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Processing INAS

1. 70 Assumption PG suppressed HE zE Assumption PI suppressed HE 72 Assumption PY suppressed HE 73 Assumption SM suppressed 74 Assumption SQ suppressed 75 Assumption 5 suppressed 76 Assumption X2 suppressed HE NAS FM Assumption Codes page Use this page to review the FM assumption code defined by INAS for the aid year With the delivery of IM each year the IM Assumption Code values are available After FM is delivered the FM Assumption Code values are available Reviewing INAS IM Assumption Codes Access the INAS IM Assumption Codes page Set Up SACR Product Related Financial Aid Application Processing INAS Assumption Codes INAS IM Assumption Codes Copyright 2009 Oracle and or its affiliates All rights reserved 63 Processing INAS 64 Chapter 1 INAS EM Assumption Codes INAS IM Assumption Codes AidYear 2011 Financial Aid Year 2010 2011 IM Assumptions 4 191 of 1914 Code Long Description PO Parents EFM number in college overridden by local policy option PO3B Parents assumed to be married PO3C Parents assumed to be married E PO3D Parents assumed to be unmarried E P045 Parents reported household size overridden by family matrix E PO4C Parents reported household size overridden by family matrix P056 Parents tot
2. Access the Batch INAS Calculation page Financial Aid File Management INAS Batch Calculation Batch INAS Calculation Copyright 2009 Oracle and or its affiliates All rights reserved 51 Processing INAS Chapter 1 Batch INAS Calculation Run Control ID FMINAS ReportManager Process Monitor Run Process Name FAPINCLC Find view All First EI 4 of 1 gt Last Institution PSUNV Q PeopleSoft University Aid Year 2010 Q Financial Aid Year 2009 2010 Application Type B a Both Federal amp Profile Clear Calc Requests N Q No Batch INAS Calculation The FAPINCLC batch calculation process is the same process as the online calculation You can run INAS batch calculations automatically after each ISIR data load or as a separate use controlled process Records loaded into the INAS CALC RECS table are selected for processing With the delivery of IM each year the Application Type value is limited to Profile After FM is delivered values of Both Federal amp Profile and Federal are available as additional processing options Application Type Select the application type to run INAS batch calculations from these options B Both Federal and Profile F Federal P Profile Clear Calc Requests clear If you select Y the files are removed from the table after the batch calculation calculation requests You cannot run batch INAS on these files again unless they are added to INAS_CALC_ RECS by loading new
3. INAS 20nn 20nn Global Options Minimum PC Range 22 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS KIE Minimum SC Income Asset Options Home Asset Projections Minimum PC Range Budget Options Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY Find view All First J 4 of 2 INAS Rule Set CSS RulesiValues v E Institutional MINIMUM PC BASED ON INCOME RANGE Range Total Income Up To Minimum PC 1 000000 000000 000000 000000 000000 000000 000000 000000 000000 000000 000000 000000 000000 000000 Minimum PC Range page Use this page to select the minimum parental contribution for the aid year institution and selected INAS rule set MINIMUM PC BASED Enter the values set by your institution s policy ON INCOME RANGE minimum parental contribution based on income range See Also College Board INAS User Manual Defining Budget Options Access the Budget Options page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options Budget Options Copyright 2009 Oracle and or its affiliates All rights reserved 23 Processing INAS Chapter 1 Aid Year 2011 E Goatees erin Asset Options Home Asset Projections Minimum PC Range Budget Options Institution PSUNY Find View All First L INAS Rule Set CSS Rules Values
4. Page Name Definition Name Navigation Usage Institutional EFC Summary INST_INAS_SMRY_nn Financial Aid Institutional Application Data View 20nn 20nn IM EFC Detail Institutional EFC Summary Review information about a student s Institutional EFC expected family contribution From this page access detailed information for each calculated amount Institutional Assumption Detail STDNT_IM_ ASMP SEC Click the IM Assumptions link on the Institutional EFC Summary Detail page View the institutional assumptions that apply to a student INAS IM Assumption Codes are defined by the College Board and are delivered with the Financial Aid system An assumption is an assumed response to a question that is left blank or to aresponse that was inconsistent with the guidelines Copyright 2009 Oracle and or its affiliates All rights reserved 55 Processing INAS 56 Chapter 1 Page Name Definition Name Navigation Usage Total Income Detail Parent INST PIM TI_SEC_nn Click the Total Income Detail View total income Contribution IM and IM INST PIM TIO SECnn link on the Institutional EFC information for parents w Options Summary Detail page calculated using institutional methodology Total Income is the difference between the combination of taxable income untaxed income and adjustments to income on earned income Total Income Detail Parent Contribution EFM
5. This field is added as of the 2010 2011 aid year Select to calculate an optional contribution from assets by applying the country coefficient to the percentage used to calculate the step increment e Selected Calculate contribution from assets applying the country coefficient to the step increment percentage e Unselected Calculate contribution from assets for international student using default step increase percentage Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Use Projected Year Income Can IM Contribution Fall Below FM Hope Lifetime Add Back Parent Tax Table Independent Exclude Tuition Fee Deduction Processing INAS Note This is a local only option applicable to international non domestic students only Select to override the Use Projected Year Income option set on the IM Yes No Options page Select to override the IM lt FM option set on the IM Yes No Options page Select to override the Add Hope LTL option set on the IM Yes No Options page 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 Select to override the Exclude Tuition Fee Deduction option set on the IM Yes No Options page See Isfa Processing and Using Institutional Financial Aid Applications See the College Board INAS User Manual Overriding INAS Institutional Extension Options 2 Access the INAS
