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Banner 8 Financial Aid Enhancements 8.0, 8.1, 8.2,8.2.1,8.3,8.3.1,8.4,8.4.1,8.4.2
Banner 8 Financial Aid Enhancements
8.0, 8.1, 8.2,8.2.1,8.3,8.3.1,8.4,8.4.1,8.4.2
Banner 8 Enhancements
• 8.0 has the following enhancements
– Algorithmic Packaging
– Supplemental Data Engine
– Documentation Changes
– Form Changes and New Forms
Banner 8 Enhancements
• Banner 8.2 has the following enhancements
– Scholarship and Athletics
– Self-Service Enhancements
– Form Changes and New Forms
Banner 8 Enhancements
• Banner 8.2.1 Enhancements
– ROAINST redesign
– ROAUSIO new form
– Scholarship and Athletics-phase 2
Banner 8 Enhancements
• Banner 8.3
– EDE Processing
– ISIR Print Changes
– Transfer Student Monitoring/Financial Aid History
– User-Defined Logging changes
Banner 8 Enhancements
• Banner 8.3.1 Enhancements
– Holds by Term
• Banner 8.4 Enhancements
– Financial Aid Archive and Data Purge
– New Tables
Banner 8 Enhancements
• Banner 8.4.1 Enhancements
– Database Cleanup Enhancement
• Banner 8.4.2 Enhancements
– Award Locks
– Changed Forms
Agenda
• Holds by Term
• Scholarship and Athletics
• Self Service Enhancements
• Algorithmic Packaging
• Miscellaneous Enhancements and Form Changes/New Forms
• Direct Loan Overview – set up
New Menu
Holds by Term• The Holds by Term Enhancement was delivered in 8.3.1 and is the first
phase of a larger project, which will implement term-based processing throughout Banner Financial Aid. With this enhancement, you will be able to set financial aid holds by term.
• Holds by Term Enhancement Overview
• When a hold for a term exists for an applicant, the hold will be effective for award validation when the term exists in the applicant's aid period. A hold for a term will be effective for disbursement validation when disbursing for that term. Processing for aid-year specific holds and non-aid year specific holds has not changed.
• New indicators have been added to allow you to specify the type of aid (All aid, Title IV, Federal, State, Institutional) the hold should prevent for packaging, memo, and/or disbursement. When this release is applied, the default value for the All Aid indicator is checked (Yes) to provide the functionality that was prior to this release.
ROAHOLD - modified
Holds by Term (RTVHOLD)
Additional Modified Forms
• The following forms were modified to use the new HOLD package to determine if holds exist for the applicant:
• Applicant Status (ROASTAT)
• Package Maintenance (RPAAPMT)
• Award Maintenance (RPAAWRD)
• Applicant Requirements (RRAAREQ)
RORPOST
RTVPTYP
Scholarship and Athletic Tracking
• You can now count scholarships by term and define how many terms a student can receive a scholarship. The Scholarship Term Information form (RPASTRM) was added where you can view the maximum terms, amount paid, loss of eligibility, and remaining terms of eligibility. This form displays all terms for which the student received the scholarship. The Donor/Scholarship Demographics form (RFADSCD) was added to provide you with a place to capture the following donor and scholarship information.
• The tracking of student athletic information has been enhanced by providing you with the ability to auto-populate or manually enter specific student athlete data by term on the Sport Aid by Term form (RAASPTM). In addition, Team Sport Term Aid form
• (RAITMTM) was added to provide you with the ability to identify specific team sport information by term.
Scholarship and Athletic Tracking
RAAPAGD
New Processes
• Athletic Grant Term Roll Process (RAPAGRL)
• Use this new process to roll athletic grant term information on RAASPTM from one term to the next. The following are the process parameters. When the Term parameter (Parameter 04) is R, then the Number of Terms field on RAASPTM is incremented by 1. When it is equal to S, then the Summer Terms field is incremented by 1.
• Athletic Aid Discrepancy Report (RARATAD)
• Use this report to display the discrepant information between the actual fund/resource amounts and the reported amounts on RAASPTM. This report should be used to determine if a student’s award information has been updated since this information was originally reported to Athletics.
Sport Aid by Term (RAASPTM)
Sport Aid by Term (RAASPTM)
RAASPTM
RAASPTM
RAASPTM
RAASPTM
RAASPTM
Team Sport Term Aid (RAITMTM)
Donor/Scholarship Demographics (RFADSCD)
Scholarship Term Information (RPASTRM)
Athletic Aid Type Validation (RTVAATP)
Financial Aid Sport Validation (RTVFASP)
Grades to Donor Validation (RTVGRDD)
Scholarship Source Validation (RTVSSRC)
Reviewed Validation (RTVREVW)
Thank You Letter Validation (RTVTYLT)
Financial Aid Self Service
• The Banner Financial Aid Self Service enhancement was delivered with 8.2 and includes new functionality in a number of areas: including, awards, emails, and lenders in FFELP.
• A new Web Processing rules tab has been added to the ROAINST form to allow you a several options on the type of information you want to display in Self-Service.The Award for Aid Year page in Self-Service has been modified to provide several tabs with information that may be displayed; options are provided through the Web Processing rules for displaying these tabs as well as the data that is displayed
• - You now have the ability to display text including variables to pull applicant specific data based on rules using the Web Text validation, rules, and tab forms in Banner. The text may be defined to display on specific tabs on the Award for Aid year in Self-Service.
