College Financing Plan for 24/25 Award Year

The College Financing Plan has been updated to align with the revised Undergraduate and Graduate/Professional student 2024-2025 College Financing Plan templates as published by the Department of Education. Student Financial Aid has been updated to support the enablement of each of the 2024-2025 CFP template types. Effective with the 2024-2025 templates, the Student Aid Index (SAI) will replace the Expected Family Contribution (EFC) information. The download button within the CFP template will support the ability to download as a PDF or XML file.

FUND_CFP.csv Workbook has been updated to include the 2024-2025 Aid_Year to sample baseline configuration. For all fund codes that a Financial Aid Administrator would like to be included in the CFP, the Fund_Code, Aid_Year, and CFP_Category columns are required to be populated with valid values.

  • The Award_Year column will allow for multiple award years to be listed.
  • The CFP_Category correlates to the location within the CFP template where the projected, estimated, and awarded fund amounts will appear.
    • Validation rules are leveraged when loading the FUND_CFP.csv workbook to verify that an accepted value is entered in the CFP_Category column. If a value entered is not accepted, an error message will be displayed.
  • Baseline configuration for IASG will not have 2024-2025 Aid_Year associated due to IASG funding no longer being awarded effective the 2024-2025 award year.

COA_CFP.csv Workbook has been updated to include the 2024-2025 Aid_Year to the sample baseline configuration.

Steps to Enable

Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.

Offering: Student Financial Aid

Workbook Configuration

  • COA.csv Workbook
    • Unique Item_Title will be required for Food and Housing On and Food and Housing Off.
      • It is recommended that financial aid administrators review and update the default groovy script in the Cost_Value column in order to determine which COA Item_Title value should be returned.
  • COA_CFP.csv Workbook
    • Unique COA_Item_Title will be required to indicate if room and board COA item is for on campus or off campus.
      • It is required that the same value is used as listed in the COA.csv workbook for Food and Housing On and Food and Housing Off.
    • Location column
      • Effective 2021-2022 and forward, Financial Aid Administrators are required to indicate the placement of the COA_Item_Title values in the Total Cost of Attendance section of the College Financing Plan.
      • Note: The On and Off value should only be used for the Food and Housing COA_Item_Titles. If used for another COA_Item_Title, then that respective item's value will be placed in the corresponding column within the CFP template.

  • FUND_CFP.csv Workbook

    • Fund_Code, Aid_Year, and CFP_Category are required columns to be defined for all fund codes in use and to be displayed in the CFP.
    • The CFP_Category will drive the placement of that awarded fund value in the CFP template.

Portal Settings

  • Configuration section
    • Enable each CFP template for the 2024-2025 award year.
  • Loan Options section 
    • Enter the interest rate and origination fee for each listed loan based on CFP template.
  • Work Options section
    • Enter the Work-Study hours per week.
    • Enter the standard amount for Work-Study, Other Campus Job, and/or Assistantship if you want a static amount displayed, otherwise the system will sum the packaged Fund_Codes that have the corresponding CFP_Category assigned in the FUND_CFP.csv workbook.
    • Configurable Content section.
      • Enter in applicable text based on CFP template as needed.

NOTE: You will also need to load a valid 24/25 ISIR and SAFI for the student in order to package and award funds for the 24/25 Award Year to view within the College Financing Plan.

Tips And Considerations

  • The College Financing Plan for 2024-2025 will be delivered as disabled. Users will need to opt in and complete all required setup/configuration to leverage the College Financing Plan templates for 2024-2025.
  • Support of the ability to download the College Financing Plan as a PDF and/or XML file has been maintained.
  • The 2024-2025 College Financing Plan has been delivered leveraging the default template colors provided by the Department of Education. The ability to update the default template color will be delivered in a future enhancement to the CFP.

Key Resources