Benefits>>Education Support>>Support Programs>>Study Loans/Scholarships
Study Loans/Scholarships
This feature records the disbursement of funds provided to employees for educational purposes, whether as loans or scholarships. Each employee is allowed one disbursement, ensuring accurate tracking and allocation of resources. Additionally, the system references records from the Proposed Disciplines of Study to ensure alignment with approved fields of study.
How does it work?
Click the New Record link and select the employee record from the drop-down list. All data previously entered will be displayed. You are not allowed to edit this data. Complete the additional fields and save your entry and it will be displayed in the list. Repeat the process to enter additional records.
Enter a Study Loan/Scholarship Record
Amount Disbursed $: This must be less than the Amount Approved $.
Balance $: (Amount Approved less the Amount Disbursed) will be calculated and automatically displayed. You are not allowed to edit this field.
An employee can only have one Study Loan/Scholarship record.
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