What is financial aid level in SAP IS-HER-CM - Student Lifecycle Management?

SAP Term: financial aid level

• Component: IS-HER-CM

• Component Name: Student Lifecycle Management

• Description: The amount of assistance provided to an individual student.

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• Key Concepts: 
  Financial aid level is a component of the SAP IS-HER-CM Student Lifecycle Management module. It is used to define the amount of financial aid that a student is eligible to receive. The financial aid level is determined by the student's academic performance, financial need, and other criteria. 
  
  How to use it: 
  The financial aid level is set by the institution's financial aid office. The office will review the student's academic performance, financial need, and other criteria to determine the appropriate level of financial aid. Once the level has been set, it can be used to determine the amount of aid that a student is eligible to receive. 
  
  Tips & Tricks: 
  It is important to keep in mind that the financial aid level is not set in stone. It can be adjusted based on changes in a student's academic performance or financial need. It is also important to note that the financial aid level may vary from institution to institution. 
  
  Related Information: 
  The SAP IS-HER-CM Student Lifecycle Management module also includes other components such as tuition and fees, scholarships, grants, and loan programs. These components are used to manage the entire student lifecycle from admission to graduation.