After you complete budget setup, you calculate student budgets in batch, online for an individual using batch rules, or manually. Use batch budget assignment when you process many students and want to create student budgets using defined budget assignment rules. Batch budget assignment builds budgets on a term-by-term basis, since certain budget categories, such as fees, do not apply to all terms. Budgets are only built for students who have financial aid terms built, and only for those terms where the Budget Required field is set to Assgn Bdgt (assign budget).
In this topic, you will first update the budget assignment run controls to start the batch budget assignment process in motion and then process the batch budget assignment. This will include selecting students, then running the formula, tuition, and assign budget processes, and finally performing table maintenance.
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