Re: Scholarship Awards from Outside Sources

From: Deb Brondsema (Deb.Brondsema@davenport.edu)
Date: Tue Feb 19 2002 - 08:39:36 EST

  • Next message: Louis Seda: "Re: Scholarship Awards from Outside Sources"

    The procedure at Davenport University is as follows:

    FA receives the outside scholarship checks, applies the payment to the students FA awards and then sends the check to the business office.

    The BO deposits the check in the bank, when the student finalizes payment for classes the outside scholarship award is automatically applied to the student's account. The business office reconciles the general ledger "Outside scholarship" account against student records at year end and refunds any unused funds (a very rare occurance!).

    In some cases the FA office receives notifiacation about an award, but the institution must bill the award granting agency/group. In that case, the FA office applies the award to the students FA awards, sends notification to the BO and the BO bills the agency/group. Let me know if you have any other questions.

    Deb Brondsema
    Director of Business Services
    Davenport University

    This archive was generated by hypermail 2.1.4 : Fri May 03 2002 - 11:10:28 EDT