Banner Financial Aid / Electronic Loan Handbook / 7.2

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4 FormsLoan Control MenuFields. . . . . . . . . . . . . .Return PaymentDescriptions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Enter the Accounts Receivable (A/R) Detail Code thatrepresents the payment code used by RPEDISB when the processposts a payment to the return entity’s account. This code allowsthe lender to receive this returned check amount.Return RefundEnter the Accounts Receivable (A/R) Detail Code thatrepresents the Charge to the Refund account for the returnentity.Note: Set the A/R Detail Code as a Charge (Type C) and theRefund Code to Y on the Detail Code Control Form(TSADETC) for this code.Direct Loan OptionsThis section is not used for the Electronic Loan process.Direct Loan Origination OptionsPN RequiredCheck this field if you want to require a promissory note beforesending an origination record to the LOC. Otherwise, leave itblank.DisbursementRequiredCheck this field if you want to require an actual disbursementbefore sending an origination record to the LOC. Otherwise,leave it blank.Direct Loan Disbursement OptionsAcknowledgementofOriginationRequiredCheck this if you want to require LOC acknowledgement of anorigination record before disbursement. Otherwise, leave itblank.Acknowledgementof PNRequiredCheck this field if you want to require LOC acknowledgement ofa promissory note before disbursement. Otherwise, leave itblank.Financial Aid Release 7.2 April 20054-54 Electronic Loan Handbook Confidential
4 FormsLoan Control MenuPackaging OptionsCreate Award forLoan WithinPackagingCheck this field if you want to create an award at the time youcreate a loan application, if one does not already exist within theapplicant's package. For example, if you create a loan applicationon the Loan Application Form (RPALAPP) for a PLUS loan, thesystem creates a PLUS award for the student in the packagingmodule (i.e., the award would be part of the student's packageand would appear on a packaging form such as the Award Form(RPAAWRD)).Use RequestedAmountCheck this field if you want the award to use the requestedamount from the loan application. Otherwise, leave it blank.LoanApplicationAward StatusCodeEnter an optional award status code in this field as a default forthe fund. Select List to access the Award Status Validation Form(RTVAWST), which lists the valid award status codes.Class Code Translation Form (RPRCLSS)Use the Class Code Translation Form to convert a Student System level code andStudent System class code combination into a Financial Aid System class code. Aseparate Financial Aid class code is necessary to account for different combinationsof institutionally-defined Student System level codes and class codes since (1) thepackaging and disbursement process uses the student's actual class level from theStudent System (the Student System level code) to determine the maximum eligibleamounts for certain financial aid funds, and (2) federal regulations define eligibilityfor some funds differently for different class years (the Student System class code).Key BlockThe system displays information based on the financial aid processing year specifiedin the Aid Year field. The default for this field is the current aid year. Select the Listfunction to access the Aid Year Validation window if you need to verify an aid yearand its description, or to check whether or not the aid year is still active.April 2005 Financial Aid Release 7.2Confidential Electronic Loan Handbook 4-55
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Banner Financial AidElectronic Loan
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Table of Contents2 Electronic Loans
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PrefaceRelated DocumentationRelated
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PrefaceHow to Contact SunGard Highe
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1 OverviewElectronic LoansChange Tr
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1 OverviewMenu Navigation TableRPAE
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2 Electronic Loans SetupFederal Sta
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2 Electronic Loans SetupAlternative
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2 Electronic Loans SetupAlternative
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3 ProceduresCreating Electronic Loa
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3 ProceduresReceiving and Uploading
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3 ProceduresChange Transaction Proc
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3 ProceduresSupported Change Transa
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3 ProceduresProcessing Hold/Release
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3 ProceduresReceipt and Processing
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3 ProceduresLoan ReportsLoan Report
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4 FormsElectronic Loan Processing M
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Page 108 and 109: 4 FormsLoan Control MenuLoan Contro
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Page 112 and 113: 4 FormsLoan Control MenuLender Base
Page 116 and 117: 4 FormsLoan Control MenuLoan Option
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Page 128 and 129: 5 Reports and ProcessesEFT/Disburse
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Page 132 and 133: 5 Reports and ProcessesEFT Posting
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Page 136 and 137: 5 Reports and ProcessesParameters (
Page 148 and 149: 5 Reports and Processes20-APR-2002
Page 166 and 167: 5 Reports and ProcessesHold/Release
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5 Reports and Processes22-APR-2002
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5 Reports and ProcessesLoan Process
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5 Reports and ProcessesParameters (
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5 Reports and ProcessesPC UtilityCS
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5 Reports and ProcessesPC UtilityFo
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IndexFederal Rules Inquiry (RPIFEDR
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