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Administrator Guide
Last Updated: 2023-06-23
Create Disbursement Schedules

Create Disbursement Schedules

Security:
Set Up: Disbursement
 domain in the Financial Aid functional area.
You can define time frames that are based on an offset of days from a selected timepoint in the payment period to disburse student awards and sponsor contracts.
  1. Access the
    Create Disbursement Schedule
     task.
  2. As you complete the task, consider:
    Option Description
    Include Nonstandard Academic Periods
    Select when you want to use the disbursement schedule for students enrolled in nonstandard academic periods (modules).
    Disbursement Schedule Type
    Select a point in time off which to base your anticipated disbursement date. The
    Begin Date of Payment Period
     and
    End Date of Payment Period
     options correspond to the start and end dates of the academic period.
    When you select
    Calendar Midpoint of Payment Period
     and the academic period includes an odd number of days, Workday rounds up the number of days.
    Anticipated Disbursement Schedule
    The number of days before or after the disbursement schedule type that Workday can disburse the award. Enter a positive or negative value. Example: When you select
    Begin Date of Payment Period
     and want to disburse payments up to 10 days before the start of the academic period, enter -10.
Workday uses the disbursement schedule to determine when:
  • To disburse student awards automatically during the Student Nightly Job Orchestration.
  • You can manually disburse student awards or sponsor contracts.
Create disbursement schedule rules.