When a school returns funding, here is how to accept a scholarship refund.
- Navigate to the Scholarships page.
- Click Scholarships on the left-side menu.
- Select the ID of the scholarship award.
- In the Recipients table, select the ID of the scholarship award.
- If the scholarship award is Closed, you'll need to re-open it in the next step.
- If the scholarship award is Closed, you'll need to re-open it in the next step.
- In the Recipient Payments table, click [Add Refund] for the payment that you want to refund.
- If the scholarship is closed and the Refund Scholarship button does not appear, click the Open button in the left-side menu.
- If the scholarship is closed and the Refund Scholarship button does not appear, click the Open button in the left-side menu.
- Enter the Refund Date, Refund Method, and Refund Reason, then click Create.
- The original Payment Amount can be found above the Payment Date field.
- The original Payment Amount can be found above the Payment Date field.
- The system has now created a refund or open amount equal to the amount refunded. When a refund is created and deposited, the system records everything from reversing the payable and the deposit.