Using FM and IM Extensions to Override Options

FAFSA Student Information

ISIR_PIA_CS1_nn

Financial Aid > Federal Application Data > Correct 20nn-20nn ISIR records > Student Information

Correct information on the FAFSA Student Information page.

FAFSA Parent Information

ISIR_PIA_CS4_nn

Financial Aid > Federal Application Data > Correct 20nn-20nn ISIR records > Parent Information

Correct information on the FAFSA Parent Information page.

Federal Extension

INAS_FED_EXTnn_SEC

Click the FM link on any tab in the Correct 20nn-20nn ISIR records component.

Override global policy options.

Federal Extension Budget Durations

INAS_FEDEX_DUR_SEC

Click the Budget Durations link on the Federal Extension page.

Override global policy options for federal academic and non-standard budget duration.

Federal Extension EFC Proration Options

INAS_FEDEX_PRO_SEC

Click the EFC Proration Options link on the Federal Extension page.

Override EFC proration options for academic and non-standard months.

Federal Extension EFC Override

INAS_FEDEX_EFC_SEC

Click the Override Federal EFC link on the Federal Extension page.

INAS Institutional Extension 1

INAS_PROF_EXT1_Snn

Click the IM link on any tab in the Correct 20nn-20nn ISIR records component.

Override global policy options.

Institutional Budget Durations

INAS_PRFEX_DUR_SEC

Click the Budget Durations link or the Override Institutional EFC link on the INAS Institutional Extension 1 page.

Override global policy options for institutional academic and non-standard budget duration.

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.

INAS Institutional Extension 2

INAS_PROF_EXT2_Snn

Click the IM Extension 2 link on the INAS Institutional Extension 1 page.

Override global policy options.

INAS Institutional Extension 3

INAS_PROF_EXT3_SEC

Click the Extension 3 link on the INAS Institutional Extension 1 page.

Override global policy options.

INAS Institutional Extension 4

INAS_PROF_EXT4_Snn

Click the Extension 4 link on the INAS Institutional Extension 1 page.

Override global policy options.

INAS Institutional Extension 5

INAS_PROF_EXT5_SEC

Click the Extension 5 link on the INAS Institutional Extension 1 page.

Override global policy options.

Monthly EFC

NEED_SMRY_EFC_SEC

Click the Monthly EFC link on the ISIR Corrections EFC/DB Matches page.

View the monthly breakdown of the expected family contributions for months 1–8 and 10–12. The 9–month EFC displays on the EFC\DB Matches\Corr page.

Option Rule Set

Select an Option Rule Set to determine which global policy option rule to use as a base.

Application Source

The Application Source is Profile.

Budget Durations

Click this link to access the Institutional Budget Durations page. You can enter any value for IM academic and/or non-standard budget duration. Institutional rules allow whole numbers with one decimal place.

This field can be populated using Population Update as long as the records being updated are aid year activated for the intended aid year.

Override Institutional EFC

Click this link to access the Override Institutional EFC page, where you can override the institutional EFC amount.

Alt Min SC from Income Calc (alternate minimum student contribution from income calculation)

Select this check box to override the Alt Min SCI option set for the student on the IM Yes/No Options page.

Calc PC For Independent (calculate parental contribution for independent)

Select this check box to override the Calc PC For Independent option set for the student on the IM Yes/No Options page.

Skip Family Member Exclusion

Select to override the Rstrct # Household - Max Age and Rstrct # in College - Max Age options set on the IM Tax/Assess & Parms options page.

Allow Business/Farm Losses

Select to override the Allow Parent Bus/Farm Loss option set on the IM Yes/No Options page.

Allow Other Losses

Select to override the Allow Parent Other Loss option set on the IM Yes/No Options page.

Country Coefficient TCA (country coefficient total contribution from assets)

Select to calculate an optional contribution from assets by applying the country coefficient to the percentage used to calculate the step increment

• Selected

  Calculate contribution from assets applying the country coefficient to the step increment percentage.

• Unselected

  Calculate contribution from assets for international student using default step increase percentage.

Limit International IPA/MMA (limit international student's parental income protection allowance)

Select to limit an international student's Parental Income Protection Allowance (IPA)/MMA to an amount greater than or equal to 25% of the parental income.

• Selected

  Limit non-US student's Parental IPA/MMA to an amount not less than 25% of parents' income and not greater than an equivalent domestic IPA value; regardless of the parent country coefficient value.

• Unselected

  Do not limit student's Parental IPA/MMA amount, normal processing.

Apply Intl Asset Prot Allowance (apply international asset protection allowance)

Select to apply an international asset protection allowance based on the country coefficient value.

Select Expanded Available Income Table

Select:

• Use Expanded AI Table (use expanded available income table)

• Use Legacy SI Table (use legacy available income table).

Use Anticipated Year Income

Select to override the Use Anticipated Year Income option set on the IM Yes/No Options page.

