Fund Source Types

The table contains descriptions of fund source types that can be configured in Anthology Student. The fund source types are stored in a table that is created and loaded by Anthology Inc.. They are not editable by the client.

Fund Source Types
Name	Code	Description
ACG Grant	ACG	Academic Competitiveness Grant – A federal grant that is both need and merit based. This grant is similar to Pell insofar as Origination and Disbursement will be done via COD processing. An initial authorization will be provided to institutions.
Direct PLUS Loan	DIRPLUS	A federal loan that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid. A Direct PLUS Loan is commonly referred to as a Parent PLUS loan when made to a parent, and as a Grad PLUS loan when made to a graduate or professional student.
Direct Subsidized Loan	DIRSUB	A federal loan issued by the US Department of Education to an undergraduate student with financial need. The US Department of Education pays the interest while the borrower is in school.
Direct Unsubsidized Loan	DIRUNSUB	A federal loan issued by the US Department of Education to undergraduate and graduate students. There is no requirement to demonstrate financial need.
Grant (Other than Pell)	GRANT	A need based award from a federal, state, or local source that can exceed the actual charges on a student ledger. A majority of these grants are refundable to a student if the payments exceed charges on the student ledger.
Iraq and Afghanistan Service Grant	IASG	A federal grant for a student whose parent or guardian was a member of the U.S. armed forces and died in service in Iraq or Afghanistan after September 11, 2011.
Other Need Based Loans	LOANNB	An alternative loan issued by a private sector lender (bank, non-profit) to a student with financial need.
Other Non-Need Based Loans	LOANNNB	An alternative loan issued by a private sector lender (bank, non-profit) to a student. There is no requirement to demonstrate financial need. Typically called an alternative loan.
Other Outside Resources	OTHER	Any funds paid on the student's behalf for any cost of attendance expense (i.e., wrap around services), in addition to agency vouchers for tuition, fees, and books. Prepaid college tuition plans that are offered in different states are fund sources of type other outside resources.
Pell Grant	PELL	A subsidy the U.S. federal government provides for students who need it to pay for college. This is a need based grant.
Perkins Loan	PERKINS	A federal loan for undergraduate and graduate students with exceptional financial need. Eligibility depends on the student’s financial need and availability of funds at the institution.
PLUS Loan	PLUS	A federal loan that graduate or professional students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid. A Direct PLUS Loan is commonly referred to as a Parent PLUS loan when made to a parent, and as a Grad PLUS loan when made to a graduate or professional student.
Scholarship	SCHOLAR* * Can be the name of the scholarship.	Cash that is granted to a student based upon need or merit. Some grants have performance standards attached to them. All scholarships are a stipend to be paid to the student after all charges on the student ledger have been paid. Some institutions/states also provide: Tuition Waiver – A reprieve from all or a specific portion of a student’s financial obligations and is treated as "non-revenue" by the institution. This is not a cash subsidy to pay a student’s obligation. These waivers often encourage the enrollment of specific students or groups of students that will benefit the College, such as athletes. Tuition Waivers will not exceed the actual tuition on the student’s account for that term. Write Off – An elimination of outstanding charges. This fund source type will also be used when writing off institutional errors. Write Offs will not exceed the actual tuition on the student’s account for that term.
SMART Grant	SMART	Science and Mathematics Access to Retain Talent Grant – A federal grant similar to Pell insofar as Origination and Disbursement will be done via COD processing. An initial authorization will be provided to institutions.
Student Payments	CASH	Cash, credit card, or check payment made on the student’s account by the student or an unidentifiable source. This includes Individual Dreamer Account payments.
Subsidized Stafford	SUB	A federal loan provided to students attending institutions that previously participated in the Federal Family Education Loan (FFEL) Program. No new loans have been made under the FFEL Program since July 1, 2010. However, the term "Subsidized Stafford" is still used to refer to a Direct Subsidized Loan (DIRSUB).
TEACH Grant	TEACH	Teacher Education Assistance for College and Higher Education (TEACH) – A federal grant to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. In exchange for receiving a TEACH Grant, students must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students. Recipients must teach for at least 4 academic years within 8 years of completing the program of study for which they received a TEACH Grant. If they don’t complete this service obligation, all amounts of TEACH Grants received will be converted to a Federal Direct Unsubsidized Loan (DIRUNSUB) and interest charged from the date the grant was disbursed.
Unsubsidized Stafford	UNSUB	A federal loan provided to students attending institutions that previously participated in the Federal Family Education Loan (FFEL) Program. No new loans have been made under the FFEL Program since July 1, 2010. However, the term "Unsubsidized Stafford" is still used to refer to a Direct Unsubsidized Loan (DIRUNSUB).
Work Study	WORKST	A form of financial aid awarded to a student who has completed a FAFSA and has demonstrated a financial need. The student is given a job (usually on-campus) and is paid by the institution.