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Element Name 
Meet Need Cost Code 
Element Description 
Set up to indicate how need is adjusted or reduced when the an award is made from this financial aid item type. Financial Aid maintains an unmet need balance (COA minus EFC minus aid awarded) and an unmet COA balance (COA minus aid awarded). 
Data Element Type 
 
Element Size 
0.000000 
Valid Values 


"1" = Straight Need/Cost: The awarded amount affects both the unmet need and unmet COA balances.

"2" = Need Only: The awarded amount affects only the unmet need balance.

"3" = Cost Only: The awarded amount affects only the unmet COA balance.

"4" = Special Need/Cost: The Packaging routine first determines if unmet need exists. The system always reduces unmet need first. Then the routine compares the remaining unmet COA against the student's EFC and awards up to the lesser of the two. This is the preferred attribute for Unsubsidized Stafford and PLUS loans. Special need/cost aid reduces both the unmet need and unmet COA balances.

"5" = Conditional: Indicates an award made without regard to budget or need if federal aid has not been = Cost Only: The awarded amount affects only the unmet COA balance.

"6" = No Effect: The awarded amount does not affect the unmet need or unmet COA balances. Be very careful with this option!




 
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PeopleSoft Table Record 
Item_Type_FA
Item_Type_FA
Item_Type_FA 
PeopleSoft Field Name 
Meet_Need_Cost
Descrshort
Descr 
Data Warehouse Answers Section 
CSW - Student Financials Services - Award Disbursement
 
Data Warehouse Table 
Fin Aid Item Type
Fin Aid Item Type
Fin Aid Item Type 
Data Warehouse Field 
Meet Need Cost Code
Meet Need Cost
Meet Need Cost Desc 
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Date Issued 
0000-00-00 
Date of Last Update 
2022-06-20 01:52:56 
Change History 
 
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CS-FA 
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Reports 
Status 
Approved