Will Functionality be Delivered for New Federal Regulations Regarding Transcript Withholding When Students Have Received Title IV Aid and Owe a Balance?
(Doc ID 2993110.1)
Last updated on DECEMBER 18, 2023
Applies to:PeopleSoft Enterprise CS Student Financials - Version 9.2 and later
PeopleSoft Enterprise CS Student Records - Version 9.2 and later
PeopleSoft Enterprise CS Financial Aid - Version 9.2 and later
Information in this document applies to any platform.
There is a new Federal requirement that mandates students who have Title IV funds and owe a balance should not get their transcript withheld.
The current transcript functionality does not take into consideration any financial information, however, the new Federal regulation requires that Title IV funds disbursed get taken into consideration if a student still has a remaining balance.
Will new functionality be delivered to meet this new Federal regulatory requirement?
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