Financial Aid Self Service
• - The ability to require an applicant to complete Terms and Conditions prior to them accepting awards has also been provided. You will establish a tracking requirement which will be satisfied when the Terms and Conditions are accepted. You may also create questions and define answers for the applicant to complete and can also stipulate that a specific answer will stop the applicant from moving forward with the electronic award process and accepting/declining awards in Self-Service.
• - A Print functionality has also been added for printing an Award letter using the Award information in Self-Service. Additionally, you may also choose the option to print the Terms and Conditions along with the award.
• - A new process has been added, ROREMAL, to provide you the capability of sending an email using a population selection so you may provide a notice that awards are ready to review or changes to awards have been made.
• - Additionally, modifications have been made so you can inactivate lenders who are no longer participating in the FFEL program. With this change, the ability to select a lender for display in Self-Service, has also been provided. You may provide the ability for an applicant to select a lender if one does not exist for the applicant in Self- Service; the information submitted would then update the new table and be used by the Electronic loan application process (RPRELAP).
Financial Aid Self Service Menu
Financial Aid Self Service Menu
Financial Aid Self Service Menu
ROAINST
RTVWEBQ
RORWBQA
RORWBAQ – Answer Rules Tab
RORWTAB
RORWTXT
RORWTXT
RTVWTXT
RORWVAR Web Variables Form
RPAINFO
RPRLNDR - modified
SSB – what the student can see
Algorithmic Packaging
• Packaging is a fundamental activity for all Financial Aid offices in the administration of financial aid.
• Key to leveraging scarce financial resources to attract the targeted incoming class each year, as well as successfully supporting the enrollment management retention goals, is the ability to systematically package students according to an institution’s awarding philosophy.
• A cornerstone of Enrollment Management, packaging should provide the ability to match the institution’s awarding philosophy directly to the actual awards offered to the prospective students in order to successfully harvest the ideal class and award returning students accordingly.
• If an institution cannot package according to their awarding philosophy, they are forced to sacrifice their philosophy and yield rates based on the limitations of software functionality or perhaps continue to package students manually.
• Manual packaging is not reasonable for most institutions since it is a cumbersome process and lends itself to errors.
• Enables predictive modeling to support an institution’s enrollment.
• Provides a management strategy to help an institution manage complex calculations to award the right funds to the right students.
• Allows an institution to package multiple financial aid awards based upon configurable rules and calculations that support an institution’s awarding philosophies.
• Includes the addition of new functionality to allow the use of algorithms as part of the fund awarding sequence within the current packaging process.
Algorithmic Packaging
RPRALGR
RTVALGR
Options with Algorithmic Packaging
• Awarding Based on Other Funds
• Using algorithms and parameters, you can now limit funds to specific amounts based upon other funds, fund sources, or fund groups.
• Award a Fund Based on a Percentage of Another Fund
• You can now award a fund based on a percentage of other funds within a packaging group.
• Simplification of Rules Creation and Maintenance
• Using algorithms and parameters, rules creation and maintenance was simplified in order to reduce the number of packaging groups required. Algorithms can be performed at the packaging group level, in addition to the fund level.
• Ability to Store and Reference Internal Interim Values in Packaging Rules
• The Algorithmic Packaging Rules Form (RPRALGR) allows you to reference internal interim values in SQL statements. These internal interim values are created and referenced in the new Temporary Packaging Need Table (RPTNEED) table. The RPTNEED table is a temporary table which temporarily stores need analysis data for use in algorithmic packaging rules. A row is inserted into the table for each student that is processed prior to packaging the student and is deleted after the student is processed.
RPRGFND - modified
Miscellaneous Enhancements
• New Forms
– Packaging Group Fund Category Maximums Rules Form (RPRFCAT)
– Fund Category Validation Form (RTVFCAT)
– Fund Award Inquiry Form (RPIFAWD)
– Fund Award Term Inquiry (RPIFTRM)
RPIFAWD
RPIFTRM
Modified Forms-RRAAREQ
Modified Forms-RRAAREQ 3rd tab
RBAABUD
RFRBASE-Modified
RFRBASE - modified
ROAMGMT - modified
ROAUSIO tab 1
ROAUSIO tab 2
ROAUSIO tab 3
ROAMESG
Fund Sequence History-RHIAFSH
RPAFCAT
RFRMGMT – modified
RORRULE modified
RPAAPMT - modified
RTVTREQ - modified
ROIASIQ
Direct Lending Set-up Overview
• Setting up Direct Lending in Banner 8
• the key requirements for direct lending as a component of Banner are to :
• perform loan origination activities
• maintain loan origination change logs for corrections processing
• print promissory notes for subsidized, unsubsidized, and PLUS Loans
Direct Lending Set-up Overview
• perform promissory note tracking
• perform disbursement eligibility and processing
• perform reconciliation functions
• generate reports and lists.
Loan Processing Menu
ROAINST/ROAUSIO
Set up Terms with Aid Periods
Verify Award Disbursements
RPIFEDR Set up
Setting up Loan Funds
RFRMGMT Set up
Packaging (RFRMGMT)
Disbursement (RFRMGMT)
Detail Codes
RPROPTS
RPRCLSS
Status Codes
Loan Periods
Loan Periods
Loan Originations
First-Time Borrowers
First Time Borrowers
Set Up User Defaults
Day to Day steps
• Manually or Auto-package Direct Loan Funds for Subsidized, Unsubsidized, and PLUS to a student.
• Create Loan Origination. (RPAAWRD, RPRLORC, RPALORG)
DL Loan Origination Process
