10.2.1 Is Now Available
Financial Aid Automation
June 2022
What You Should Know
Release Overview
Financial Aid Automation 10.2.1 provides a single enhancement as well as resolutions for reported incidents in the areas of COD Export, Disbursement Eligibility, Disbursement Posting, and Job Management.
Note: The V1 verification changes announced by the Department of Education in the May 18, 2022, Dear Colleague Letter (GEN-22-06: Changes to 2022-2023 Verification Requirements) are addressed in Financial Aid Automation 10.2.1.
Timeline
June 1, 2022 - Financial Aid Automation 10.2.1 Available
Upgrade Rollout Plans for FAA 10.2.1 customers:
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Cloud 2.0 - This update will be applied to your nonproduction environment(s) within 2 business days and your production environment within 12 business days.
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Cloud 1.0, CampusNet, and on-prem customers – If you would like to apply this update, please submit a CSR and scheduling will occur based on availability.
Download the Release NotesVisit the Product Information site
Read the release notes, online help, and watch training videos at the Product Information site.
Release Highlights
This release contains the following enhancement:
2022-23 ISIR Updates to V1 Verification Requirements for COD Export
The 2022-23 ISIR Verification Exclusion functionality released by the Department of Education (E.D.) enables a school to decide that the V1 Verification is no longer necessary and then exclude the V1 Selected for Verification step for students during Disbursement Eligibility, Auto Awarding, Auto Refund Calculation and COD Import/Export.