6. displays allowances for taxes medical dental expenses tuition and other allowances such as income protection allowance monthly maintenance allowance IPA MMA Total Allowances is the sum of these allowances Available Income is the Total Income shown on the Total Income page less the Total Allowances View information about student contribution using estimated federal methodology The system displays allowances for taxes medical dental expenses tuition and other allowances such as income protection allowance IPA Total Allowances is the sum of these allowances Available Income is the Total Income shown on the Total Income page less the Total Allowances Net Worth Detail Parent Contribution IM IM w Options INST_PIM_NW_SECnn INST_PIM NWO SEC nn Click the Net Worth Detail link for Parent Contribution on the Institutional EFC Summary Detail page View detail information about the parents net worth the total assets calculated by IM Copyright 2009 Oracle and or its affiliates All rights reserved 57 Processing INAS Chapter 1 Page Name Definition Name Navigation Usage Net Worth Detail Parent Contribution EFM INST_PFM_NW_SEC_nn Click the Net Worth Detail link for Parent Contribution on the Institutional EFC View detail information about parent s net worth the total assets calculated Summary Detail page by EFM
7. Extension 3 page Use the INAS Institutional Extension 3 page to override INAS global policy options for the given income tax and allowances Adjusted Gross Income Untaxed Income Tax Paid Estimated Tax Cost of Living Allowance Index Income Protection Allowance Allowances Tuition Medical Dental Employment Enter an amount to override the student or parent adjusted gross income Enter an amount to override the student or parent untaxed income 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 amp Parms page Enter an amount to override the estimated tax calculated by the IM method Enter an amount to override the Adjust IPA MMA Regional COL Income Protection Allowance Monthly Maintenance Allowance Regional Cost of Living value based on options set on the IM Tax Assess amp Parms page Enter an amount to override the Adjust IPA MMA Regional COL calculated based on options set on the IM Tax Assess amp Parms page Enter an amount to override the Max Tuition Allowance maximum tuition allowance per child on the IM Value Parms 1 page Enter an amount to override the Unreimbursed Med Dent Expense percent unreimbursed medical dental expense on the IM Value Parms 1 page Enter an amount to override Employment Allowance percent employment allowance and Max Employment Allowance maximum employment allowance on
8. Federal Tax INAS Calc Type Fh amp IM Tuition INAS Data Source Both Fil 7 Medical Dental Other Dependency Override 0 i Sa SS owance I calc a PC for Independent Assets Budget Durations Other EFC P tion Opti 5 s Assumption Overrides Override Federal EFC Number in College Reject Overrides Reject D Override z Reject E Override z Reject F Override x Reject R Override z Reject S Override z Reject T Override z INAS Federal Extension page Federal INAS Rule Set INAS Calc Type INAS calculation type INAS Data Source Dependency Override Calc a PC for Independent calculate a parent contribution for independent Override Federal EFC Budget Durations Select a rule set Select a calculation type from FM IM or FM amp IM Select FM IM or Both F I Select either Ind Prof J individual professional judgement or No no override Select to calculate a parental contribution for independent students if parental data is available The parental contribution is calculated but not added to the EFC See Isfa Processing INAS Overriding Expected Family Contribution EFC Click this link to access the INAS Federal Extension Budget Durations page You can enter any value for FM budget duration Federal rules allow whole numbers only for budget duration If the total allocation for the budget duration is greater than 12 months a 9 month EFC is calculated
9. INST_PFM_TI_SEC_nn Click the Total Income Detail link on the Institutional EFC Summary Detail page View total income information for parents using estimated federal methodology Total Income is the difference between the combination of taxable income untaxed income and income adjustments on earned income Total Income Detail Student Contribution IM IM w Options IM Estimated INST_SIM_TI_SEC_nn INST_SIM_TIO_SECnn INST_SIM_TIE_SECnn Click the Total Income Detail link on the Institutional EFC Summary Detail page View total income information for the student using institutional methodology Total Income is the difference between the combination of taxable income untaxed income and income adjustments on earned income Total Income Detail Student Contribution EFM INST_SFM_TI SEC nn Click the Total Income Detail link on the Institutional EFC Summary Detail page View total income information for the student using estimated federal methodology Total Income is the difference between the combination of taxable income untaxed income and income adjustments on earned income Available Income Detail Parent Contribution IM IM w Options INST_PIM_AI SEC mn INST _PIM_AIO nn Click the Available Income Detail link on the Institutional EFC Summary Detail page View information about parents contribution using institutional methodology The system displays allo
