CATS: Campus Administrative Training Series

Untitled Document

Financial Aid Guidelines AY 2008-09

General Information

Activity:
General Information - Reviewing Your Current Use of Object Codes

Financial Policy: N/A

Related Policies: N/A

Additional Forms: N/A

Things to Know:

Please review your current use of financial aid object codes across all fund groups to ensure that they comply with guidelines. In cases where object code usage for actual expenditures needs to be updated, it may be necessary to coordinate changes to Student Information System (SIS) item types, which are used to process awards for students in the financial aid and student financials (Bursar) systems. Questions regarding SIS item types and their setup for the student financials accounting feed can be directed to Laural Leonard or Bryce Fichter in the Office of Student Financial Assistance (OSFA) email: deptsch@indiana.edu . New item types may be requested via the online item type request form available on the OSFA website, www.indiana.edu/~sfa . Requests to change the IU account tied to a specific item type may be requested via the online account change form also available on the OSFA website.

For questions about:

• Tax implications of scholarships, fellowships, and fee remissions, students should be referred to IRS publication 970.

• International students should be referred to: http://www.fms.indiana.edu/tax/NRA/Scholarship_stud.asp .

• For departmental scholarships, students are directed to contact the respective department that processed the scholarship.

IU summarizes scholarships and fellowships received by students for tax purposes on a 1098-T report available to students through OneStart.


Activity:	General Information - Reviewing Your Current Use of Object Codes


Financial Policy:	N/A


Related Policies:	N/A


Additional Forms:	N/A


Things to Know:	Please review your current use of financial aid object codes across all fund groups to ensure that they comply with guidelines. In cases where object code usage for actual expenditures needs to be updated, it may be necessary to coordinate changes to Student Information System (SIS) item types, which are used to process awards for students in the financial aid and student financials (Bursar) systems. Questions regarding SIS item types and their setup for the student financials accounting feed can be directed to Laural Leonard or Bryce Fichter in the Office of Student Financial Assistance (OSFA) email: deptsch@indiana.edu . New item types may be requested via the online item type request form available on the OSFA website, www.indiana.edu/~sfa . Requests to change the IU account tied to a specific item type may be requested via the online account change form also available on the OSFA website.

	For questions about: • Tax implications of scholarships, fellowships, and fee remissions, students should be referred to IRS publication 970. • International students should be referred to: http://www.fms.indiana.edu/tax/NRA/Scholarship_stud.asp . • For departmental scholarships, students are directed to contact the respective department that processed the scholarship.

	IU summarizes scholarships and fellowships received by students for tax purposes on a 1098-T report available to students through OneStart.