It seems the Coronavirus Indicator might have a bit of a “hair-trigger” because FSA recently put out a document of best practices for using the checkbox which opened with a word of caution.
It read, “ Because a number of events (e.g., loan discharges, usage and eligibility limits) are triggered once the Coronavirus Indicator is selected, and the Coronavirus Indicator cannot be reversed by a school, it is critical that schools only submit the Coronavirus Indicator when no other action is expected to be taken on the disbursement”.
It then went on to say, “To prevent unintended consequences…” Sheesh.
Read this. Print it out. Stick it on your wall. Refer to it as needed.
Whatever you do, don’t click the box unless you really mean it.
Don’t say I didn’t warn you!