Oracle Student Financial Planning Cloud:Actual Loan Fee Calculation For Cost Of Attendance
(Doc ID 2665321.1)
Last updated on JULY 10, 2020
Applies to:Oracle Student Financial Planning Cloud Service - Version N/A and later
Information in this document applies to any platform.
On : NA version, Core product
Questions regarding the actual loan fees seen after 20.4.0.
1. What was the trigger for these actual loan fees to begin calculating?
2. Can the calculation of these actual loan fees be disabled?
3. We can see the configuration in the School CSV (Total_COA_Loan_Fee_To_Add = STANDARD_LOAN_FEE and Actual_COA_Loan_Fee_To_Add = ACTUAL_LOAN_FEE). Is there a guide or documentation on what these values/options effectively do?
While the loan fees are included in the COA, the funds in the package seem to be limited to the COA exclusive of loan fees (basically, the loan fees aren’t covered by aid). The COA grid shows the loan fee amount as a “shortfall” in funds.
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