COD is Rejecting 2015 Direct Loans when the 2nd Disbursement is Cancelled
Last updated on OCTOBER 05, 2016
Applies to:PeopleSoft Enterprise CS Financial Aid - Version 9 and later
Information in this document applies to any platform.
If a student has received a Direct Loan with a fall and spring disbursement, the loan originates and is accepted at COD. The fall disburses with no issues and the disbursement is accepted at COD. Then the spring disbursement is cancelled, when the change record is created, the loan period end date is changed from the end of the spring semester, to the end of the fall. However the Payment Period Start Date that is sent to COD is still the spring semester start date since the loan still has a spring term associated with it. COD rejects the change since that date is now outside the loan period with the error code of 205 "PAYMENT PERIOD START DATE IS OUTSIDE THE AWARD BEGIN AND END DATES"
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