Performing Mass SAI/EFC Calculations

This section discusses how to perform SAI/EFC Calculations in mass for the 2023-2024 aid year and subsequent aid years based on the policy options at your institution.

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.

Note: Mass SAI/EFC Calculations can only be used for the 2023-2024 aid year and subsequent aid years.

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Mass SAI/EFC Calculation

SFA_RUNCTL_NAC_BCH

Financial Aid > File Management > Mass SAI/EFC Calculation

Calculate SAI/EFCs in mass based on policy options.

You can perform both Federal Methodology (FM) and Institutional Methodology (IM) need analysis calculations in mass.

This process uses the FM Need Analysis Calculator (FM NAC) for FM EFC calculations and INAS for IM EFC calculations.

With the delivery of IM each year, the Application Type value is limited to Profile. After FM is delivered, values of Both Federal and Profile and Federal are available as additional processing options.

Mass EFC Parallel Processing setup is required to be completed prior to using the Mass EFC Calculation process. See "Mass SAI/EFC Parallel Processing Setup" in Establishing Defaults.

You can run mass SAI/EFC calculations automatically after each ISIR data load or as a separate user-controlled process.

Records loaded into the INAS_CALC_RECS table are selected for processing.

Field or Control

Description

Application Type

Select the application type to run batch calculations from these options:

B: Both Federal and Profile

F: Federal

P: Profile

Calculate Inst NCP (calculate institutional non custodial parent contribution)

Select this check box to calculate the non custodial parent contribution for IM. This check box is only available when Profile applications are selected for processing.

Note: Calculate the non-custodial parent contribution before invoking the regular INAS calculation.

Calculating a non custodial parent contribution creates an INAS Extension record, selects the Use Non-Custodial Parent Contribution check box and populates the PC From Non-Custodial Parent (parent contribution from non-custodial parent) field in INAS Extension 5. After this, when the regular INAS calculation is invoked, the non-custodial parent contribution is added to the Custodial Parent contribution and overall expected family contribution.

Clear Calc Requests (clear calculation requests)

If you select Y, the files are removed from the table after the batch calculation. You can't run batch FM NAC or INAS on these files again unless they are added to INAS_CALC_RECS by loading new ISIR files with the appropriate data load parameters or by using Population Update.

Population Selection

Select to this option to use equation engine, external file, or PS query to calculate FM SAI/EFCs or IM EFCs for a specific population.