The Third-party Billing enhancement modified the Banner Accounts Receivable product in order to provide additional flexibility when defining contract and exemption rules. Students must register for a specific course, subject, or CRN or achieve a specific test score in order to receive payments from the contract or exemption, if course requirements are established. Additionally, the exemption processing was expanded to allow a student to be assigned to multiple exemptions in one term. Access to contract and exemption information from AR transaction forms was improved. It automatically assigns holds, releases or removes holds, or both assigns and releases holds.
Users can put any hold on any population using the population selection parameters.
A new rule form has been created to allow the user to define rules for placing accounts on hold. Release 4.0 includes both the Financial Aid 4.0 and 4.1 releases. The Financial Aid Release 4.1 is the regulatory-compliant version of Banner2000 for the 4.x environment. Please note that the following description applies to the regulatory requirements included in the Banner Financial Aid 4.1 release and not in the Banner Financial Aid 4.0 release. The Summer Regulatory Update is a required release of the Banner2000 Financial Aid System in order to disburse records through the new RFMS System.