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<p class="MsoNormal">Hi all,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><u>BFET Placeholder Item Types<o:p></o:p></u></b></p>
<p class="MsoNormal"><b><u><o:p><span style="text-decoration:none"> </span></o:p></u></b></p>
<p class="MsoNormal">We’ve been working on creating global BFET item types that can be used when a BFET award needs to be reflected on a financial aid award for a student, but the method of payment is not through the Financial Aid office (i.e. AP Check or PCard).
This way, the award can be reflected on the students Financial Aid award without paying to the student account. We’re excited to announce that the following item types were approved for use and are ready to be setup at your college, if needed.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="1091" style="width:818.45pt;margin-left:49.45pt;border-collapse:collapse">
<tbody>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001410<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Books Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001420<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Equipment Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001430<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Transportation Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001440<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Childcare Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001470<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Testing Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001480<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Housing Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001490<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Clothing Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001495<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Utilities Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001497<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Vision/Dental Placeholder<o:p></o:p></span></p>
</td>
</tr>
<tr style="height:11.75pt">
<td width="104" nowrap="" valign="bottom" style="width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal" align="right" style="text-align:right"><span style="color:black">912000001498<o:p></o:p></span></p>
</td>
<td width="987" nowrap="" valign="bottom" style="width:740.45pt;padding:0in 5.4pt 0in 5.4pt;height:11.75pt">
<p class="MsoNormal"><span style="color:black">BFET Personal Hygiene Placeholder<o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The rules surrounding these Item Types are as follow:<o:p></o:p></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoNormal" style="mso-list:l0 level1 lfo1">Non-disbursable – Item Type needs to be setup as “Disbursement Method = No”<o:p></o:p></li><ol style="margin-top:0in" start="1" type="a">
<li class="MsoNormal" style="mso-list:l0 level2 lfo1">Item Type will not disburse to the student account and therefore will not pay charges<o:p></o:p></li></ol>
<li class="MsoNormal" style="mso-list:l0 level1 lfo1">Refundable = No (as all BFET Item Types should be)<o:p></o:p></li></ol>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">BFET Tuition is not an allowable placeholder Item Type. Tuition and Fees should be charged by the college and paid by the financial aid Item Type
<span style="color:black">912000000400 – BFET Tuition.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If you’d like to setup placeholder Item Types then please file a ticket under the category “ctcLink Support > Campus Solutions > SF FA > Item Types” and include the signed item type request form with your request.<o:p></o:p></p>
<p class="MsoNormal"><b><u><o:p><span style="text-decoration:none"> </span></o:p></u></b></p>
<p class="MsoNormal"><b><u>Sequestration Loan Item Types (NEW FEE)<o:p></o:p></u></b></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Guidance from the DOE is that loan fee rates for loans disbursed on or after Oct. 1, 2020 and before Oct. 1, 2022 remain the same at 1.057. Our recommendation is to not use the New Fee Item Types for AY 2021-2022 and that the sequestration
process does not need to be utilized to convert loans that have not disbursed prior to Oct. 1, 2021.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Link to the EA: <a href="https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2021-05-17/fy-22-sequester-required-changes-title-iv-student-aid-programs-ea-id-general-21-31">
https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2021-05-17/fy-22-sequester-required-changes-title-iv-student-aid-programs-ea-id-general-21-31</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Please let us know if you have any questions.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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</v:shapetype><v:shape id="Picture_x0020_1" o:spid="_x0000_s1026" type="#_x0000_t75" alt="Compass" style='position:absolute;margin-left:0;margin-top:0;width:45pt;height:84.3pt;z-index:251659264;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:9pt;mso-wrap-distance-top:0;mso-wrap-distance-right:9pt;mso-wrap-distance-bottom:0;mso-position-horizontal:absolute;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:text;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page'>
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</v:shape><![endif]--><![if !vml]><img width="60" height="112" style="width:.625in;height:1.1666in" src="cid:image002.jpg@01D7B526.7C3FF530" align="left" hspace="12" alt="Compass" v:shapes="Picture_x0020_1"><![endif]><b><span style="font-size:14.0pt;font-family:"Arial Narrow",sans-serif;color:#003764">Brian
Carroll<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><b><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#1F497D">Functional Analyst, Campus Solutions (Financial Aid)<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><b><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#1F497D">Information Technology Division<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#1F497D">Washington State Board for Community and Technical Colleges<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:10.55pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#1F497D"><a href="mailto:bcarroll@sbctc.edu"><span style="color:#0563C1">bcarroll@sbctc.edu</span></a>
</span><span style="font-size:9.0pt;font-family:"Franklin Gothic Book",sans-serif;color:#003764">• o: 360-704-1841</span><span style="font-size:12.0pt;font-family:"Franklin Gothic Book",sans-serif;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial Narrow",sans-serif;color:#1F497D"><a href="https://www.sbctc.edu/"><span style="font-size:10.0pt;color:#0563C1">sbctc.edu</span></a></span><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#003561">
</span><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#1F497D">• Twitter:</span><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#003764">
</span><span style="font-family:"Arial Narrow",sans-serif;color:#1F497D"><a href="https://twitter.com/SBCTCWashington"><span style="font-size:10.0pt;color:#0563C1">@SBCTCWashington</span></a></span><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#003764">
</span><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#1F497D">• Facebook:
</span><span style="font-family:"Arial Narrow",sans-serif;color:#1F497D"><a href="https://www.facebook.com/wasbctc/"><span style="font-size:10.0pt;color:#0563C1">@WASBCTC</span></a></span><span style="font-size:10.0pt;font-family:"Arial Narrow",sans-serif;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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