Overriding Expected Family Contribution (EFC)
The system displays the override at the parent and student contribution level. Overriding EFC is the same for both FM and IM.
This section discusses how to:
Access federal EFC overrides.
Use the federal EFC override function.
Access institutional EFC overrides.
Use the institutional EFC override function.
|
Page Name |
Definition Name |
Navigation |
Usage |
|---|---|---|---|
|
INAS Federal Extension |
INAS_FED_EXTnn_SEC |
Click the FM link on any tab of the Correct 20nn-20nn ISIR records component. Click the FM link on the Student Data, Parent Data, Miscellaneous Data, or Computation Data page (Financial Aid, Institutional Application 20nn-20nn, Maintain Application 20nn–20nn). Click the Federal Extension link on the Student Income/Assets, Student Information, Parent Income/Assets, Parent Information, or Overrides page (Financial Aid, Federal Application Data, Simulate 20nn-20nn FM INAS). |
Override INAS global policy options. |
|
INAS Federal Extension EFC Override |
INAS_FEDEX_EFC_SEC |
Click the Override Federal EFC link on the INAS Federal Extension page. |
Override EFC components for academic and non-standard award periods. |
|
INAS Institutional Extension 1 |
INAS_PROF_EXT1_Snn |
Click the IM link on any tab of the Correct 20nn-20nn ISIR records component. Click the IM link on the Student Data, Parent Data, Miscellaneous Data, or Computation Data page (Financial Aid, Institutional Application 20nn-20nn, Maintain Application 20nn–20nn). |
Override INAS global policy options. |
|
Institutional EFC Override |
INAS_PROF_EFC_SEC |
Click the Override Institutional EFC link on the INAS Institutional Extension 1 page. |
Override EFC components for academic and non-standard award periods |
Access the INAS Federal Extension page (click the FM link on the EFC\DB Matches\Corr page).
Image: INAS Federal Extension page
This example illustrates the fields and controls on the INAS Federal Extension page. You can find definitions for the fields and controls later on this page.
Use the Override Federal EFC link on this page to override the academic or non-standard parent contribution or student contribution.
Note: You must select an INAS Rule Set before setting the budget duration and overriding the EFC. When creating an extension record, you must always select an INAS Rule Set. Failing to do so affects your expected results.
Access the INAS Federal Extension EFC Override page (click the Override Federal EFC link on the INAS Federal Extension page).
Image: INAS Federal Extension EFC Override page
This example illustrates the fields and controls on the INAS Federal Extension EFC Override page. You can find definitions for the fields and controls later on this page.
Enter the actual positive value for the parent contribution and/or student contribution for each award period.
The system displays an override indicator when you override the student contribution, the parent contribution or both. It appears as an O next to the affected contributions.
|
Field or Control |
Definition |
|---|---|
| Use EFC Override Values |
Select this check box and call INAS for the system to use your override values. If you want to use actual calculated values, clear the check box and call INAS. |
| Defaults |
Click the Defaults button to reset the student contribution and parent contribution to current values from STD_AWD_PER. If you have already calculated INAS using overridden values, those same values are returned when you click the Defaults button. To retrieve calculated values as the default, clear the Use EFC Override Values check box, call INAS, return to this page, and click the Defaults button. |
Note: Ensure that the budget duration set in global policy options or at the extension level supports the EFC overrides being established for the award period. Warning messages appear if you create overrides for an award period that is not supported by the budget duration.
Access the INAS Institutional Extension 1 page.
Image: INAS Institutional Extension 1 page
This example illustrates the fields and controls on the INAS Institutional Extension 1 page. You can find definitions for the fields and controls later on this page.
Use the Override Institutional EFC link on this page to override the academic or non-standard parent contribution or student contribution.
Note: You must select an INAS Rule Set before setting the budget duration and overriding the EFC. When creating an extension record, you must always select an INAS Rule Set. Failing to do so affects your expected results.
Access the Institutional EFC Override page (click the Override Institutional EFC link on the INAS Institutional Extension 1 page).
Image: Institutional EFC Override page
This example illustrates the fields and controls on the Institutional EFC Override page. You can find definitions for the fields and controls later on this page.
|
Field or Control |
Definition |
|---|---|
| Use EFC Override Values |
Select this check box and call INAS for the system to use your override values. If you want to use actual calculated values, clear the check box and call INAS. |