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PublicationDate: 3/27/98 Summary: Tip of the Week- Using Aid Type codes in EDExpress Packaging Author: CPS - Central Processing System (CPS) Posted March 27, 1998 TO: All EDExpress Users FROM: CPS Customer Service RE: Tip of the Week- Using Aid Type codes in EDExpress Packaging This week's Tip highlights a specific feature or process in the EDExpress software: Using Aid Type codes in EDExpress Packaging Feature/Process: In the Packaging module of EDExpress for Windows, funds to be utilized are defined under Tools/Setup/Packaging/Fund Maintenance. Aid Type is a required field to save a fund profile. The Aid Type value tells EDExpress the kind of fund you are creating, and in some circumstances will ensure federal eligibility requirements for awarding limits are followed. Selecting the correct Aid Type code is critical. NOTE: To print a list of valid Aid Type codes, go to the topic "Aid Type (Fund Maintenance dialog box)" under "Help/How do I...?/Search". A list of Aid Type codes may also be found on pages 19-20 of your 1998-99 Packaging Desk Reference. Why you should use it: Aid types such as "F" (for Federal Pell Grant), "S" (for Stafford Subsidized loan) and "U" (for Stafford Unsubsidized loan) govern how these funds are awarded during the package process. For example, EDExpress will check for need, valid EFC range, prior degree indicators and college grade level before awarding any Pell funds to a student record. The software will check need and college grade level to award Subsidized and Unsubsidized loans. This saves you time from having to create queries to correctly award these funds. Other aid types, such as "G" (all other grants, including SEOG), "W" (for Federal Work-Study) and "K" (for Federal Perkins loans) check on the awarding percentages in your Academic Year Profile. If you have any questions, please contact CPS Customer Service at 1-800-330-5947, option 8, then option 2, or via email at CPS@NCS.COM. |