SCT Banner Financial Aid / Release Guide / 7.0

Section 18 2002 - 2003 FISAP Report - Functional
Overview
Section 18
2002 - 2003 FISAP Report - Functional
SCT would like to sincerely thank the University of North Carolina (Greensboro) for beta testing
the FISAP functionality for the new year.
Overview
Each year, Title IV-eligible schools must report the fiscal year’s final campus-based
aid disbursed by fund type, as well as the number of students receiving such aid. This
reporting is done through the FISAP (Fiscal Operations Report and Application to
Participate), which includes data from SCT Banner Financial Aid, Student, and
Accounts Receivable.
SCT Banner provides your institution with the two grids needed to report this
campus-based data. You then use these reports to transfer the data to the
Department of Education’s FISAP Web site.
For the 2002 - 2003 aid year, the Department of Education made no changes to these
required grids, thus no changes were made to them in SCT Banner.
These grids are:
• Part II. Application to Participate for Award Year July 1, 2004 through June 30,
2005, Section F. Information on Eligible Aid Applications for Award Year 2002
-2003.
• Part VI. Program Summary for Award Year July 1, 2002 through June 30, 2003,
Section A. Distribution of Program Recipients and Expenditures by Type of
Student.
No change was made to the calculation of less-than-part-time students for Part VI,
Section A for 2002 - 2003. The Department requires this information be reported
only in Part VI, Section A. Thus, the column reporting this information has been
removed from Part II, Section F. As noted in the 2001 - 2002 FISAP release, after
consultation with the Department of Education, it was confirmed that SCT Banner
is not out of compliance with the calculation. The logic used to select less-than-fulltime
students is based on the student's enrollment for the entire year rather than on
just the last regular term of attendance.
If you have created student records by just entering the student's EFC on the Need
Analysis Results Form (RNARSLT) so that the student is packaged, then SCT Banner
does not have sufficient data in order to accurately place or count the student in the
two income grids. The FISAP depends on the student's dependency status, tax filing
status, and income being reported in SCT Banner Financial Aid. SCT Banner will
January 2005 Financial Aid Release 7.0
Confidential Release Guide 255