1. End of Term Processing and After End of Term Processing
University of Massachusetts Lowell
Financial Aid Office
Award Year

2. End of Term Processing
Prior to the last day of class for each term, all students without an aid package are reviewed to determine aid eligibility

3. End of Term Processing To be considered for packaging, students must:
have a valid ISIR on file (e.g., not rejected)
have not withdrawn from the term
have no C flag(s)
enrolled for fall (any load)
enrolled in a program eligible for aid
meet SAP standards (status = MEETS or PROB)

4. End of Term Processing Students who receive an EOT package will also
have an FEH placed on the file
have a comment added
aid is “expired” (so it doesn’t show on the bill)
receive a communication explaining additional steps needed to confirm eligibility for fall aid

5. End of Term Processing Students who receive an EOT package must:
complete the file prior to being eligible for the aid offered (e.g., verification completed, degree confirmation, dependency status confirmed)
have the aid offer validated following file completion (e.g., EFC change due to verification)

6. End of Term Processing
FEH removed following validation of aid eligibility
Fridays on scheduled basis
daily based on manual request to processing staff

7. End of Term Processing Aid disbursed Friday nights on scheduled basis
assuming all other processes complete
e.g., loan documents, MassGrant certification

8. What’s the Difference?
End of Term Processing is similar, but varies from After End of Term Processing
End of Term = FAFSA on file prior to LDA (last date of attendance) of fall term
After End of Term = NO FAFSA on file prior to LDA of fall term

9. After End of Term Packaging
Students who apply for aid AFTER the end of the fall term but BEFORE the end of spring add/drop are sent a letter advising them to meet with counselor.
Reason: most students are not eligible for aid after last date of attendance
See chart, FSA Handbook, Volume 4, Chapter 1, page 27: Conditions and Limitations on Late Disbursements

10. After End of Term Processing
An FEH is assigned to each of these students
Term = 2310
FEH will also have the following reference
FALL 2013 END OF TERM AEOT
Students are sent a letter advising them to call to meet with counselor to review eligibility for aid

11. After End of Term Processing
When meeting with each student, counselor:
reviews Terms & Conditions with student
works with student to complete aid file (SAP, verification, etc.)
develops financial plan with student to cover outstanding balance and future charges
generally, only aid available at this time is Pell, DL, PLUS, and alternative loans
inquiry forms for this group will not result in other types of aid
once a plan is developed that will allow student to register for spring, counselor & student complete the AEOT Counselor Review Form

12. After End of Term Processing
Finalizing AEOT process
assign comment on student’s account explaining meeting (e.g., student’s enrollment goals, financial plan, and action taken)
counselor forwards completed AEOT Counselor Review Form to processing team for packaging
processing team reviews for packaging / aid eligibility
FEH removed AFTER Spring add/drop period
FIN hold can be removed based on conversation with Teresa, Ha, or Chris documenting student has valid financial plan in place

13. After End of Term Processing
If adding any aid to student package between end of fall term and prior to the end of the spring add/drop period, staff must be aware of the need for AEOT validation
ex: manual packaging when adding a new type of aid to a student aid package (e.g., PLUS, Perkins)
ex: when reinstating a previously declined award (e.g., DL)
FEH must be added to these students
Add comment explaining the situation
Student becomes eligible for this aid after validation of spring enrollment