BANNER FINANCIAL AID OVERVIEW

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BANNER FINANCIAL AID OVERVIEW

• UNC CHARLOTTE
• NOVEMBER, 2005

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BASIC BANNER FA FUNCTIONS

• DATA LOAD
• GROUP ASSIGNMENTS
• NEED ANALYSIS
• TRACKING
• VERIFICATION
• PELL GRANT AWARDING
• AWARD PACKAGING
• DISBURSEMENT
• FFEL LOAN PROCESSING

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BASIC BANNER FA FUNCTIONS (Continued)

• EDE CORRECTIONS
• TRANSFER MONITORING
• SATISFACTORY ACADEMIC PROGRESS
• FUND MANAGEMENT
• PELL REPORTING
• RETURN OF TITLE IV FUNDS
• STUDENT EMPLOYMENT
• LETTER GENERATION

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SELECTION REPORTING PROCESSES USED IN BANNER

• RORRULES USED TO DEFINE/SELECT BASIC FA GROUPS
  
• POPULATION SELECTION (POP SELS) GENERALLY USED
  TO DEFINE/SELECT GROUPS FOR BATCH POSTING, FOR
  RUNNING A BANNER PROCESS, OR FOR SIMPLE QUERIES.
• WEB FOCUS GENERALLY USED TO CREATE REPORTS

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DATA LOAD

• USED TO LOAD ELECTRONIC FAFSA RECORDS (ISIRS)
  INTO BANNER FA
• ADDS ONLY ISIRS WITH A RECORD IN BANNER
• PROVIDES REJECT AND DISCREPANCY REPORTS FOR
  FURTHER REVIEW
• LOADS ALL TRANSACTIONS INTO BANNER
• MAINTAINS CURRENT RECORD ISIR

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BANNER FA GROUPS

• TRACKING GROUPS NOT USED IN SIS
• BUDGET GROUPS SAME AS IN SIS
• PACKAGING GROUPS SAME AS IN SIS (PARS)

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TRACKING GROUPS

• EACH GROUP INCLUDES STUDENTS WHO HAVE A
  SIGNIFICANT COMMON CHARACTERISTIC (I.E. SELECTED
  FOR VERIFICATION).
• GENERALLY, EACH GROUP IS ASSIGNED A PARTICULAR
  TRACKING CODE.
• ONCE IN A GOOD TRACKING GROUP, A STUDENT IS NOT
  MOVED TO ANOTHER TRACKING GROUP (GROUP LOCKED).

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The design intent of the first four groups is
to identify students who are not ready to be
awarded. Students in these groups can move to a
good group when their circumstances change.
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RORRULES

• STUDENTS ARE PLACED INTO APPROPRIATE GROUPS BY
  RORRULES.
• RORRULES CONTAIN CONDITION STATEMENTS RELATED TO
  RESIDENCY, ADMISSIONS STATUS, FAFSA DATA, ETC.
• SELECTION BY RORRULES INTO A GROUP CAN BE
  COMPLETED IN BATCH FOR MULTIPLE STUDENTS OR
  ON-LINE FOR AN INDIVIDUAL STUDENT.

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TRACKING

• IN BANNER, TRACKING DOCUMENTS ARE REFERRED TO AS
  REQUIREMENTS.
• PARTICULAR REQUIREMENTS FOR A STUDENT CAN BE
  TRIGGERED BY PLACEMENT IN A GROUP, ACCEPTANCE OF
  AID AWARD, BEING IN A PARTICULAR POPULATION OF
  STUDENTS, OR ENTERED MANUALLY.

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VERIFICATION

• WILL CONTINUE TO DISREGARD FEDERAL SELECTION
  VERIFICATION CASES AND USE INSTITUTIONAL
  SELECTION UNDER QA PROGRAM.
• FORMS ARE PROVIDED TO ENTER DOCUMENTED DATA AND
  UPDATE APPLICATION.

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AID PERIODS

• BUDGETS AND AWARDS BASED ON SPECIFIC AID PERIODS.
• AID PERIOD ASSIGNED TO EACH TERM IN YEAR AND TO
  EACH COMBINATION OF TERMS IN THE YEAR.
• SYSTEM DEFAULTS EACH ISIR TO FALL/SPRING AID
  PERIOD
• EXCEPTIONS ENTERED MANUALLY

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AWARDING/PACKAGING

• PELL AUTOMATICALLY CALCULATED FOR ALL PELL
  ELIGIBLE.
• AWARD PACKAGE CAN BE BATCH PROCESS (MULTIPLE
  STUDENTS), OR AN AWARD FOR AN INDIVIDUAL STUDENT
  CAN BE CREATED ON-LINE.

