10.4.0 Is Now Available
Financial Aid Automation
October 14, 2022
What You Should Know
Release Overview
Financial Aid Automation 10.4.0 provides numerous enhancements as well as resolutions for reported incidents in Auto Awarding, Auto Refund Calculation, COD Export, Exception Management, and System.
Timeline
October 14, 2022 - Financial Aid Automation 10.4.0 Available
Upgrade Rollout Plans for FAA 10.4.0 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.
Visit 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 enhancements:
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Create/Evaluate Awards Using 2023-2024 FAFSA and ISIR Data
Users utilizing Auto Package and Auto Repackage can create Fund Source Rules utilizing fields containing data from Application Processing for the 2023-2024 award year. Using this data, applicable fund sources for the 2023-2024 award year (Grant, Direct Loan, Scholarships, Work Study) can be correctly awarded using auto-package, repackage, or through Job Management, and appear within the award form and their respective individual fund source forms. You can also utilize Automated Eligibility for the evaluation of the 2023-2024 scheduled award year funds against the 2023-2024 FAFSA and ISIR Application Processing data.
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New Automated Refund Calculation Setup Form
The Automated Refund Calculation Settings form has been added within the Financial Aid tile. This new form displays tabs that need to be configured by users to provide an easy search and completion to the Automated Refund Calculation configurations.
These tabs are:
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Institutional Policy
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Approval Percentage
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Age Days
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Assignment
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Notification
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PWD Assignment
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PWD Tracking Status
The functionality in each one of these individual tabs was previously a separate form within Financial Aid Automation. With this functionality consolidated under the new Automated Refund Calculation Setup form, those separate forms have been removed.
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Disable Disbursement Eligibility Field
The "Disable Disbursement Eligibility with Automated Refund Calculation" configuration is available for ELIGBLTY exceptions when the Automated Process Activation for Disbursement Eligibility is enabled. When selected, ELIGBLTY exceptions are not created during Auto Refund Calculation.