Federal Student Aid - IFAP
   
PublicationDate: 4/9/99
Summary: Tip of the Week --- Packaging Aid Types
Author: CPS - Central Processing System (CPS)


Posted on April 9, 1999

TO: All EDExpress Users
FROM: CPS Customer Service
RE: Tip of the Week --- Packaging Aid Types

This week's tip highlights a specific feature or process in the EDExpress software: Packaging Aid Types

In the Packaging module of EDExpress for Windows, funds are defined under Tools/Setup/Packaging/Fund Maintenance. Aid Type is a required field to save a fund profile. The Aid Type value tells EDExpress the kind of fund you are creating, and in some circumstances will ensure federal eligibility requirements for awarding limits are followed. Selecting the correct Aid Type is critical.

To print a list of valid Aid Type codes, go to "Help/How do I...?/Index" to the topic "Aid Type (Fund Maintenance dialog box)". A list of Aid Type codes can also be found on pages 24-25 of your 1999-2000 Packaging Desk Reference.

Aid types such as "F" (for Federal Pell Grant), "S" (for Stafford Subsidized loan) and "U" (for Stafford Unsubsidized loan) govern how these funds are awarded during the package process. For example, EDExpress will check the Pell eligibility flag on a student record, as well as the Pell parameters defined in the Academic Year Profile attached to the record, before awarding any Pell funds. The software will check need and college grade level to award Subsidized and Unsubsidized loans. This saves you time from having to create queries to correctly award these funds. Other aid types, such as "G" (other grants, excluding SEOG), "W" (for Federal Work-Study) and "K" (for Federal Perkins loans) check the awarding percentages in your Academic Year Profile.

If you have any questions, please contact CPS Customer Service at 1-800-330-5947, option 7, or via e-mail at CPS@NCS.COM.