Overriding the Expected Family Contribution
The system displays the override at the parent and student contribution level. Overriding the Expected Family Contribution is the same for both Federal Methodology and Institutional Methodology.
This section discusses how to:
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Use the Federal EFC override function.
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Use the Institutional EFC override function.
Note: For the 2023-2024 and prior Aid Years, the result of both the Federal Methodology (FM) and Institutional Methodology (IM) calculations for the amount of money that a student and his family are expected to contribute is referred to as Expected Family Contribution (EFC); FM EFC and IM EFC.
For the 2024-2025 and future Aid Years, FM calculation result is referred to as the Student Aid Index (SAI); replacing the FM EFC. Overriding of the Student Aid Index (SAI) is not supported.
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Page Name |
Definition Name |
Navigation |
Usage |
|---|---|---|---|
|
EFC Override |
INAS_FEDEX_EFC_SEC |
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Override EFC components for academic and non-standard award periods. Note: This page is only used for aid years 2023-2024 and prior. |
|
Institutional EFC Override |
INAS_PROF_EFC_SEC |
|
Override EFC components for academic and non-standard award periods |
You can override elements of the Federal EFC calculation for 2023-2024 and prior Aid Years.
Access the Federal Extension EFC Override page:
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. Click the FM link on any tab to open Federal Extension page. Click the Override Federal EFC link.
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. Click the FM link on any tab to open Federal Extension page. Click the Override Federal EFC link.
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. Click the FM link on the Student Income/Assets, Student Information, Parent Income/Assets, Parent Information, or Overrides tabs to open the Federal Extension page. Click the Override Federal EFC link.
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 |
Description |
|---|---|
|
Use EFC Override Values |
Select this check box and call the FM NAC for the system to use your override values. If you want to use actual calculated values, clear the check box and call the FM NAC. |
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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 a FM EFC 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 the FM NAC, return to this page, and click the Defaults button. |
Note: For the 2023-2024 and prior Aid Years, 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.
You can override components of the Institutional EFC calculation.
Use this page to override the academic or non-standard parent contribution or student contribution.
Access the Institutional EFC Override page:
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. Click the IM link on any tab to open the INAS Institutional Extension 1 page. Click the Override Institutional EFC link.
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. Click the IM link on any tab to open INAS Institutional Extension 1 page. Click the Override Institutional EFC link.
|
Field or Control |
Description |
|---|---|
|
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. |
Note: You must select an Option Rule Set before setting the budget duration and overriding the EFC. When creating an extension record, you must always select an Option Rule Set. Failing to do so affects your expected results.