10. ISIR files with the appropriate data load parameters or by using population update Viewing Federal EFC Information 52 This section discusses how to review Federal EFC summary information Pages Used to Review Federal EFC Information Bundle 15 Bundle 22 The View 2007 2008 FM EFC Detail component is removed and the data is available in Financial Aid History Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Note The navigation paths for the pages listed in the following page introduction table are for aid year 20nn 20nn Oracle supports access for three active aid years Summary link on the Federal EFC Summary inquiry page Page Name Definition Name Navigation Usage Federal EFC Summary ISIR FM_SUMRY nn Financial Aid Federal Review information Application Data View about a student s federal 20nn 20nn FM EFC Detail EFC expected family Federal EFC Summary contribution ISIR Information ISIR_INFO_SMRY_SEC Click the ISIR Information View ISIR summary information for this student Assumption Detail STDNT_FM_ASMP_ SEC Click the Assumption Detail link on the Federal EFC Summary inquiry page View a long description of any assumption the system is using in the INAS calculation Detail link on the Federal EFC Summary inquiry page Total Income Detail ISIR_TI_SEC Click the Total Income Detail View total income link on the Federa
11. aid years For Total Student Contribution N A is displayed to more closely align interim calculation results with Software Developer Specifications for Independent Students without Dependents formula 2 and 5 students 54 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Viewing Institutional EFC Information Processing INAS This section provides an overview of institutional EFC calculations and discusses how to review an institutional EFC summary Understanding Institutional EFC Calculations The following methodologies are used to calculate both parent and student contributions shown on the Institutional EFC Summary page Estimated federal methodology EFM uses the federal methodology provided by the College Board to calculate an estimated federal contribution e Base Institutional Methodology IM uses the institutional methodology provided by the College Board IM with Options uses the IM provided by the College Board and can reflect override options that you set up Student contributions are also calculated by IM Estimated which uses the IM estimated summer and academic year data All computations are nine month calculations regardless of the student s dependency status Pages Used to View Institutional EFC Note The navigation paths for the pages listed in the following page introduction table are for aid year 20nn 20nn Oracle supports access for three active aid years
12. return to this page and click the Defaults button Note Ensure that the budget duration set in global policy options or at the extension level supports the EFC overrides being established for the award period Warning messages appear if you create overrides for an award period that is not supported by the budget duration Accessing Institutional EFC Overrides Access the INAS Institutional Extension 1 page Copyright 2009 Oracle and or its affiliates All rights reserved 39 Processing INAS 40 Chapter 1 INAS Institutional Extension 1 INAS Rule Set Application Source Profile a Budget Durations Override Institutional EFC _ Work Study Income Exclusion Use Projected Year Income Can IM Contribution Fall Below FM Hope Lifetime Add Back Parent Tax Table Independent Exclude Tuition Fee Deduction Extension Extension3 Extension4 Extension 5 Delete Alt Min SC from Income Calc IGNORE LOSSES El calc PC For Independent _ Business Farm 1 Skip Family Member Exclusion _ Other CI Limit Intl Student s IPA Cl Country Coefficient TCA STUDENT PARENT O O O O O oO INAS Institutional Extension 1 page Use the Override Institutional EFC link on this page to override the academic or non standard parent contribution or student contribution Note You must select an INAS Rule Set before setting the budget duration and overriding the EFC When creating an extension record you must
13. the College Board INAS User Manual FM Budget Durations Click this link to access the FM Budget Durations page which shows academic and non standard durations for both dependent and independent students EFC Prorations Options Click this link to access the EFC Proration Options page Institutional Use the Institutional group box to define how INAS computes your IM Use Which EFC Select a value to determine the institutional EFC displayed on the Need Summary page and used in the Award Entry component Values are Copyright 2009 Oracle and or its affiliates All rights reserved 5 Processing INAS Application Source State Chapter 1 Est Fed estimated federal methodology Select to display and use the EFM EFC Greatest Select to compare base IM with options and estimated federal EFC and then use the greatest EFC value of the three Inst W Opt Select to use the IM EFC as a result of the calculation of IM with options Inst Select to use the IM EFC as a result of the base IM calculations Select an application source Values are FT CSL full time Canada Student Loan Used in Canadian Need Analysis Inst App institutional application NA Need Access PT CSL part time Canada Student Loan Used in Canadian Need Analysis Profile Select the state in which your institution is located INAS uses this field to determine a student s budget requirements Using EFC Proration Options Access the EFC Prora
