From: Cindy Shelton (sheltonck@appstate.edu)
Date: Fri Apr 04 2003 - 09:39:05 EST
At Appalachian State University, we do the same as NC State has done.
Bruce Forinash wrote:
> At North Carolina State (public, Research I, 30,000), we adopted the new
> regulations for the 2002 reporting year so we could get an early start on
> some of the issues. So far it has been a smooth transition, with relatively
> few questions from recipients of the new format. My responses to your
> specific questions are shown below, in caps:
>
> ======================================================
>
> ++++++++++++++++++++++++++++
> Bruce Forinash
> Director, University Cashier's Office
> NC State University
> 2005 Harris Hall
> Campus Box 7213
> Raleigh, NC 27695
> 919.515.6010 (office)
> 919.515.1164 (fax)
> <mailto:bruce_forinash@ncsu.edu>bruce_forinash@ncsu.edu
> >>> Patricia Hayes <hayespb@bc.edu> 04/03/03 04:14PM >>>
>
> Like most of you, Boston College is in the process of making changes to be
> in compliance with next year s reporting for the infamous 1098T. I would
> appreciate any response to a few questions.
>
> 1. Are you planning to report billed charges or
> payments? Why?
> AT NC STATE, WE ELECTED TO USE BILLED CHARGES RATHER THAN PAYMENTS. TWO
> MAIN REASONS: 1) IT WAS VERY CLEAN FOR US TO IDENTIFY AND CAPTURE TUITION
> AND QUALIFIED FEES BILLED IN OUR SYSTEM; AND 2) OUR PAYMENT APPLIER LOGIC
> ASSIGNS PAYMENTS TO CHARGE CATEGORIES IN AN ORDER THAT MAY NOT AGREE WITH
> THE WAY THE TAXPAYER WOULD CONSIDER THE PAYMENT MADE. SIMPLY SHOWING THE
> AMOUNT OF QUALIFIED CHARGES BILLED AVOIDS CONFUSION AND MISUNDERSTANDINGS.
> WE GIVE AN EXPLANATION OF THE 1098-T INFORMATION ON OUR WEBSITE:
> <http://www7.acs.ncsu.edu/cashier/impoinfo/1098T.htm>http://www7.acs.ncsu.edu/cashier/impoinfo/1098T.htm
>
> 2. How are you planning to handle changes after the
> semester is over, but during the same academic year?
> WE USE A CALENDAR YEAR CUTOFF FOR ALL BILLED TRANSACTIONS, REGARDLESS OF TERM.
>
> 3. What is your definition of financial aid? Do you plan
> to report stipends, scholarships, grants?
>
> IN GENERAL TERMS, WE CONSIDER FINANCIAL AID AS ANYTHING OTHER THAN LOANS
> THAT IS APPLIED TO THE STUDENT ACCOUNT THROUGH THE FINANCIAL AID SYSTEM.
> STIPENDS - NO; SCHOLARSHIPS - YES; GRANTS - YES.
> ======================================================
>
> If anyone has any specific questions I may be able to help with, please let
> me know.
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