Alternate Summer SAI Calculation

You can generate a separate need calculation for Scheduled Academic Year (SAY) term programs in the summer to award Title IV funds independently from the standard terms.

Alternate Summer Student Aid Index (SAI) Method

Note:

• This is applicable to the 2023-2024 and prior aid years only.
• The alternate summer need calculation is only used for Direct Subsidized Loans and Federal Supplemental Educational Opportunity Grant (FSEOG).

When you use the enhanced calculation for summer SAI, the summer need calculation uses the SAI and summer Cost of Attendance (COA) and Other Financial Assistance (OFA). This is applicable for both summer headers and trailers.

Required Setup

• Enter an effective date in the Summer_EFC_SAI_Need_Calc column introduced in the SCHOOL.csv configuration workbook.
• Ensure you have the latest Award_Override_Criteria script used in the FAS_FUND_CONFIG.csv configuration workbook that's delivered in the baseline configuration for Direct Subsidized and Unsubsidized Loans.

Here are some tips and considerations:

• Don't enable the feature for academic years which contain courses in the summer or for which you have already packaged summer financial aid, as this impacts the Direct Loan calculations. Enabling the alternate summer EFC calculation after Summer financial aid has already been packaged will generate a re-calculation of need for FSEOG and Direct Subsidized Loans for the standard and summer terms and may create a redistribution in amounts in the student's package.
• The summer SAI calculation is applied if the academic year end date is greater than the effective date set in the Summer_EFC_SAI_Need_Calc column of the SCHOOL.csv configuration workbook.