14. the number of months for the nonstandard term to be considered during Processing INAS Chapter 1 Independent Students Academic Enter the number of months for the academic term to be considered during need analysis for independent students Non Standard Enter the number of months for the nonstandard term to be considered during need analysis for independent students Defining IM Budget Durations Access the IM Budget Durations page click the IM Budget Durations link on the Global and Federal Options page INAS Local Policy Options IM Budget Durations INAS Rule Set CSS Rules Values IM Budget Durations Dependent Students Academic 9 0 Non Standard 0 0 Independent Students Academic 9 0 Non Standard 0 0 IM Budget Durations page Dependent Students Academic Enter the number of months for the academic term to be considered during need analysis for dependent students Non Standard Enter the number of months for the nonstandard term to be considered during need analysis for dependent students Independent Students Academic Enter the number of months for the academic term to be considered during need analysis for independent students Non Standard Enter the number of months for the nonstandard term to be considered during need analysis for independent students Defining IM Tax and Assessment Parameters Access the IM Tax Assess amp Parms page Set Up SACR Product Related Financial Aid Appli
15. to access the Institutional Assumption Detail page which describes any INAS assumptions that apply to the student Click the Detail links to access detailed information for each displayed amount See Isfa Processing INAS Reviewing INAS Assumption Codes Parent Contribution EFM totals are always displayed Select either basic IM or IM with options Base IM IM w Options EFM estimated federal methodology Copyright 2009 Oracle and or its affiliates All rights reserved Uses the institutional methodology provided by the College Board Uses the institutional methodology provided by the College Board and reflects override options set up by your institution Uses the federal methodology formula provided by the College Board to calculate an estimated federal parent contribution 59 Processing INAS Chapter 1 Student Contribution EFM totals are always displayed Select Base IM IM Estimated or IM with Options Base IM Uses the institutional methodology provided by the College Board IM Estimated Uses the institutional methodology estimated summer and academic year data All computations in this section are nine month calculations IM w Options Uses the institutional methodology provided by the College Board and reflects override options set up by your institution EFM estimated federal Uses the federal methodology formula provided by the College Board to methodology calculate an estimated federal student co
16. 0nn Maintain Application 20nn 20nn Override INAS global policy options 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 Copyright 2009 Oracle and or its affiliates All rights reserved 37 Processing INAS Chapter 1 Accessing Federal EFC Overrides Access the INAS Federal Extension page click the FM link on the EFC DB Matches Corr page INAS Federal Extension Federal INAS Rule Set css Rules INAS Calc Type FM amp M 7 INAS Data Source Both Fil 7 So Dependency Override 0 I Calc a PC for Independent Budget Durations EFC Proration Options Override Federal EFC STUDENT PARENT Allowances Calculate Federal Tax z z Tuition Medical Dental Other Asset Allowance Assets Other Assumption Overrides Number in College Reject Overrides Reject D Override z Reject E Override H Reject F Override H Reject R Override z Reject S Override z Reject T Override z INAS Federal Extension page Use the Override Federal EFC link on this page to override the academic or non standard parent contribution or student contribution Note You must select an INAS Rule Set before setting the budget duration and overriding the EFC When creating an extension record you must always
17. 4 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Percentages The system determines which set of allocation percentages to use Standard Alternate 1 or Alternate 2 based on the Allocation Percentages field value the Minimum Year in School for Alternate Percentages field value and the student s year in school This table illustrates when the system uses each set of allocation percentages Percentage Minimum Student s Standard Alternate 1 Alternate 2 Allocation Year in Year in Allocation Percentages Percentages Option School for School Percentages Alternate Percentages Standard Table If blank This percentage is used Standard Table If not blank Is less than This percentage Minimum Year is used in School Standard Table If not blank Is greater than NA NA This percentage or equal to is used Minimum Year in School Optional Table If blank This percentage is used Optional Table If not blank Is less than This percentage Minimum Year is used in School Optional Table If not blank Is greater than This percentage or equal to is used Minimum Year in School See Also College Board INAS User Manual Defining IM Yes and No Options Access the IM Yes No Options page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options IM Yes No Options Copyright 2009 Oracle and or its affiliates All rights reserved 15 Processin
18. Bdg ratio budget or Sum of Bdg sum of budget Your selection overrides the value selected on the Minimum PC Range page and the Budget Options page Select to override the value selected for the Fed Tax Allwnc Against Income field on the IM Tax Assess amp Parms page Select from Alt Calc Highest Proj Diff Projected or Reported to override the value on the Home Asset Projections page Select Combined or No Projctn to override the value on the Asset Options page Select a value to override the value selected for the Use Parent AGI field on the IM Tax Assess amp Parms page Select how the parent AGI is represented from CSS Deflt CSS default Use Cmptd use computed Use Rptd use reported Use TaxRtrn use tax return Select a value to override the value selected for the Studnt Assets as Family Assets field on the IM Tax Assess amp Parms page Overriding INAS Institutional Extension Options 3 Access the INAS Institutional Extension 3 page click the Extension 3 link on the INAS Institutional Extension 1 page Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS INAS Institutional Extension 3 STUDENT PARENT Adjusted Gross Income Untaxed Income Tax Paid Estimated Tax Cost of Living Allowance Index Income Protection Allowance Allowances Tuition Medical Dental Employment Federal Insurance Compensation Income INAS Institutional
