OFA-Financial Aid Item Types (FAITs)

Overview

Create, revise, and inactivate Financial Aid Item Types (FAITs) as appropriate to meet student awarding business needs. When submitting this request, please complete and attach one of the spreadsheets below. Note: New FAITs are available for use the day after they are created in the system. 

Additional Information 

Please use the following links to find comprehensive instructions and information relevant to FAITs:

Charge Priority Values

 Priority Charges Covered If On Customer’s Account Pays Current Term Pays Prior Year Pays Future
ALLREF Housing, Tuition/Fees, Other Charges, Refunds (pays prior and future refunds) Y N N
BIOSTAT Biostation Fees (used for adjustments) Y Y Y
EMERGNCY NONE Y Y Y
HLTHINSR Insurance Y Y Y
MANDFEES Mandatory Fees, Refunds Y N N
MDENT M-Dent Y Y Y
NHLTHINS Insurance Y N N
NMANDFEE Mandatory Fees Y N N
NREGMAND Regfee, Mandatory Fees Y N N
NREGONLY Regfee Y N N
NTUITFEE Tuition, Regfee, Mandatory Fees Y N N
NTUITMAN Tuition, Mandatory Fees Y N N
NTUITONL Tuition Y N N
NTUITREG Tuition, Regfee Y N N
PAYREFND Refunds Y Y Y
PRIORONL Tuition/Fees, Housing, Other Charges, Refunds, Finaid, Balance Forward, Payments/Transfers N Y N
REFONLY Refunds Y N N
REGMAND Regfee, Mandatory Fees, Refunds Y N N
REGONLY Regfee, Refunds Y N N
SLSONLY SLS, Refunds Y N N
STANDARD Balance Forward, Payments/Transfers, Tuition/Fees, Housing, Other Charges, Refunds, Finaid, Waivers, Writeoffs Y Y Y
TUITFEES Tuition, Law Externship, Regfee, Mandatory Fees, Study Aboard, Law Activity Fee, Refunds Y N N
TUITMAND Tuition, Mandatory Fees, Study Abroad, Refunds Y N N
TUITONLY Tuition, Study Abroad, Refunds, GSA Adj, Sponsor Adj Y N N
TUITREG Tuition, Regfee, Study Abroad, Refunds Y N N

Disbursement Plans

Disbursement Plans are two-digit codes that represent payment schedules. They define the “buckets” into which specific disbursements can be allocated, which may be by term or by month.

 Disbursement Plan Disbursement Buckets
01 – Term Per Term
02 – Standard Monthly Monthly – typically at the end of the month
03 – Special Monthly Monthly – provides options for early disbursement at the beginning of each term

 

Split Codes

01 Disb Plan - Term

Split Code Per Term Disbursement
01 Fall, Winter
02 Fall Only
03 Winter Only
04 Fall, Winter, Spring/Summer
05 Spring/Summer
06 Spring (half term), Summer (half term)
07 Spring (half term)
08 Summer (half term)

 

02 Disb Plan - Standard Monthly

Split Code Per Term Disbursement
01 September - April
02 September - December
03 January - April
04 September - August
05 May - August
07 May - June
08 July - August

 

03 Disb Plan - Special Monthly

Split Code Per Term Disbursement
01 September - April, plus additional disbursements at the beginning of fall and winter terms (10 total disbursements)
02 September - November, plus an additional disbursement at the beginning of fall term (4 total disbursements)
03 January - April
06 May - August
07 May - June
08 July - August
09 September - November, January - March, plus an additional disbursement at the beginning of winter term (8 total disbursements)

Disbursement Rules

Disbursement Rules identify specific conditions students must meet for disbursement of an FAIT. If a student fails to meet the conditions after the award is disbursed, the award is not automatically retracted.

 Disbursement Rule Description
DR1 Requires full-time enrollment (12 hours undergraduate, 9 hours graduate) at the time of each disbursement, and the student cannot have withdrawn.
DR2 Hold if no enrollment data but disburse if enrolled at least one credit hour. The system will also check to ensure the student has not withdrawn.
DR3 Hold if withdrawn.
DR4 No disbursement rules will be applied.
DR5 Requires that the student be enrolled at least 6 hours if graduate, 12 hours undergraduate; hold if the student has withdrawn.
DR6 Requires that the student be enrolled at least 12 hours if graduate; 12 hours undergraduate; hold if the student has withdrawn.
DR8 Requires that the student be enrolled at least 8 hours if a graduate, hold if the student has withdrawn.

System Training

M-Pathways system training is available in My LINC. Training includes instructor-led courses, eLearning courses, simulations, and job aids. 

 
Submit Request

Details

Service ID: 2805
Created
Mon 11/21/22 4:00 PM
Modified
Fri 1/13/23 12:00 PM