Financial Administration

Program and Sub-Program Codes and Definitions - Act. 9

FINANCIAL AID (9)


Financial Aid--Functional Definition:

All forms of financial aid assistance to students including scholarships, fellowships, and loans.

Sub-Programs include:

Scholarships
Fellowships
Loans

Scholarships--

Includes outright grants-in-aid, trainee stipends, tuition and fee waivers, and prizes to undergraduate students.

Fellowships--

Includes outright grants-in-aid and trainee stipends to graduate students. It does not include funds for which services to the institution must be rendered, such as payments for teaching.

Loans--

Includes student loan activity in funds 134, 147, 151, 152 and 405.

Additional Instructions

  1. Student achievement awards may be included under Student Services, Instruction or Financial Aid depending on the source of funds used to make the award, the coding of the awarding unit and the purpose of the award.