19. CHAPTER 1 Processing INAS The College Board Institutional Needs Analysis System INAS is the source for policy options used by Campus Solutions To set up federal methodology FM and institutional methodology IM use the INAS Global Options component LOCAL POLICY PT_nn This component defines the global policy options for both FM and IM As you define your policy options select the options for the majority of your student population You can override global policy options on a student by student basis using extensions This chapter describes how to e Define federal and institutional methodologies FM and IM e U e Override estimated FM expected family contribution EFC se FM and IM extensions to override options e Use EFC values U e U Defining Federal and Institutional Methodologies This section provides an overview of IM and FM and discusses how to se INAS simulation se INAS batch calculations View federal EFC information View institutional EFC information Review need summary Review INAS assumption codes Define global and federal options Use EFC proration options Define FM budget durations Define IM budget durations Define IM tax and assessment parameters Define EFM yes and no options Define IM value parameters 1 Define IM value parameters 2 Define IM yes and no options Copyright 2009 Oracle and or its affiliates All rights reserved Processing INAS Cha
20. INAS_LCL_PLCY7_nn Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options Home Asset Projections Define options and values for assessing home equity for parents and students Define asset assessment rates Copyright 2009 Oracle and or its affiliates All rights reserved Processing INAS Chapter 1 Page Name Definition Name Navigation Usage Minimum PC Range INAS LCL PLCY8 nn Set Up SACR Product Define institutional minimum parental Related Financial Aid minimum parental ae Application Processin contribution values based on tribut pp g eee INAS 20nn 20nn Global income ranges Options Minimum PC Range Budget Options INAS_LCL_PLCY9 nn Set Up SACR Product Define allocation of total Related Financial Aid parental contribution to Application Processing children on the basis of INAS 20nn 20nn Global educational costs Options Budget Options Defining Global and Federal Options Bundle 15 Bundle 22 The INAS 2007 2008 Global Options component is removed The INAS 2010 2011 Global Options component is added Access the Global and Federal Options page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options Global and Federal Options IM TawAssess amp Parms EFM Yes No Options Global and Federal Options IM Value Parms 1 Institution PSUNY Find View All Aid
21. Institutional Budgets Re maximizing other family members share of total PC based on an average of total budget by educational sector of Total Budget for 1 2 time 2yr Public Institution 2yr Private Institution 4yr Public Institution In State Undergrad Out of State Undergrad ue Limit PC 14 054 4yr Private Institution 24 901 Grad Prof Institution 18 326 Proprietary Institution 14 118 In State Graduate 18 856 Out of State Graduate Budget Options page The system displays the aid year and institution Institutional of Total Budget for 1 2 time percentage of total budget for half time Limit PC limit parental contribution See Also Enter a percentage of the total budget that you want to use for a student attending an institution half time Note The value 00 is equal to 100 percent Select a parental contribution limit Values are Tot Bdgt percentage of total budget Select to have the parental contribution limited to the percentage calculated as follows budget total for other children divided by budget total for all children that their total budget compared to the total budget including the applicant Lowest Compare the parental contribution limits set by Tot Bdgt and Sum Bdgt and set the limit to the higher value No Indicate that no parental contribution limit is set Sum Bdgt sum budget Limit the parental contribution to the sum
22. Institutional Extension 2 page click the IM Extension 2 link on the INAS Institutional Extension 1 page Use Which EFC Dependency Override Limit Share of PC Total Budget Calculate U S Tax Use Parent AGI Override Imputation Of Home Override Imputation Of Assets Student Assets as Family Assets INAS Institutional Extension 2 inst wiOpt STUDENT css Rules x Reported No Projctn Separate PARENT css Rules Reported gt No Projctn gt css Dent INAS Institutional Extension 2 page Use the INAS Institutional Extension 2 page to override options used to determine the student s total budget Use Which EFC 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 Copyright 2009 Oracle and or its affiliates All rights reserved 31 Processing INAS 32 Dependency Override Limit Share of PC Calculate U S Tax Override Imputation of Home Override Imputation of Assets Use Parent AGI use parent adjusted gross income Student Assets as Family Assets student assets as family assets Chapter 1 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 Select from Lowest No Ratio
