CAIS Legacy: Financial Aid Module

Financial Aid software includes the following features:

• Tracks a student's resources, expenses, and work-study earnings to determine how much aid he/she is eligible to receive.
• Each school or institute designates its own aid, resource, expense, and payroll codes. This information can later be retrieved for federal, state and institutional reports.
• Resources and expenses can be direct or indirect.
• Direct resources include the amount the student is expected to pay from their own earnings or savings and the parent contribution.
• Indirect resources influence the student's ability to pay, such as the amount of the parent's mortgage balance.
• Aid codes designate the various types of scholarships, grants or work study.
• Standard reports compare the scholarship resources available and those used by term or year.
• The Financial Aid officer can view a student's schedule and information about their billing status
• Documents required for each aid can be tracked. The program notifies you on-line if you award an aid to someone who has not provided all the required forms. Reports can also be run to list outstanding documents.
• Financial Aid can automatically be transferred to student accounts receivable billing system. The transfer routine checks the aid status code, and the hours registered to determine if the amount disbursed should be adjusted.
• Student employment and work study earnings can be entered or transferred from the Human Resource Information System. Student earnings are monitored and compared to the amount awarded.
• Loan disbursements may be tracked to compare with the award amount.