From: Stuart B. Warner (swarner@wnec.edu)
Date: Thu Mar 07 2002 - 12:17:34 EST
What happens if the student doesn't sign the FAWA? Are you forced to
print an award check and mail it? Otherwise it sounds like you have to
do an awful lot of manual calculations as to how much to apply to the
account and how much to refund. Or am I missing something?
Julie Selander wrote:
>
> Susan,
> At the University of Minnesota, we have a paperless financial aid
> process. An electronic FAAN (Financial Aid Award Notice) goes to the
> student in an email where the student links to our web page where the
> student accepts/rejects/reduces their financial aid awards. On this eFAAN,
> there is a FAWA (Financial Aid Withholding Authorization) Notice, where the
> student clicks either "accept" or "reject". If they click "accept" to the
> terms of the authorization, we automatically pay their aid into the term it
> is awarded for and any extra funds remaining after tuition/fees are paid
> will be automatically applied to past due receivables (from prior years) as
> well as applying to receivables that financial usually doesn't pay (late
> charges, bus passes, library fines, etc). It's all automated on our
> PeopleSoft system, therefore no human intervention (and no operator
> errors!) The student can revoke the FAWA at any time by writing to our
> office. All of our eFAANs are archived in case we needed to pull out the
> information.
> Let me know if you have questions.
>
> Julie A. Selander
> Senior Associate Director
> Office of Student Finance
> University of Minnesota
> 20 Fraser Hall, 106 Pleasant Street SE
> Minneapolis, MN 55455-0422
> Phone: (612) 625-6579
> Fax: (612) 625-1886
> e-mail: goode021@umn.edu
>
> >>> "Brooks, Susan" <sbrooks@email.uncc.edu> 03/07/02 07:04AM >>>
> Under federal regulations you must obtain appropriate authorization from a
> student or a parent if you are going to use Title IV, HEA program funds to
> cover current charges other than tuition, room and board or prior year
> charges (if the payment of these does not prevent the student from paying
> current costs).
>
> I am interested in hearing how other schools have creatively tackled this
> problem in ways that don't increase responsibility for obtaining and
> maintaining yet another piece of paper from each student.
>
> Any and all ideas are welcome!
>
> Susan Brooks
> UNC Charlotte
>
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