Detail Code Control Form (TSADETC).
You may want to run the Detail Code Report (TGRDETC) to view a list of Title IV-related detail codes.
![Page 7: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/7.jpg)
7
Set up - TSADETC
• Title IV payment detail code
• Like Term to pay off charges only for the same term
• Like Aid Year to pay of charges for any term in the Aid Year – preference to matching term
![Page 8: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/8.jpg)
8
Set up - TSADETC
• Institutional Charge detail code
• C in the Type field
• Select the Institutional Charge check box
![Page 9: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/9.jpg)
9
Set up - TSADETC
• Refund detail codes
• C in the Type field
• Select Y (automatic) or M (manual) from the Refund Code pull-down list
![Page 10: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/10.jpg)
10
Set up - Student
Set up Banner Student for Title IV You must setup Banner Student to use the Return
of Title IV Funds
These steps include three basic tasks: Set the Title IV original charge cutoff date and Title
IV date source on the Term Control Form (SOATERM)
Build withdrawal codes on the Student Withdrawal Status Code Validation Form (STVWDRL)
Designate withdrawal status codes on the Enrollment Status Code Validation Form (STVESTS)
![Page 11: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/11.jpg)
11
Set up - SOATERM
• Original Charge Cutoff Date
• TIV Date Source
![Page 12: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/12.jpg)
12
Set up – SLATERM (for housing)
• Original Charge Cutoff Date
![Page 13: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/13.jpg)
13
Set up - STVWDRL
• Build Withdrawal Status Codes
![Page 14: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/14.jpg)
14
Set up - STVESTS
• Create or designate Enrollment Status Codes as Withdrawals
![Page 15: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/15.jpg)
15
Set up - SOATBRK
• Set up break periods of 5 or more consecutive days when classes are not held
![Page 16: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/16.jpg)
16
Set up – Financial Aid
Set up Banner Financial Aid for Title IV
You must set up Banner Financial Aid to use Return of Title IV Funds
These steps include two tasks:
Decide if your institution will round amounts to dollars (and not cents)
Decide if your institution will return the Student’s portion of the Title IV awards
![Page 17: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/17.jpg)
17
Set up - ROAINST
• Option for Return of the Student’s portion of the Title IV award
• Option for rounding to whole dollars and no cents
![Page 18: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/18.jpg)
18
Set up – ROAINST (for multi-campus institutions)
• Access the Title IV Campus Defaults window only from the Options menu
![Page 19: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/19.jpg)
19
Day-to-Day Objectives
At the end of this section, you will be able to
identify Title IV recipients who have formally withdrawn or are no longer in attendance
enter withdrawal information to be used by the Return of Title IV Funds Calculation process (RPTIVC)
determine the amount of Title IV aid that should be returned to the Title IV program by the institution and/or the student
return Title IV credits or authorizations
![Page 20: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/20.jpg)
20
Day-to-Day - Student
Identify Title IV recipients who have formally withdrawn or are no longer in attendance
SFRNOWD
Identifies students who have zero enrollment hours but have not been officially withdrawn, and have grades that indicate they did not successfully complete the course.
SFRWDRL
Identifies withdrawn students who potentially need Title IV repayment but do not yet have an effective withdrawal record in the system.
![Page 21: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/21.jpg)
21
Day-to-Day – Student Maintain the Withdrawal Status of Students
Student Course Registration Form (SFAREGS)
After you determine that a student has withdrawn, you must update enrollment status
Enter additional withdrawal information for a withdrawn student (SFAWDRL)
Withdrawal code and effective date
Whether the student is a Title IV recipient
Adjustments to the start and end dates
Approved leave of absence
Allowable additional institutional costs
Adjustments to the original charge designation
![Page 22: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/22.jpg)
22
Day-to-Day – Financial Aid
Calculate Title IV Repayment Amounts
Return of Title IV Funds Calculation Form (RPATIVC) or the Return of Title IV Funds Calculation Process (RPRTIVC)
Used to calculate a student’s Title IV repayment
Can choose Simulation mode from RPATIVC
Adjust awards as necessary on one of the Award forms (RPAAWRD, ROARMAN, RPAAPMT)
Run the Disbursement process via RPEDISB or online from ROAIMMP
![Page 23: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/23.jpg)
23
Day-to-Day – Accounts Receivable
Apply Title IV Payments
Application of Payments Process (TGRAPPL)
Used to apply payments
![Page 24: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/24.jpg)
24
Day-to-Day – Accounts Receivable
Unapply Title IV Payments
Unapplication of Payment process (TGRUNAP)
Used to unapply charges and payments automatically
![Page 25: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/25.jpg)
25
Day-to-Day – Accounts Receivable
Refund Title IV Funds to the Student
Auto Refund Credit Amt-Student Process (TSRRFND)
Has the ability to look for a hold authorization code (HLD) that is attached to the student’s ID in the authorization table
Refund Review Form (TSARFND) Used to view any balances, pending credits, and
pending refund amounts from a student’s financial aid
![Page 26: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/26.jpg)
26
Day-to-Day – Accounts Receivable
Students with Title IV Credit Report (TVRCRED)
Application of Payments Process (TGRAPPL)
You should run this report after all credits have been applied via the Application of Payments Process (TGRAPPL).
![Page 27: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/27.jpg)
27
Course Summary/Review
As a result of this course we have provided you with the knowledge and experience to return Title IV funds at your institution.
Additional information is available in the Return of Title IV Funds and Authorizations Handbook available for download from ActionWeb.
![Page 28: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/28.jpg)
Questions and Answers
![Page 29: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/29.jpg)
Thank you for your participation
![Page 30: Return of Title IV Funds Gary M. Davis SunGard SCT Financial Aid Consultant](https://reader036.vdocuments.mx/reader036/viewer/2022062712/56649ca55503460f949675fa/html5/thumbnails/30.jpg)
SunGard, the SunGard logo, SCT, the SCT logo, and Banner, Campus Pipeline, Luminis, PowerCAMPUS, SCT Matrix, SCT Plus, and SCT PocketRecruiter are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S.
and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
© 2003-2004 SunGard