The University of Memphis

Processing a Registration Loan in CASHNet - Guidelines for Bursar Staff



BFGuide

Issued: Jan 26, 2004
Responsible Official: Assistant Vice President, Finance
Responsible Office: Bursar
Purpose

 To provide Bursar Office staff with the steps necessary to process a Registration Loan in the CASHNet System.

Contents
Procedures
Contacts
Procedures

Processing a Registration Loan in CASHNet
  1. From CASHNet main menu, select "5" for Financial Aid Disbursements
  2. Enter "F" for Financial Aid Manual Award
  3. Enter "A" for Add new record
  4. Enter Student ID Number (Social Security Number)
  5. Enter the session code.  I.e. 03F for Fall 2003
  6. Enter the fund code of 70365
  7. Enter the amount of loan (25% of mandatory registration fees, incl. maintenance, debt service, general access, activity, out-of-state, business/engineering course fees, course materials fees)
  8. Press F5 to move the cursor to the award section.
  9. Arrow down to the first blank line
  10. Enter "3.0" at "units"
  11. Enter the amount of the loan.
  12. Press ESC to complete the transaction
  13. The loan has now been awarded to the student and will show up on the disbursement screen as "disbursable."
  14. Complete the promissory note, having student sign in the appropriate place.
  15. Initial and date application form, indicating that processing is completed.

Student's ResponsibilityThe student must pay his/her 25% of registration fees at the time the loan is processed.  Recommendation: Have the student sign the promissory note for the amount of the loan, take to cashier and pay, then return with receipt before loan information is entered into CASHNet.

Contacts

Bursar's Office

http://bf.memphis.edu/finance/bursar/staff.php


Revision Dates

  (Working Guideline Number: 10290)

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