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DISBURSEMENT

• CAN BE RUN IN BATCH FOR MULTIPLE STUDENTS OR
  ON-LINE FOR AN INDIVIDUAL STUDENT.
• MEMOS AID TO STUDENTS ACCOUNT (SIMILAR TO
  ESTIMATED AID IN SIS) WHEN ALL DISBURSEMENT
  CONDITIONS ARE NOT MET.
• AUTHORIZES AID TO STUDENTS WHEN ALL CONDITIONS
  ARE MET, BUT PRIOR TO PAY DATE.
• DISBURSES ONLY PELL AMOUNT EQUIVALENT TO
  STUDENTS ENROLLMENT.

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FFEL LOAN PROCESSING

• ELECTRONIC LOANS GENERALLY MEANS STAFFORD AND
  PLUS. ALTERNATIVE LOANS CAN ALSO BE PROCESSED
  ELECTRONICALLY.
• LOAN APPLICATION CREATED UPON LOAN ACCEPTANCE
  USING BATCH OR ON-LINE PROCESS (SIMILAR TO 392 IN
  SIS).
• LOAD PERIODS DESIGNED TO COINCIDE WITH AID
  PERIODS.

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BANNER LOAN PERIOD CODES FOR 05-06 Loan
Period Code Fall-Spring FS6 Fall-Summer1
FM16 Fall-Summer2 FM26 Fall F6 Fall-Summer
12 FM126 Fall-Spring-Summer
12 FSM126 Fall-Spring-Summer1 FSM16 Fall-Spri
ng-Summer2 FSM26 Spring S6 Spring-Summer12
SM126 Spring-Summer1 SM16 Spring-Summer2 S
M26 Summer 12 M126 Summer 1 M16 Summer
2 M26 Code F Fall S Spring M
Summer 6 2005-06 year
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Make sure to review this scroll bar. It
indicates whether there is more than one loan
being processed for the student.
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EDE CORRECTIONS

• CAN BE MADE ON NEED ANALYSIS FORMS (SIMILAR TO
  SIS)
• CORRECTIONS THAT ARE MADE IN BANNER BUT DO NOT
  NEED TO BE SENT TO CPS CAN BE DELETED (MORE
  CUMBERSOME PROCESS THAN SIS).
• STATUS OF EDE CHANGES, INCLUDING DATE SENT, IS
  NOT READILY IDENTIFIED IN BANNER.

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TRANSFER MONITORING

• PROVIDES ELECTRONIC FILE OF RECORDS TO BE SENT TO
  NSLDS.
• STUDENTS CAN BE ADDED TO FILE EITHER MANUALLY OR
  BY BATCH PROCESS.
• TRANSFER MONITORING HOLD AUTOMATICALLY PLACED ON
  STUDENTS RECORD

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SATISFACTORY ACADEMIC PROGRESS

• FOR 2006-07 APPLICATIONS, SAP WILL BE DETERMINED
  IN SIS IN MAY OF 2006 FOR ALL CONTINUING
  STUDENTS AND RESULTING SAP STATUS MIGRATED TO
  BANNER.
• BAD SAP CODES WILL INDICATE INSUFFICIENT GPA,
  INSUFFICIENT EARNED HOURS (lt66.6), OR ATTEMPTED
  MAX HOURS (gt180).

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FUND MANAGEMENT

• USE OF ALPHA INSTEAD OF NUMERIC FOR AWARD CODES
  (PELL, PERK, UNCND, COLVRD INSTEAD OF 8XXXX)
• MANAGEMENT OF FUND AMOUNTS AND FUND ATTRIBUTES
  SIMILAR TO SIS
• AMOUNT OF DISBURSEMENT IN RELATION TO ENROLLMENT
  MORE PRECISE THAN SIS

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PELL REPORTING

• SIMILAR TO SIS
• PROVIDES ONE FORM FOR MONITORING PELL ORIGINATION
  RECORD AND ANOTHER FORM FOR MONITORING PELL
  DISBURSEMENT RECORD

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RETURN OF TITLE IV FUNDS

• PROVIDES A ROSTER OF TITLE IV STUDENTS WHO
  WITHDRAW.
• CALCULATION OF AMOUNT TO BE RETURNED BY BATCH OR
  ON-LINE FOR INDIVIDUAL STUDENTS.
• DESIGNED TO DESIGNATE ORIGINAL CHARGES FOR RETURN
  CALCULATION.

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LETTER GENERATION

• USED TO PRINT PERKINS PROM. NOTES
• USED TO PREPARE SAP LETTERS
• USED TO CREATE E-MAIL ADDRESSES FOR REQUIREMENT
  TRACKING AND AWARDING
• CAN BE USED TO CREATE CUSTOMIZED LETTERS FOR
  DOWNLOADING TO WORD