Can Student IM Be Less Than FM

Select to override the IM < FM option set on the IM Yes/No Options page.

Add Stu Hope/LTL to Rptd Taxes (add student hope/life time learning to reported taxes)

Select to override the Add Hope/LTL option set on the IM Yes/No Options page.

Allow All Income Exclusions

Select to allow all income inclusions.

Use Par Tax Table For Indeps (use parent tax table for independent students)

Select to override the Ind Use Par St Tax Alwnc (independent use parent state tax allowance) option set on the IM Yes/No Options page.

Student Disable Global Home Value Cap

Select to turn off the global home value cap.

Student Disable Global Home Equity Cap

Select to turn off the global home equity cap.

Use Which Student AGI/Income

Select:

• Use Anticipated Year Income

• Use Base Year Income

Exclude FSA for Health Care (exclude Flexible Spending Account for Health Care)

Select to exclude Flexible Spending Account for Health Care funds from total untaxed income.

Exclude FSA for Dependent Care (exclude Flexible Spending Account for dependent Care)

Select to exclude Flexible Spending Account for Dependent Care funds from total untaxed income.

Exclude HSA for PreTax Contrib (exclude Health Savings Account for pre-taxed contributions)

Select to exclude Health Saving Account funds from total untaxed income.

Include HSA for Pre-Tax Contrib (include Health Savings Account for pre-taxed contributions)

Select to include Health Saving Account funds from total untaxed income.

Parent Disable Global Home Value Cap

Select to turn off the global home value cap.

Parent Disable Global Home Equity Cap

Select to turn off the global home equity cap.

Use Which Parent AGI/Income

Select:

• Use Anticipated Year Income

• Use Base Year Income

Use Which EFC (use which estimated family contribution)

Select a value to determine the institutional EFC displayed on the Need Summary page and used in the Award Entry component. Your selection overrides the value selected on the Global and Federal Options page.

Dependency Override

Select either Ind Prof J ( individual professional judgement) or No (no override). INAS calculates a dependent student as independent when Ind Prof J is selected.

Limit Share of PC (limit share of parental contribution)

Select a parental contribution limit. Values are:

Highest: Select to compare the parental contribution limits set by Ratio Bdgt(ratio budget) and Sum Bdgt(sum budget) and set the limit to the higher value.

No: Select for no parental contribution limit.

Ratio Bdgt (ratio budget): Select to have the parental contribution limited to the student’s cost of attendance budget divided by the total of the cost of attendance budgets of all children in the family attending college.

Sum Bdgt (sum budget): Limit the parental contribution to the sum of the cost of attendance budgets for all other children in the family; not including the student.

Your selection overrides the value selected on the Minimum PC Range page and the Budget Options page.

Federal Tax Used

Select to override the value selected for the Fed Tax Allwnc Against Income field on the IM Tax/Assess & Parms page.

Project Home Value

Select:

Use Highest of Projctd/Reprtd if above tolerance.

Use Projected if outside tolerance

Use Reported.

to override the value on the Home/Asset Projections page.

Project Assets

Select:

Do not use projected.

Use projected

to override the value on the Asset Options page.

Student Assets as Family Assets (student assets as family assets)

Select a value to override the value selected for the Studnt Assets as Family Assets field on the IM Tax/Assess & Parms page.

Student/Parent AGI (student/parent adjusted gross income)

Enter an amount to override the student or parent adjusted gross income.

Student/Parent Untaxed Income

Enter an amount to override the student or parent untaxed income.

Student/Parent Tax Paid

Enter an amount to override the value used in the Fed Tax Allwnc Against Income (federal tax allowance against income) on the IM Tax/Assess & Parms page.

Student/Parent Anticipated Tax

Enter an amount to override the anticipated tax calculated by the IM method.

Local Tax — Percent

Enter an amount to override the amount calculated by IM.

Cap Housing Value

Enter an amount to override the value selected for the Home Cap field on the Home/Asset Projections page.

Home Equity Cap Factor

Enter an amount to override the value selected for the Home Equity Cap Factor field on the Home/Asset Projections page.

Housing Multiplier

Enter an amount to override the delivered housing multiplier table value that projects home equity.

Asset Assessment Percent

Enter an amount to override the value selected for the Asset Assessment Rate field on the Home/Asset Projections page

Local Tax

Enter an amount to override amount calculated by IM.

Other Asset

Enter an amount to add to calculated assets.

Minimum Asset

Enter an amount to override Minimum Contribution from Asset on the IM Value Parms 1 page.

Asset Allowance

Enter an amount to offset discretionary net worth calculated by IM.

Minimum Income

Enter an amount to override the Minimum SC or PC values from the Minimum SC Income and Minimum PC Range pages.

Number in College

Enter a number to override the number of students in college.

Parent Number in College

Enter an amount to allow parents in college.