Banner Financial Aid Automated Electronic Loan Return

Student Account Set-up TSADETCDetail Code Control Form u Create three detail codes to represent the following: n Student Charge / Payment Code n Return Payment Code n Return Refund Code

Student Account Set-up Student Charge Payment Code n If set up as a charge, the disbursement process places a positive charge on the Student AR account for the returned check amount n If set up as a payment, the disbursement process places a negative payment on the Student AR account for the returned check amount.

Student Account Set-up Return Payment Code n Create a Detail Code that represents the payment code used by the FA Disbursement process when it posts a payment to the return entities account. n This code allows the lender to receive this returned check amount.

Student Account Set-up Return Refund Code n Create a detail code that represents the Charge to the Refund account for the return entity.

Financial Aid Set-up RPRLOPTLoan Options Form n Enter the three detail codes created for loan funds where automated check returns will be used

Loan Disbursement Adjustment Step #1 n Enter the Return Lender ID on RPAELAP if one does not exist. This is the lender, guarantor or disbursing agent who is to receive the refund check n This may have already been set up in your loan application creation process.

Loan Disbursement Adjustment Step #2 n Access RPALDSB n Access the appropriate term disbursement record n Insert a new record n Enter the return amount and tab to default the date n Set the Feed indicator to ‘Y’

Loan Disbursement Adjustment Step #3 n Run the disbursement process in batch (RPEDISB) or immediately for the student (ROAIMMP)

View Disbursement Results RPAAWRDApplicant Award Form u The paid loan amount will be reduced by the amount of the loan return.

View Disbursement Results RPALDSBLoan Disbursement u The feed indicator will be updated with ‘F’

View Disbursement Results TSAAREVAccount Review Form n A charge is entered on the student account for the amount of the return

View Disbursement Results TSADETLDetail Code Form n Payment for the return amount is visible on the lender account n Cross reference field reflects the Student ID

View Disbursement Results TGACREVCashier Review Form n Includes loan return entries

Produce Check(s) u Close and finalize cashiering session u Run Application of Payment and Unapplication of Payments procedures u Run feed to Finance procedures u Run procedures to produce vendor checks n Can produce a single check to vendor or individual checks per student n Student ID is not associated with the check after it is run

Questions?