23. Med Dent Exp Increase Last Year SC Increase Last Year PC Of Stdnt IRA Include In NW i Max Tuit Allowance Per Child Min Contribution From Asset Min Contribution From Asset Max Employment Allowance Max Employment Allowance IM Value Parms 1 page Enter the IM values for the aid year institution and selected INAS rule set Use the default values or enter the percentages and values set by your institution for students and parents See Also College Board INAS User Manual Defining IM Value Parameters 2 Access the IM Value Parms 2 page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options IM Value Parms 2 Global and Federal Options IM TawAssess amp Parms EFM Yes No Options IM Value Parms 1 IM Value Parms 2 M Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY Multi College Enrollment PC Allocation Find View All First 4 4 of 2 D Last INAS Rule Set CSS Rules Values v E Allocation Percentages s Q Use std Minimum Year in School for Alternate Percentages Percentages Standard Alternate 1 Alternate 2 21n College 0 2in College 0 500 2in College 0 500 3 In College 3in College _ 0 333 3 in College 4inCollege 0 4in College _ 0 250 4 in College IM Value Parms 2 page Select the IM options and enter the IM values for the aid year institution and selected INAS rule set 1
24. NAS Note The navigation paths for the pages listed in the following page introduction table are for aid year 20nn 20nn Oracle supports access for three active aid years Page Name Definition Name Navigation Usage Student Income Assets INAS_SIM_STUI_nn Financial Aid Federal Application Data Simulate 20nn 20nn FM INAS Student Income Assets View or update fields from ISIR Corrections to perform an INAS calculation INAS Simulation Federal INAS_SIM_FEDEX Snn Click the Federal Extension Override the INAS global Extension link on the Student policy options at the student Income Assets page level INAS Simulation Budget INAS_SIMEX_DUR_SEC Click the Budget Durations Override INAS global policy Durations link on the INAS Simulation options for federal academic Federal Extension page and non standard budget duration INAS Simulation EFC INAS_SIMEX PRO SEC Click the EFC Proration Override proration Proration Options Options link on the INAS options for academic and Simulation Federal non standard months Extension page INAS Simulation EFC INAS_SIMEX_EFC_SEC Click the EFC Override link Override EFC components Override on the INAS Simulation for academic and Federal Extension page non standard award periods Student Information INAS_SIM_STU2_nn Financial Aid Federal View or update fields from Application Data Simulate ISIR Corrections to perform 20nn 20nn FM INA
25. Net Worth 230 000 Child Support Paid 179 Res Prior 2004 No Tax Deferred Pension 210 Need Based Employment 140 Tax Form 1040 Mi Self Employment Payment 215 Grant Scholarship Aid 145 Tax Return Filed Filed Comk Child Support Received 220 Combat Pay 150 Elig 1040A EZ Interest Income 225 Father Birth Date 01 01 1954 untaxed IRA Distributions 230 Add Fin Total 750 Mother Birth Date 91 01 1962 Untaxed Pensions 235 Military Allowance 240 Parent Income Assets page Working with Parent Information Access the Parent Information page Financial Aid Federal Application Data Simulate 20nn 20nn FM INAS Parent Information 48 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Chad Harper Student Income Assets Student Information Aid Year 2010 Financial Aid Year 2009 2010 Parent Income Assets Parent Information Overrides FAQ636 PSUNY Get Federal Data Food Stamps 1 Q School Lunch 1 Q SSI 1 Q TANF 1 1Q WIC 1 Q Dislocated Worker 2 Q Dependency Status Dependent wiPrimary EFC Yes Yes Yes Yes Yes No Federal Extension Need Summary Formula Type 4 Simp Dep Primary EFC 440 Prorated EFC 440 Parent Information page Field Name Abbreviations and Explanations School Lunch free or reduced price lunch SSI Supplemental Security Income TANF Temporary Assistance for Needy F
26. Net Worth Detail Student INST_SIM_NW_SEC mn Click the Net Worth View detail information Detail link for Student about student s net worth Contribution IM IM w Options IM Estimated INST_SIM NWO SECnn INST_SIM_NWE_SECnn Contribution on the Institutional EFC Summary Detail page the total assets calculated by IM Net Worth Student Contribution EFM INST_SFM_NW_SEC_nn Click the Net Worth Detail link on the Institutional EFC Summary Detail page View information about student s net worth the total assets calculated by EFM Discretionary Net Worth Income Supplement Detail Parent Contribution IM IM w Options INST PIM_DN SEC nn INST_PIM_DNO_SECnn Click the Discretionary Net Worth Income Supplement Detail link on the Institutional EFC Summary Detail page View information on calculated allowances to offset net worth for the parent using institutional methodology Discretionary Net Worth Income Supplement Detail Parent Contribution EFM Discretionary Net Worth Income Supplement Detail Student Contribution IM IM w Options IM Estimated INST_PFM_IS SEC_nn INST_SIM_DN_SEC_nn INST_SIM_DNO_SECnn INST_SIM_DNE_SECnn Click the Discretionary Net Worth Income Supplement Detail link on the Institutional EFC Summary Detail page Click the Discretionary Net Worth Income Supplement Detail link on the Institutional EFC Summary Detail page View information on calcula
27. Policy Options at the student level Need Summary Click this link to view a student s need summary Need summary information reflects only current values New data that you have calculated is not reflected on Need Summary pages until you click the Use Simulated Data button refresh the page and click Get Fed Data again Monthly EFC Click this link to access the INAS Simulation Monthly EFC page to view the INAS calculated monthly EFC for months 1 8 and 10 12 Formula Type Displays the formula type used in the INAS calculation When you click the Get Federal Data button the system populates the ISIR formula type on record and updates the formula type when INAS is called Primary EFC Displays the 9 month EFC When you click the Get Fed Data button the system populates the ISIR Primary EFC on record and updates the Primary EFC when INAS is called Prorated EFC Displays the 9 month or other than 9 month EFC When you click the Get Fed Data button the system populates the ISIR Prorated EFC on record and updates the Prorated EFC when INAS is called Working with Student Income and Assets Access the Student Income Assets page Financial Aid Federal Application Data Simulate 20nn 20nn FM INAS Student Income Assets Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Student Income Assets Studentinformation Parentincome Assets ParentInfo
