CATS: Campus Administrative Training Series

Untitled Document

Financial Aid Guidelines AY 2008-09

Graduate Students - Object Codes - Sponsored Program Student Fee Payments

Activity:
Sponsored Program Student Fee Payments – 5870

Financial Policy: N/A

Related Policies: N/A

Additional Forms: N/A

Things to Know:

Financial aid should be budgeted according to the following expenditure object codes and descriptions that are specific to financial aid activity.

Sponsored Program Student Fee Payments – 5870

Fee remissions awarded to students on behalf of sponsored programs or special institutes should be recorded as 5870. Examples include tuition and fees paid on sponsored contract and grant accounts, fee remissions for exchange students, and fee remissions for summer institute and workshop participants.

See Contract and Grants Important Notice #97-1 for additional information. ( http://www.fms.indiana.edu/cg/imp_notice/97-1.asp ). Expense for this category is to be processed through SIS third party contracts (Office of the Bursar).

Cost of Attendance Example:

Combinations should not exceed reasonable expenses associated with a student's studies.

• Example for a full-time, non-resident, 1st Year Graduate Student for 2008-2009 academic year: $34,330

• i. Tuition and Fees: $14,698

• ii. Room and Board: $12,581

• iii. Books and Supplies: $479

• iv. Local transportation costs: $2,084

Reasonable personal expenses: $4,488

The processing guidelines indicated above for each object code category enable IU to comply with federal IRS and Title IV over award guidelines. Questions about reasonable costs may be directed to the OSFA email deptsch@indiana.edu . All pre-doctoral recipients of scholarships, fellowships and fee remissions should be made aware of the fact that these types of financial aid are counted against a student's eligibility for other types of financial aid processed by the Office of Student Financial Assistance, and that any scholarships, fellowships or fee remissions processed after May 15 preceding the academic year may lead to a reduction in other financial aid.


Activity:	Sponsored Program Student Fee Payments – 5870


Financial Policy:	N/A


Related Policies:	N/A


Additional Forms:	N/A


Things to Know:	Financial aid should be budgeted according to the following expenditure object codes and descriptions that are specific to financial aid activity.

	Sponsored Program Student Fee Payments – 5870 Fee remissions awarded to students on behalf of sponsored programs or special institutes should be recorded as 5870. Examples include tuition and fees paid on sponsored contract and grant accounts, fee remissions for exchange students, and fee remissions for summer institute and workshop participants.

	See Contract and Grants Important Notice #97-1 for additional information. ( http://www.fms.indiana.edu/cg/imp_notice/97-1.asp ). Expense for this category is to be processed through SIS third party contracts (Office of the Bursar).

	Cost of Attendance Example: Combinations should not exceed reasonable expenses associated with a student's studies. • Example for a full-time, non-resident, 1st Year Graduate Student for 2008-2009 academic year: $34,330 • i. Tuition and Fees: $14,698 • ii. Room and Board: $12,581 • iii. Books and Supplies: $479 • iv. Local transportation costs: $2,084 Reasonable personal expenses: $4,488 The processing guidelines indicated above for each object code category enable IU to comply with federal IRS and Title IV over award guidelines. Questions about reasonable costs may be directed to the OSFA email deptsch@indiana.edu . All pre-doctoral recipients of scholarships, fellowships and fee remissions should be made aware of the fact that these types of financial aid are counted against a student's eligibility for other types of financial aid processed by the Office of Student Financial Assistance, and that any scholarships, fellowships or fee remissions processed after May 15 preceding the academic year may lead to a reduction in other financial aid.