Read the information below to learn about the Banner Student Aid (BSA) system and its benefits to students and the University

What is Banner Student Aid module (BSA)?

• The Banner Student Aid module is software implemented by À¦°óSMÉçÇø that is fully integrated with our Banner system. À¦°óSMÉçÇø was one of five Canadian schools to work with SunGard Higher Education to develop a financial aid and awards product suitable for the Canadian environment.
• At À¦°óSMÉçÇø, BSA is now regarded as the authoritative source for all student award and financial data.
• BSA, via the Minerva Award Processing Form, is used to process all student awards, student stipends, and financial aid payments for both undergraduate and graduate students.

BSA Benefits – Students

• Increased service
• Faster payments by direct deposit
• Flexible payment schedule not tied to payroll dates
• Minerva access to all your awards and payment schedules

BSA Benefits – Units

• Clear and easy processes to manage
• Better controls
  • Eligibility checking to ensure student is registered at time of payment
  • Budget validation at each payment avoids inadvertent over expenditures
• Enhanced reporting capabilities from various perspectives: student, Aid Fund and processor for planning and monitoring purposes

BSA Benefits – University

• Holistic planning tool
• A single repository of student funding data
  • Helps ensure all funding sources in support of students are optimized
  • Sets the groundwork for future guaranteed funding (packaging) functionality