What is 'funding program' in SAP IS-HER-CM - Student Lifecycle Management?

funding program - Overview

• Component: IS-HER-CM

• Component Name: Student Lifecycle Management

• Description: A program or organization established to administer money for higher education fees.

funding program - Details

• 
  Key Concepts: 
  A funding program is a feature of the IS-HER-CM Student Lifecycle Management component of SAP. It allows universities and other educational institutions to manage the funding of their students. It provides a comprehensive view of the student’s financial situation, including grants, scholarships, loans, and other sources of funding. It also allows for tracking of payments and disbursements, as well as budgeting and forecasting. 
  
  How to use it: 
  The funding program feature can be used to manage the financial aspects of student life. It allows users to track payments and disbursements, as well as budgeting and forecasting. It also provides a comprehensive view of the student’s financial situation, including grants, scholarships, loans, and other sources of funding. 
  
  Tips & Tricks: 
  When using the funding program feature, it is important to ensure that all payments and disbursements are accurately tracked. This will help ensure that the student’s financial situation is accurately represented. Additionally, it is important to ensure that budgeting and forecasting are done accurately in order to ensure that the student’s financial situation is managed properly. 
  
  Related Information: 
  For more information on the IS-HER-CM Student Lifecycle Management component of SAP, please visit https://www.sap.com/products/student-lifecycle-management.html