Simulating Origination of Federal Loans

Before originating federal awards to COD, you can simulate the process for any individual student directly from within their record. This can be a helpful way to resolve errors prior to originating awards for a batch of students.

This option is found under the Tools menu on each of the federal award data pages found under Packaging in the student record.

Tools menu open displaying options for Master Promissory Notes and Simulate Origination

To simulate origination of a student's Federal Loans, complete the following steps:

  1. Search for and select the student record you want to view. For more information see Searching for Student Records.
  2. Expand the Packaging options in the middle navigation menu and select Federal Loans.

Similarly to all other packaging data pages on the student record, the Federal Loans page allows you to easily switch between data for different academic years a student is enrolled in. Whenever navigating to this page, ensure the appropriate academic year is selected from the list under the Federal Loans header.

  1. From the Tools menu under the page header in the upper-right, select Simulate Origination to open the Simulate Origination window.

    Tools menu open displaying options for Master Promissory Notes and Simulate Origination

  2. Wait for the process to complete. The simulation will begin automatically when you open the window and may take a few minutes to run. It will run for all loans associated with the selected academic year. You will see a green success message in the upper right of the application when the process starts and again when it finishes. Then the window will automatically update to show the results.

Once the simulation has finished running the results are displayed in the window.

Simulation Origination window open with results

If the result is Not Exported, the reasons why are explained in the Details column. You can use this information to correct errors before including the student in an origination export.

Awards can also be expanded to view further details.

Simulate Origination window open with the transaction details expanded

Note: Origination simulations completed within the student record are not tracked in the results reports within the Import/Export module. Upon closing of the Simulate Origination window, the results report will no longer be available.