28. S an INAS calculation Student Information Parent Income Assets INAS_SIM_PARI nn Financial Aid Federal View or update fields from Application Data Simulate ISIR Corrections to perform 20nn 20nn FM INAS Parent an INAS calculation Income Assets Parent Information INAS_SIM_PAR2 nn Financial Aid Federal View or update fields from Application Data Simulate ISIR Corrections to perform 20nn 20nn FM INAS Parent an INAS calculation Information Overrides INAS_SIM_OVRD_nn Financial Aid Federal View or update fields from Application Data Simulate 20nn 20nn FM INAS Overrides ISIR Corrections to perform an INAS calculation Set Dependency Override and Correction Status Common Page Elements for the INAS Simulation Component The following elements appear on the Student Income Assets page Student Information page Parent Income Assets page and Overrides page Get Federal Data INAS Click this button to copy the student s latest ISIR data from the Federal Extension record to this page Click this button to invoke a Remote Function Call of the INAS calculation Copyright 2009 Oracle and or its affiliates All rights reserved 43 Processing INAS Chapter 1 44 Use Simulated Data Click this button to move the simulated data into production Federal Extension Click this link to access the INAS Simulation Federal Extension page and make changes to an existing extension or override the INAS Global
29. SS Deflt CSS default Use Cmptd use computed Use Rptd use reported Use TaxRtrn use tax return Select to adjust the cost of living calculation based on regional COL differences for an independent student or for the parent of a dependent student Values are No Stu Par student parent Yes Par yes parent Yes Stu yes student Select to adjust the emergency reserve allowance for both students and parents for independent students or for parents only Values are No Yes Both Yes Indep yes independent Yes Parent The ASG Total Income Percentage default value is unchanged Alternate values in the table are updated Copyright 2009 Oracle and or its affiliates All rights reserved Processing INAS ASG Total Income Percentage annual savings goal total income percentage Chapter 1 Select a value for the ASG total income percentage This percentage is used as an allowance against income The default value is 7 52 Selecting one of the other values 1 14 or 1 35 changes the minimum value used for cumulative education savings allowance CESA This table lists the ASG of total income percentages the corresponding maximum allowance caps and CESA minimum values that are current as of aid year 2010 2011 ASG Total Income Percentage 1 52 1 14 1 35 Select Available Income Table Rstrct Household Max Age restrict number in household maximum age Rstrct in College Max Age
30. Year 2010 Financial Aid Year 2009 2010 INAS Rule Set Css Rules Values v E Global INAS Data Source Institutni v INAS Calc Type iM x Calc Fed Tax Student o FATE Calc Fed Tax Parent Fi EFC Proration Options Calc PC For Independent Fi Institutional i Inst v use WES IM Budget Durations Application Source Profile v State v Global and Federal Options page Use this page to set INAS calculation options for ISIR records or Profile records With the delivery of IM each year the INAS Data Source and INAS Calc Type values are limited to Institutional and IM After FM is delivered the values of Federal Both F I FM and FM amp IM are available as additional processing options Select the INAS rule set The INAS rule set value enables full flexibility to determine how need analysis is processed for different academic careers or academic programs it is linked INAS Rule Set Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS to a specific academic career or program through the valid careers for aid year and valid programs for aid year tables Your institution can create additional INAS rule sets The INAS rule set refers to the INAS base rules delivered with the Financial Aid system Values are CSS Rules Values Health Professional and Undergraduate Graduate Global Use the Global group box
31. adjusted gross income and untaxed income overrides for the EFM student contribution Select to impute the value of EFM assets based on the interest and dividend income reported on the PROFILE form Select to use the parent s expected year earnings instead of base year for EFM Select to use the IM s adjusted gross income and untaxed income overrides for the EFM parent contribution Select to enable the system to perform calculations using assumptions made by the system For example if the father reports income of 50 000 00 USD and the mother reports income of 50 000 00 USD and the adjusted gross income is left blank the system assumes the total income to be 100 000 00 USD The calculation then uses an assumed adjusted gross income of 100 000 00 USD College Board INAS User Manual Defining IM Value Parameters 1 Access the IM Value Parms page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options IM Value Parms 1 Copyright 2009 Oracle and or its affiliates All rights reserved 13 Processing INAS Chapter 1 Global and Federal Options IM TawAssess amp Parms EFM Yes No Options IM Value Parms 1 IMVvalue Parms 2 9D Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNV Find View All First L INAS Rule Set CSS Rules Values v Institutional Employment Allowance Employment Allowance Unreimbursed Med Dent Exp Unreimbursed
