This release upgrades FINANCIER for 2014-15 COD reporting, using XML Schema 4.0a. It incorporates new tags for Direct loan and TEACH grant export and import, as well as some format corrections needed to meet the more exacting validation standards recently introduced by COD.
For the Direct loan export, new tags relating to calculation of subsidized usage are required in the award block and disbursement blocks. New tags at the award level include:
New Export tags at the disbursement level (up to 12 blocks) include:
This information is retrieved via an institutional interface using a new subprogram, Federal Export Data Retrieval (WFFID15N), which is called when needed by the FINANCIER Disbursement process (batch and online) and Direct Loan Export (WFDLN15B). Except for Enrollment Status, which is stored in the Loan Disbursement file (WF-LOANDSB) when first retrieved on actual disbursement, none of this data is stored in FINANCIER. WF-LOANDSB is modified to store the Enrollment Status field (WF-LD-ENR).
COD requires a current enrollment status to be reported the first time that an actual disbursement is reported; it should reflect the student's enrollment on the date of the first actual disbursement of the loan for the payment period, and should be changed only if the value originally reported is not accurate as of that date.
When a loan is disbursed in FINANCIER, the Disbursement process first checks to see whether an enrollment status has already been stored for the pertinent disbursement point. If it has, no change is made; if it has not, it captures the current enrollment status, via a call to WFFID15N which retrieves the information from your institutional interface, and stores it for the disbursement point in the Loan Disbursement file.
When the Direct Loan Export runs, it checks the Loan Disbursement file for the enrollment value. If one is found, it is reported; if it does not exist (as for an origination, or other reporting of anticipated disbursements), it calls WFFID15N to retrieve the enrollment status, which is reported but not stored in FINANCIER.
The new disbursement enrollment status is displayed for each disbursement point on the Loan Summary screen. It can be updated manually online.
FINANCIER will store information from two new tags returned in the Direct Loan Import, in the Student block:
For the TEACH grant export (WFTCR15N), new tags at the disbursement level (up to 12 blocks) are:
Export handling is the same as for Direct loans: WFFID15N is called to retrieve the enrollment status and CIP values for reporting. Currently nothing is stored. A subsequent release will provide the ability to store the enrollment status by disbursement point at the time of disbursement authorization.
The new Export tag <PaymentPeriodStartDate>, which applies to DL, Teach and Pell will not be implemented in FINANCIER. (Schools are required to send this tag only if they are no longer eligible for Pell.)
Per discussion with clients, the extended unsubsidized loan type is now obsolete. Corresponding fields have been removed from the Loan Summary screen and the Loan Types screen no longer accepts entry of an extended unsub fund ID.
....
2 BP WF-LD-ACK A 1 N
2 BQ WF-LD-ACK-DATE D 6 N
EM=MM/DD/YYYY
add-> G 1 BS WF-LOANDSB-ENROLL
add-> 2 BT WF-LD-ENR A 1 N
1 BR WF-LOANDSB-KEY A 19 N S
* -------- SOURCE FIELD(S) -------
* WF-AID-YEAR(1-4)
* WF-FAO(1-2)
* WW-STUDENT-ID(1-9)
* WF-LOAN-ID(1-2)
* WF-LOANDSB-ID(1-2)
....
Value Description S Subsidized U Unsubsidized X RET - Extended Unsub(Former value translations for S and U, "Subsidized Only" and "Subsidized and Unsubsidized," do not properly reflect the use of the Request Type; for some time now subsidized and unsubsidized student loans have been processed only on separate applications. The Extended Unsub value is now obsolete and is being retired.)
Value Description X RET - Extended Unsub(The Extended Unsub value is now obsolete and is being retired.)