Understanding Student Budgets Setup

At the beginning of the aid-processing year, you create budgets that detail the cost of attendance (COA) for each term a student is enrolled. The COA is an estimate of a student's educational expenses for the period of enrollment. The budget helps establish a student's need (COA minus the student's expected family contribution), which permits the financial aid office to award need-based aid.

This section discusses:

• Budget components.

• Budget assignment formulas.

Note:

Beginning with the 2024-2025 Aid Year, Housing Type isn't reported by the student using the FAFSA. The list of values is the same used in FAFSA/ISIR for 2023-2024 Aid Year. For more information, see Student Planned Housing Type for the 2024-2025 and Future Aid Years (Doc ID 2990217.1) at https://support.oracle.com.