1. WVASFAA

2. Nadine Hamrick, Associate DirectoR Student Financial ASSISTANCE
BANNER BREADCRUMBS
Nadine Hamrick, Associate DirectoR
Student Financial ASSISTANCE
Marshall University
April 1, 2015
WVASFAA

3. AGENDA Direct Loan Redesign Decisions to Be Made Forms Set Up
Change in Processes
WVASFAA

4. Federal Direct Loan Redesign
Enhancements
Period Based Awarding of Direct Loans
Period Year in College
Scheduled Academic Year (SAY) Loans
Borrower-Based Academic Year (BBAY) Loans
Borrower-Based Academic Year Packaging
Direct Loan Origination Update
Direct Loan MPN Requirements
WVASFAA

5. Federal Direct Loan Redesign
Decisions - RPRLOPT
Single Loan Origination
Automatically Update Award
Origination Required for Memo
Valid MPN Required for Memo
Authorize Loan
Accepted Origination Required for Disbursement
Linked MPN Required for Disbursement
Reschedule Disbursement Date
WVASFAA

6. RPRLOPT
WVASFAA

7. Promissory Note Options
This will allow you to know where the Promissory Note is in processing
From awarding to origination to COD Match or Manual Match
Create Options on ROAUSIO – DL MPN Requirements
Awarding Codes
AP = Possible Match (A valid MPN exists for this type in MPN Table which COD may link when the Origination is submitted
AN = NSLDS Active MPN – Valid MPN does not exist but NSLDS data from current record and aid year indicates an active MPN exists at COD
AE = Established – Does not exist in MPN table nor does NSLDS
WVASFAA

8. Promissory Note Options 2
Origination
OP = Possible Match – Valid MPN exists in MPN table which COD may link when Origination is submitted.
ON = NSLDS Active MPN
OE = Established = A valid MPN does not exist in the MPN table
OI = Origination Inactive – When an Origination record is changed to an inactive status the MPN requirement will updated
OM = Matched Manually
M = Matched by COD
WVASFAA

9. ROAUSIO Stafford MPN Rules
WVASFAA

10. RAAREQ DIRECT MPN TAB
WVASFAA

11. RTVAPRD – RTVSAYR – RORSAYR ROBAPRD – RORTPRD
SET UP
RTVAPRD – Define unique aid periods
RTVSAYR – Define normal academic year SAY code and create a different SAY Code for any academic year that does not have the same beginning and end dates
RORSAYR – Set up beginning and end dates of scheduled academic
year and assign periods and disbursement dates
ROBAPRD – Assign Aid Period with SAY Code to ROBAPRD
RORTPRD – Assign Periods (terms) to Aid Period
WVASFAA

12. RTVSAYR Define Academic Year SAY Codes Fall/Spring/SU04
MU Examples:
Fall/Spring
Fall/Spring/SU04
Fall/Spring/SUM
Med 1, Med 2, Med 3, Med 4 (Medical)
PT 1, PT 2, PT 3, PT 4 (Physical Therapy)
WVASFAA

13. RTVSAYR
WVASFAA

14. RORSAYR
WVASFAA

15. ROBAPRD
WVASFAA

16. RORTPRD
WVASFAA

17. Borrower Based Loans - BBAY
Physical Therapy Program - Summer, Fall, Spring, Summer
Summer – 1415
Fall – 1516
Spring 1516
Summer – 1516
Summer & Fall – 1st Academic Year
Spring & Summer – 2nd Academic Year
WVASFAA

18. Borrower Based Loans - BBAY
Graduate Program – Annual Maximum Federal Direct Loan - $20,500
Graduate PLUS Loan will award up to the remaining need across years
Thus these students will receive 2 annual maximums across their borrower based academic year –
Borrower Based Year/Academic Year 05/12/14 – 12/12/14
Summer 2014 – $10,250
Fall $10,250
Borrower Based Year/Academic Year 01/12/15 – 08/07/15
Spring $10,250
Summer $10,250
WVASFAA

19. ROIBBAY
WVASFAA

20. WVASFAA

21. WVASFAA

22. Borrower Based Loans - BBAY
DL Funds must be set up on RFRMGMT to be used by BBAY Processing
A BBAY must be assigned to the student on RPABBAY
Packaging will look cross years beginning with first term in each BBAY assigned to determine eligibility for the current term.
RLADLOC will originate loans based upon the dates used on RORBBAY for loan period and the academic year.
WVASFAA

23. WVASFAA

24. WVASFAA

25. WVASFAA

26. WVASFAA

27. RLADLOR ADJUSTMENTS
WVASFAA

28. LOAN ADJUSTMENTS RPAAWRD Loan Adjustments
Increasing or reducing a loan to a period or to the total will create a discrepancy between RPAAWRD and RLADLOR but if you run origination this will go away immediately or it can occur in your batch run. If your option is set to one origination it will add that amount to the proper period or periods, it will change the loan amount (approved amount) and update year in college if there is a change and create the proper change records for COD.
WVASFAA

29. LOAN ADJUSTMENTS RPLADLOR Loan Adjustments
If you have the need to increase or decrease a loan you no longer have to insert a record but you will go to the gross amount and simply increase or decrease and based on your options when committed the change will automatically update RPAAWRD or give you a pop up and ask do you want the change to be made on RPAAWRD. Again the process will update all of the appropriate fields for submission to COD.
If you opt to not allow the update you will have a record with an loan discrepancy which will be flagged both on RLADLOR and the Direct Loan Interface Tab on RPAAWRD. We will need to “remember” to later change RPAAWRD or create an exception report using the “award discrepancy field”.
WVASFAA

30. FORM CONVERSIONS
RPALORG RLADLOR – Direct Loan Origination Form RLADBOR – Direct Loan PLUS Borrower Form REACODS – CODS Student Information Form RLADMPN – Applicant Direct Loan MPN Form RLAPAPP – Direct Loan PLUS Application Form REASTID REACODS – COD Student Information Form RLADBOR – Direct Loan PLUS Borrower Form RFRMGMT & ROAMGMT RLRDFEE – Direct Loan Origination Fee Rules Form RPRLPRD RORBBAY – Borrower Based Academic Year Data Form RORSAYR – Scheduled Academic Year Rules Form
WVASFAA

31. Continued Conversion Forms
RPADLCR – RLADLOR – Direct Loan Origination Form Corrections
ROAALOG – RLADLOR – Direct Loan Origination Form Logging
RORDATA – RLADLLC – Direct Loan Logging Control Form
RFRPROM – RLADMPN – Applicant Direct Loan MPN Form
RPRLORC – RLPDLOC – Direct Loan Origination Creation Process
WVASFAA

32. Outcomes of Redesign
Creation of RTVSAYR, RTVBBAY and RORRSAY eliminates the need to create loan periods annually. We will only need to change dates for the upcoming year as the SAY and BBAY codes will stay the same.
Eliminates the need to create budget types by aid year and having to copy and change to a new aid period. No longer the need to create aid year specific aid periods. Example: MS1-16 now becomes MS1 and once budgets roll we will only need to update the dollar amounts.
Synchronizing RPAAWRD and RLADLOR
PROM Notes may be loaded to RPRPROM
All new tables thus all reports must be rewritten once we determine what we need
WVASFAA

33. QUESTIONS
WVASFAA