Set Award Limits

Use the Set Award Limits page to establish the maximum allowable award amounts for fund sources.

Students are packaged by the academic year in Anthology Student. Hence, the maximum award limits defined by Title IV regulations for award years are not taken into consideration.

To prevent awarding more than one Pell grant during an award year and to designate a limit of one award per award year for other fund sources in Anthology Student, you can select:

  • An award year
  • Any of the fund sources normally available
  • Set a maximum amount associated with the award

Prerequisites

Authorizations:

  • Financial Aid - Settings - View

  • Financial Aid - Settings - Manage

To edit an item associated with multiple campuses, you must have access to all assigned campuses. If you have access to only some of the campuses, you can view the item but cannot edit it. When adding an item, you can select only campuses you can access.

Access

Settings > Financial Aid > Set Awards Limits

Set Award Limits

  1. Review, specify, or change the values.

    Award YearClosed Select an award year from the list. This award year applies to the selected campus locations.

    CampusesClosed The campus or campuses to which a person or item is assigned. It is filtered to display the campuses to which you have access. In some cases, it is also used to filter a list to only those items for the campus. In some lists, you can select more than one campus or select All. In lists that display columns, if the column contains more than one campus, you cannot sort or filter on that column.

    Fund SourcesClosed The fund source associated with the award against which the refund is scheduled. If your institution uses fund source security, you must have permission to work with the fund source.

  2. Select Apply Filters. Anthology Student displays the maximum allowable award amounts for the selected fund sources.

    Campus Closed The campus or campuses to which a person or item is assigned. It is filtered to display the campuses to which you have access. In some cases, it is also used to filter a list to only those items for the campus. In some lists, you can select more than one campus or select All. In lists that display columns, if the column contains more than one campus, you cannot sort or filter on that column.

    Fund SourceClosed Name of the fund source associated with the credit transaction. This field is populated only if the credit transaction is associated with a Financial Aid award.

    Maximum AmountClosed Specify the maximum amount for each fund source. The maximum limits are defined in the packaging method setup. If this feature is selected, it supersedes the maximum limit defined in the packaging method setup.

    One Award Per YearClosed Select Yes or No to enable or disable the One Award Per Year option associated with the fund sources. If you indicate that only one award from a fund source for the Award Year is allowed, the system prevents users from adding additional awards for the fund source. Validation occurs at the student level rather than the enrollment level.

  3. Take the appropriate action.

    Action Steps to follow

    Copy to award years

    1. Select Copy to Award Years. Anthology Student displays the Copy to Award Years dialog.

    2. Select Yes or No from the Copy to Award Years drop-down.

    3. Select Save.

    Assign one award for all

    1. Select One Award for all. Anthology Student displays the One Award for all dialog.

    2. Select Yes or No from the One Award Per Year drop-down.

    3. Select OK.

    Assign the maximum amount for all

    1. Select Max Amount for all. Anthology Student displays the Max Amount for all dialog.

    2. Enter a numeric value.

    3. Select OK.

  4. Save your changes.