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thanks this formula worked; IF(ISPICKVAL( Funding_Source__c, "Student"),"1","")

 

but I have another issue, if I chose another funding source such as "BARM, how do I create the formula so that the answer to "Funding_Source_c, "Student, is 0 or blank and the new Funding_Source_c "BARM" is updated in the Third Party Field?

 

I have attached an example:

 

Workflow rule
3 answers
  1. May 9, 2013, 3:31 AM
    Hello Deepak,

     

    You asked,

     

    "So I would like to know what value that you want to give to the(Student Funded) field when the Picklist(Student Funded) is neither Student nor BARM?"

     

    The answer would be if Student or Barm is NOT selected would be "0"
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