Purpose

To create and maintain Loan Schemes and related Government Student Status codes.

SubSystem

Finance

Since 2005, PELS and BOTPLS Loan Schemes have not been applicable for new and continuing students. These have been replaced by new Loan Schemes such as HECS-HELP, FEE-HELP, VET FEE-HELP and SA-HELP*.

*Note: Under proposed amendments to the Higher Education Support Act 2003 (HESA), the Australian Government have proposed that institutions may charge a compulsory Student Services and Amenities Fee (SA Fee), and are proposing to provide a loan scheme for students who wish to defer payment of the SA Fee.
As of December 2009, the amendments have not been passed by the Federal Senate. If the amendments are passed in the future, additional functionality may be provided, as more details are provided by the Australian Government.

The following Loan Scheme HECS-HELP has examples of the relationship with Government Student Statuses.

The following Loan Scheme FEE-HELP has examples of the relationship with Government Student Statuses.

Note: FEE-HELP Govt student statuses can be recorded against a VET SCA, with appropriate validations and restrictions. (The 'VET FEE-HELP Available' checkbox in STAF1127 is used to indicate that courses with a Govt. Funding Source are eligible for VET FEE-HELP.)

This function includes a form to facilitate the creation and maintenance of Loan Schemes and related Government Student Status (SS) codes. It will enable one or more SS codes to be mapped to each Loan Scheme.

It is the responsibility of Institutions to associate the appropriate SS codes with the Loan Schemes. Institutions are responsible for closing the Loan Scheme records associated with PELS and BOTPLS to restrict usage of Loan Schemes and mapping of Loan Schemes to new Fee Types.

New System Transaction Types are created to differentiate between HECS-HELP, FEE-HELP and other Loan Schemes. These new system values are mapped to the appropriate Loan Scheme.

FINF1S00 is accessed from the main menu.

The Loan Scheme block contains:

• Loan Scheme
• Description
• System Loan Scheme Type
• Closed check box
• System Transaction Type (LOV)
• System Loan Scheme Log (LOV)
• System Liability Log (LOV)
• System Liability Notice Extract (LOV)

The Loan Scheme Government Student Status block contains:

• Government Student Status (LOV)
• Description
• Closed check box

Rules/Notes:

Validations include:

• The System Transaction Type must have a transaction category of ‘LOAN’.
• The Government Student Status must not be closed because a Loan Scheme cannot be mapped to a closed Government Student Status.
• If the System Transaction Type is not SAHLPLOAN, then a System Loan Scheme Log value must be recorded.
• If the System Transaction Type is SAHLPLOAN, the the System Loan Scheme Type must be GOVT.

One Loan Scheme Type could be associated with multiple Government Student Status codes.

The Loan Scheme block

Existing Loan Schemes may be queried, or a new Loan Scheme created.

Rules/Notes:

The Loan Scheme field can only have a maximum of 10 characters.

The Description field can only have a maximum of 60 characters.

When selecting a Loan Scheme from the top block, a System Loan Scheme Type must also be selected. They are GOVT - (the old HECS Payment Option), and include any Government Student Status, or LOCAL - any institution defined Loan Scheme.

The System Liability Log and System Liability Notice Extract fields are optional.

The Loan Scheme Government Student Status

Only Student Statuses that define a student as eligible to defer part or all of their debt, or a Student STatus that defines a student as eligible for a discount, should be mapped to a Government Loan Scheme.

Student Statuses that define a student as a Commonwealth Supported Student but restricted to paying Student Contribution Amounts upfront, should not be mapped to a Government Loan Scheme because there should no loan amount calculated for outstanding debt as the Census Date or a Student Status Snapshot created.

Rules/Notes:

For further information on Government Student Statuses, see:

• ENRF0161 - Maintain Government Student Status
• ENRF0162 - Maintain Student Status Snapshot Mappings
• ENRF3110 - Record Student Status

'Government Student Status' was previously called 'Government HECS Payment Option'.

If no Government Student Status exists for a Loan Scheme then student records that use the same Loan Scheme will not be processed in FINJ6240 - Process Student Loan Scheme.