Download presentation
Presentation is loading. Please wait.
Published byErik Hutchinson Modified over 8 years ago
1
Update on Scholarship and Fellowship Processing CATS Meeting 04/20/2006 Rozzie Gerstman Budgetary Administration & Planning Greg Tittelbaugh Scholarship Clearinghouse (OES)
2
Enrollment Requirements Observe Donor Intent Minimum enrollment: Scholarships: 1 course Fellowships: full-time Summer
3
Prizes vs. Scholarships/Fellowships Scholarship & Fellowship: “For the purpose of aiding his study, training, or research” “Does not represent compensation for personal services.” Process in SIS Financial Aid Tax reporting: 1098-T Prize: “Award won in a contest” Excludes scholarship/fellowship (see above) Process with FIS DV – object 4866 Tax reporting: 1099-MISC (income)
4
Scholarship & Fellowship Priority Processing Dates Summer 2006 By April 28, 2006 2006-2007 academic year By May 15, 2006
5
Scholarship and Fellowship Reconciliation Best Practices Do recipients and amounts meet donor intent? Review Monthly: Check SIS transactions made by users in your office. Verify that recipients meet donor intent. Verify that scholarship and fellowship amounts are appropriate. See IUIE tips PDF: http://www.indiana.edu/~sfa/office_info/dept.html http://www.indiana.edu/~sfa/office_info/dept.html E-mail to sign up for training: iusch@indiana.eduiusch@indiana.edu 5/17/2006 or 5/19/2006
6
Questions? Fellowships: Katie Delaney – karpeter@indiana.edu Rozzie Gerstman - gerstma@indiana.edu Scholarships: Greg Tittelbaugh – iusch@indiana.edu
Similar presentations
© 2024 SlidePlayer.com Inc.
All rights reserved.