Re: bursar-l: Financial Aid disbursement

From: Pinkney, Labot <lpinkney@atlantatech.edu> Date: Thu May 24 2007 - 12:06:26 EDT · This archive was generated by hypermail 2.1.8 : Thu May 24 2007 - 16:12:59 EDT

--
Alice W. Wudarczyk
Bursar
Jacksonville State University
700 Pelham Road North
Jacksonville, Alabama 36265-1602
Phone 256-782-5462
Fax 256-782-8067
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Message: 2
Date: Wed, 23 May 2007 08:55:59 -0400
From: "Hall, Cindy" <chall@PointPark.EDU>
Subject: Re: bursar-l: Financial Aid Disbursements
To: "Alice Wudarczyk" <awudarc@jsu.edu>,
	<bursar-l@list.mail.Virginia.EDU>
Message-ID:
	<3F63DE5EC7526C4EBF677C6B93ADDC12014338CD@ppex01.PointPark.EDU>
Content-Type: text/plain;	charset="us-ascii"
At Point Park University, we wait for the end of our add/drop period.
This is usually 2 weeks into the semester.
Cynthia D. Hall
Director of Student Accounts
Point Park University
201 Wood Street
Pittsburgh, PA 15222
412-392-3442
-----Original Message-----
From: bursar-l-bounces@list.mail.virginia.edu
[mailto:bursar-l-bounces@list.mail.virginia.edu] On Behalf Of Alice
Wudarczyk
Sent: Tuesday, May 22, 2007 9:39 AM
To: bursar-l@list.mail.Virginia.EDU
Subject: bursar-l: Financial Aid Disbursements
Hello,
We are converting to Banner and are looking at some policy changes 
regarding the dates we disburse financial aid.  I was wondering when 
your schools disburse financial aid.  For instance, do you disburse 10 
days prior to the start of class, on the third or fourth day or two 
weeks into the semester after your free drop/add period. 
Thank you in advance for helping.  We meet with our Administrative 
Council this Friday and they want to know what other schools are doing.
Alice Wudarczyk
-- 
Alice W. Wudarczyk
Bursar
Jacksonville State University
700 Pelham Road North
Jacksonville, Alabama 36265-1602
Phone 256-782-5462
Fax 256-782-8067
Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/
Subscribe or Unsubscribe:
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------------------------------
Message: 3
Date: Wed, 23 May 2007 10:01:08 -0400
From: Susan McCaffrey <mccaffrey@gcc.mass.edu>
Subject: bursar-l: Health Insurance and Title IV Funds
To: bursar-l@list.mail.virginia.edu
Message-ID: <7.0.1.0.2.20070523095549.0274b168@gcc.mass.edu>
Content-Type: text/plain; charset="us-ascii"; format=flowed
Good Morning,
I got a request from our financial aid folks to ask around to see if 
any schools have developed a system that works well to keep Title IV 
funds from paying health insurance, if the student does not authorize 
such a payment.
We are a Banner school.   Our Insurance detail code is set up now to 
be considered an "institutional charge", so Title IV funds do pay it 
normally.  There has not, to date, been any attempt to screen 
students to determine if they do not sign the authorization on the 
financial aid application forms.  But we would like to do that, as 
skillfully as possible.
Any great ideas out there?
Thank you,
Susan McCaffrey
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
=-=-=-=-
                         Susan E. McCaffrey
                                   Bursar
                        Greenfield Community College
                           One College Drive
                         Greenfield  MA  01301
             vox  (413) 775-1302             fax (413) 775-1329
------------------------------
Message: 4
Date: Wed, 23 May 2007 09:24:00 -0700
From: "Dee Wilson" <dwilson@pcc.edu>
Subject: Re: bursar-l: bursar-l Digest, Vol 47, Issue 12
To: <bursar-l@list.mail.virginia.edu>
Message-ID: <000001c79d56$c5700670$6c2b98d1@wcwtc1513x2844>
Content-Type: text/plain;	charset="us-ascii"
Alice, 
You wrote: "I was wondering when your schools disburse financial aid." 
At Portland Community College, we disburse aid the Monday following our
deadline for tuition refunds, and issue refunds beginning on the
Wednesday
of that week. This gives financial aid a couple of days to audit for
changes
in status. Currently, our refund deadline is the 2nd Friday of term, so
students can begin picking up their refund checks on the third
Wednesday.
This works great. Students have access to charging books to their
student
account through our bookstore, and financial aid repayments are kept to
a
minimum. 
The one thing that does not work well for us is we have a low
participation
rate with direct deposit. This is because students can pick up their
financial aid checks the same day funds would be available in their
account
via direct deposit.  If I were to change anything, I would make sure
students could get their checks via direct deposit BEFORE they could
pick
them up at the window.  We're looking at moving our refunds deadline up
a
week, so I will make adjustments at that time. 
------------------------------
Message: 5
Date: Wed, 23 May 2007 16:10:33 -0400
From: "O'Keefe, Glen" <glen.okeefe@uconn.edu>
Subject: Re: bursar-l: Health Insurance and Title IV Funds
To: <bursar-l@list.mail.virginia.edu>
Message-ID:
	
<BD5AF235FD19A644A07ADDC140411F39039C3C85@EXCHANGEA.mgmt.ad.uconn.edu>
Content-Type: text/plain;	charset="us-ascii"
 
We also consider it an institutional charge so that even if a student
doesn't do a Title IV waiver it will still be paid.  I would proceed
cautiously on this.  Competing issues such as premiums paid vs. students
who paid vs. students who haven't paid but still filed a claim can get
really messy.
Best,
Glen O'Keefe
University Bursar
Associate Controller
University of Connecticut
-----Original Message-----
From: bursar-l-bounces@list.mail.virginia.edu
[mailto:bursar-l-bounces@list.mail.virginia.edu] On Behalf Of Susan
McCaffrey
Sent: Wednesday, May 23, 2007 10:01 AM
To: bursar-l@list.mail.virginia.edu
Subject: bursar-l: Health Insurance and Title IV Funds
Good Morning,
I got a request from our financial aid folks to ask around to see if any
schools have developed a system that works well to keep Title IV funds
from paying health insurance, if the student does not authorize such a
payment.
We are a Banner school.   Our Insurance detail code is set up now to 
be considered an "institutional charge", so Title IV funds do pay it
normally.  There has not, to date, been any attempt to screen students
to determine if they do not sign the authorization on the financial aid
application forms.  But we would like to do that, as skillfully as
possible.
Any great ideas out there?
Thank you,
Susan McCaffrey
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
=-=-=-=-
                         Susan E. McCaffrey
                                   Bursar
                        Greenfield Community College
                           One College Drive
                         Greenfield  MA  01301
             vox  (413) 775-1302             fax (413) 775-1329
Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/
Subscribe or Unsubscribe:
https://list.mail.virginia.edu/mailman/listinfo/bursar-l
End of bursar-l Digest, Vol 47, Issue 13
****************************************