School receives SARs

or ISIRs
PAYMENT DATA
SAR
PROCESSING PATH
ISIR ISIR

School prepares RFMS

Payment Data processes
PD
and submits to Payment Data,
RFMS prepares batch
with Institutional summary
Payment Record

School reviews data, RFMS

makes corrections to PPD sends to school
Processed Payment Processed Payment
Data (if necessary), Data and
and returns corrected batch summary
Data with next
submission

PAYMENT DATA

Payment Data is the term used to refer to the electronic or magnetic

payment record used in reporting Pell payments. The record contains the
student’s EFC, COA, enrollment status, and disbursement information.
After the school receives an output document, the school completes the
Payment Data by filling in award information. The school periodically
sends Payment Data for its students to RFMS in a batch, along with the
Institutional Payment Record.

The Institutional Payment Record establishes certain basic demographic

information about a school, and accompanies each batch of Payment
Data/Processed Payment Data that schools submit to RFMS during the
award year, summarizing the information about the data in that batch.

Reporting Disbursements 4-77