For U.S. schools, the Federal Aid Year runs from July 1 to June 30. We have hard-coded this into how Populi handles Financial Aid. So, for example, if a student applies for the 2011-2012 Aid Year, he's applying for Aid that he'd get between July 1, 2011 to June 30, 2012. For Canadian schools, we can set up custom Aid Years if so desired.
Aid Year Schedules help you streamline the process of adding disbursement dates and amounts on student accounts.