9.2 Steps to Creating a New Financial Aid Item Type

Purpose: Use this document as a reference on the flow of how new Item Types are created.

Audience:  Financial Aid Staff, Finance/Student Financials Staff

The below swim lane chart shows in what order and responsibility creating a new financial aid item type occurs.  

Creating a new financial aid item type flow chart
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(College FA) Step 1:

Usually, Financial Aid is the initiating department to request a new Item Type.  For example, sometimes a new scholarship item type is needed, or a new grant through the college's Foundation needs to be built into an Item Type.  The Financial Aid Director should initiate a meeting with Finance and/or Student Financials to define the Item Type parameters.

Unless the funds are coming down from the federal level (i.e., HERFF, CARES) Financial Aid is typically the initiating department for Item Types.  If the funds are coming down from the Federal level, typically, these are initiated by State Board and communicated to the colleges when they are built.

(College FIN/SF) Step 2:

The Finance/SF Director(s) and Financial Aid Director need to define:  Payment Priority, GL Chartstrings, Account Types (Debit, Credit), Charge Priority Lists, and box 5 1098-T information.  Once this information is defined, and approved by both Finance/SF Director(s) and the Financial Aid Director, FIN/SF opens a SBCTC Helpdesk ticket, and completes the Item Type form that is attached in the SBCTC Helpdesk ticket.  

(SBCTC) Step 3:

State Board Functional Team(s) receive the Financial Aid Item Type request ticket, and reviews.  SBCTC may reach back out to the client to request clarifying information.  Once SBCTC Functional Team is satisfied with the request, the Item Type is created on the Student Financials Item Type configuration page.  SBCTC then notifies the college the Item Type has been created.

(College FA) Step 4:

Once the college receives updates in the SBCTC Helpdesk ticket that the Item Type has been created, college FA staff can create the Item Type in the Financial Aid Item Type configuration page.  Once satisfied with the creation of the Financial Aid Item Type, then reach back out to SBCTC to close out the ticket.

(SBCTC) Step 5:

SBCTC then closes out the Helpdesk ticket.

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