Pell1 Yearly Limit Exceeded by $.01 With Repackaging and Rounding Option of NONE
(Doc ID 2561523.1)
Last updated on JANUARY 24, 2020
Applies to:PeopleSoft Enterprise CS Financial Aid - Version 9 and later
Information in this document applies to any platform.
Pell1 is awarded allowing cents, and in single term amounts, for the (leading) summer, fall, spring and (trailing) summer. When awarding or (re)validating the last term amount via a repackaging plan, the assigned amount will be $.01 too much, which will cause the student to exceed the maximum allowable yearly amount and lead to COD rejecting the record.
The problem does not occur with other modes of packaging - manual awarding, or using (regular) packaging plan. It also at this point appears isolated to the unique situation where a student is awarded 100% Pell1 over four terms in the aid year.
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