We interpret this to mean any funds distributed via the financial aid process used to offset the out-of-pocket costs to the student. We also report "amounts billed".
Deb
Deb Brondsema
General Accounting Manager
Davenport University
1.616.732.1116
Fax: 1.616.732.1146
>>> "Foote, Gail L." <glfoote@stthomas.edu> 1/30/2007 1:10 PM >>>
Box 5 instructions state to include the total of all scholarships or grants administered and processed by the eligible educational institution. How do other schools interpret “administered and processed”? At our school, we have been reporting scholarships and grants that post to the student account but might originate from an outside source (i.e. Air force or ROTC scholarships and other outside scholarships such as Knights of Columbus). If these are merely flowing through the university to the students account, should these be reported in Box 5?
Any insight is much appreciated! Thank you,
Gail L Foote
Associate Director, Business Office
University of St Thomas
(651) 962-6606
glfoote@stthomas.edu
Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/
Subscribe or Unsubscribe: https://list.mail.virginia.edu/mailman/listinfo/bursar-l
Received on Tue Jan 30 14:34:45 2007
This archive was generated by hypermail 2.1.8 : Tue Jan 30 2007 - 14:34:45 EST