We do our financial aid on an percentage hourly rate. For example, if a student receives 50% financial aid and they're taking 9 credit hours (at $475/hour), their award would be $2138 for that term. Each student who receives hourly financial aid has two different percentage options: a full time or a part time. The part time award percentage is half of the full time award percentage. Currently I am having to manually do the math and then apply the award to each student.
1. Could an award, instead of being offered only as a net amount, be offered as a percentage?
2. Or could we create some type of per-hourly based award. In which, I could input the hourly amount and the number of hours, and it would do the math and add the award to the student's account.
Date
Votes
5 comments
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Dee McOwen Wouldn't option 2 be better if you didn't need to enter the number of hours, but Populi looked to the number of credit hours a student is enrolled for? Could these be set up according to the SAP status of full-time, half-time, and less-than-half-time? The more automated the system, the less risk for error.
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Andrew Sears I agree this is needed. Here is our use case.
We provide different categories of students various percentage discounts. For instance students from a partner organization get a 50% discount on tuition.
It appears that your award framework only allows us to issue financial aid awards for fixed amounts.
We could use fixed amounts Populi could provide scholarships that are fixed amounts per course. For example our courses cost $700/course, and we could offer a $350 discount per course. If the student takes two courses, they would get a $700 scholarship, and if they took one, the would get a $350 scholarship.
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Jan Lingua This would be helpful! We usually have a maximum though, for example. 35% up to 6 hours.
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Cyndi Myers yes! I put in a request a while ago for this same functionality but just found this request!
I want to be able to award scholarships based on a percentage also!
To receive all of our awards, you have to be enrolled full time, but I would love for Populi to look at how many credits a student is enrolled in and multiple that by the tuition rate ($540/credit) and multiply that by the scholarship rate (50%) to give the total award amount for the semester.
PLEASE!!!!!!! :)
I would vote for this 1000 time if I could!
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Carlos Marin Financial Aid based on % would be very helpful.
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