Annual Student Loan Acknowledgment (ASLA)/Informed Borrower Completion no Longer Required for Authorization/Disbursement in Aid Year 2022
(Doc ID 2759138.1)
Last updated on SEPTEMBER 06, 2021
Applies to:PeopleSoft Enterprise CS Financial Aid - Version 9 and later
Information in this document applies to any platform.
The Department of Education published an announcement (linked below) that, effective with the 2021-2022 Award Year, institutions no longer need to ensure students have completed their ASLA/Informed Borrower information prior to allowing disbursement of Direct Loans.
Normally, when the Informed Borrower information has not been completed, two behaviors may be observed:
- The Generate Direct Loan Data (DLOUT) process fails validation for the loan with edit DLOVL062, "Informed Borrower process not completed"
- The item type will fail to authorize.
How can this functionality be disabled for aid year 2022, or will new code need to be delivered?
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