The following need-based and merit-based funding types are captured in Banner Student Aid (BSA)
At a high level, all need-based and merit-based student funding payments should be captured in BSA. In addition, there is 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 |
|---|---|---|---|---|
| McGill 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 |