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Funding Types

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The following need-based and merit-based funding types are captured in Banner Student Aid (BSA)

At a high level,Ìýall need-based and merit-based student funding payments should be captured in BSA. In addition, thereÌýis some funding that, while a financial payment does not take place, results in a financial benefit to the student and as such should also be recorded in BSA. Examples of this may include things like waivers and discounts. Ensuring that this type of data is captured in BSA will provide a more accurate picture of how well our students are funded and will be imperative for accurate needs assessment.

There are currently multiple ways in which some funding reaches the student. This should be streamlined in order to ensure that all funding sources are accurately captured and recorded.

Funding Types

Processed using Award Processing Form (APF)

Processed through Accounts Receivable (Student Accounts)

Processed through HR/Payroll

To be captured and recorded in BSA

Ã山ǿ¼é Endowed or Direct Funded Awards (scholarships, fellowships, prizes) YES NO NO YES
External Agency Awards direct to student for which a finance fund is opened (may be financed by an Agency, Organization, or Company) YES NO NO YES
External Agency Awards direct to student for which a finance fund is NOT opened (may be financed by an Agency, Organization, or Company) NO YES NO YES

Student Stipends

YES NO NO YES
Loans / Bursaries / Government Student Aid NO, APF is not used, however processed in BSA via special ‘Financial Aid’ forms NO NO YES
Tuition Reductions (waivers / discounts) NO YES NO YES, in future
Employment Income (RAships / TAships) NO NO YES YES, in future
Third Party Contracts NO NO NO Some
Accounts Receivable Payments NO NO NO NO

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