Financial Aid Budget Rules

Financial Aid Budget (Cost of Attendance) rules can be automatically assigned to a student during the EDE ISIR import or EDE Award Import. As part of the import process, CAMS will apply any of the rules that have been previously defined. The actual budgets are defined in Financial Aid Yearly Setup, Budget Costs. Prior to defining budget rules, it will be necessary to setup Academic and Financial Aid Years, and Direct Cost Type.

To create a Budget Rule:

Open the Budget Rules window by clicking Financial Aid >Setup >Budget Rules.
Right click in the data grid to add a new rule (double click existing record to view details of entry).
Select Academic Year and a correlating Financial Aid Year.
Set the Direct Cost Type. This is the value that will be assigned to students meeting the defined criteria.
Continue by setting the conditions that apply to the group of students you wish to include

Student GPA Group
ISIR Fields
Custom ISIR Fields

Click Add to save record.
Before leaving this window, you will need to test the rule that was just created. To do this, select the rule by highlighting it.
Find a student that fits the criteria defined in the rule.
Click Test to run the rule against the selected student record. If the rule is successful, a value will be inserted in the Direct Cost Type field (labeled in red). If the field is blank, the student did not meet the criteria. If incorrect syntax has been entered in the rule (typed in the free form fields), an error indicating such will be displayed.