32. al methodology Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Page Name Definition Name Navigation Usage Contribution for Student INST_SFM_TC_SEC_nn Click the Contribution for View information about Detail Student Contribution Student Detail link on the student contribution Institutional EFC Summary using estimated federal EFM Detail page methodology Reviewing an Institutional EFC Summary Access the Institutional EFC Summary page Financial Aid Institutional Application Data View 20nn 20nn IM EFC Detail Institutional EFC Summary Institutional EFC Summary Reeves Douglas G ID FA1023 Aid Year 2011 Source Profile Institution PSUNY IM Assumptions PARENT CONTRIBUTION STUDENT CONTRIBUTION Dependent wiPrimary EFC m Base IM v Base IM v EFM Total Income 119 049 Detail 117 249 0 Deta 0 Detail Available Income 35 958 Detail 45 148 0 Deta 9 999 999 Detail Net Worth 29 571 3 800 100 Deta 100 Detail DNWAnc Supp 0 0 100 Deta 20 Detail Contrib for Student 1 175 Detai 35 Detail Institutional EFC Summary page The system displays the Total Income Available Income Net Worth DNW Inc Supp Discretionary Net Worth Income Supplement and Contribution for Student for both parent and student contribution for the selected student application source and aid year Click the IM Assumptions link
33. al number in college assumed from family matrix E INAS IM Assumption Codes page Use this page to review the IM assumption code defined by INAS for the aid year Copyright 2009 Oracle and or its affiliates All rights reserved
34. always select an INAS Rule Set Failing to do so affects your expected results Using the Institutional EFC Override Function Access the Institutional EFC Override page click the Override Institutional EFC link on the INAS Institutional Extension 1 page Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Institutional EFC Override INAS Rule Set CSS Rules Use EFC Override Values _Defaults_ Institutional Extension Override EFC Components sc PC EFC Award Period Academic Non Standard Total Aid Year Institutional EFC Override page Use EFC Override Values Select this check box and call INAS for the system to use your override values If you want to use actual calculated values clear the check box and call INAS Using Estimated FM EFC Values The Financial Aid system stores the estimated FM EFC which is calculated using institutional application data for awarding federal funds when only institutional data is available The system stores and displays the estimated FM EFC only when no ISIR exists for the student As soon as you load an ISIR for the student and call INAS the estimated FM EFC is replaced by the EFC from the ISIR Note The system does not consider the status of the ISIR before replacing the estimated FM EFC it replaces the estimated values with the EFC value from the ISIR after INAS is called When in use the esti
35. amilies WIC Women Infants and Children Working with Assumption Overrides Access the Overrides page Financial Aid Federal Application Data Simulate 20nn 20nn FM INAS Overrides Copyright 2009 Oracle and or its affiliates All rights reserved 49 Processing INAS Chapter 1 Student information Parent Income Assets Parent Information Overrides Chad Harper ID FA0636 Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY _ Get Federal Data Federal Extension Formula Type 4 Simp Dep MAS Need Summary Primary EFC 440 ce eimulaledi pata Monthly EFC ProratedEFC 440 STATUS OVERRIDES Dependency Override Q Correction Status 2 Q Sena ASSUMPTION OVERRIDES Parent Number in College E Q Yes Student Number in College E Q yes Parent AGI 1 Q yes Student AGI MJA Yes Parent WKC Assumed Zero E Q ves Student WKC Assumed Zero E Q ves Reject Override A E Q Yes Reject Override K E Q yes Reject Override B E Q yes Reject Override W E Q Yes Reject Override C E Q Yes Reject Override 3 E Q yes Reject Override G 1 Q yes Reject Override 4 MQ Yes Reject Override N 1 Q Yes Reject Override 12 1 Q Yes Reject Override J 1 Q Yes Reject Override 20 1 Q Yes Overrides page STATUS OVERRIDES Dependency Override Correction Status Values include 1 Dependent to Independent You can select this value 2 Cancel Dep Override Corr Only You can select this val
36. an calculated tax amounts Alt Min SCI alternate Select to indicate Yes default clear to indicate No for this Yes No option If minimum student the check box is selected the application performs the Alternate Minimum contribution from income Student Contribution from Income calculation using the following calculations 1 Multiply the Student s Available Income by the Available Income Assessment Rate Parent s Marginal Rate from Income Band For example 10 000 USD x 22 2 200 USD 2 Compare the result 2 200 USD to the Student Standard Contribution from Income For example 2 150 Non First Year Dependent Students and take the higher of the two amounts In this case 2 200 3 To obtain the Student Contribution Cap multiply the Total Parent Contribution by 50 For example 6 000 USD x 50 3 000 USD 4 The Minimum Student Contribution from Income is the lesser of the value in Step 2 2 200 USD or the Student Contribution Cap 3 000 In this case it is 2 200 USD IM lt FM institutional Select to allow the calculated IM EFC to be below the calculated FM methodology is less than federal methodology Ind Use Par St Tax Alwne Select if the student is independent with dependents but you want to use the independent use parent state parent s state tax allowance table in the calculation When this check box is tax allowance selected in conjunction with the Use FM Tx check box Use FM Tx takes priority for independen
37. and used in the academic award period and no EFC is calculated for the non standard award period Copyright 2009 Oracle and or its affiliates All rights reserved 27 Processing INAS 28 Allowances Calculate Federal Tax Tuition Medical Dental Other Asset Allowance Assets Other Assumption Overrides Number in College Reject Overrides Reject D Override Reject E Override Reject F Override Reject R Override Reject S Override Reject T Override Chapter 1 Select to calculate federal tax as defined by INAS Enter a value to offset tuition expenses Enter a value to offset medical dental expenses Enter a value to offset total allowances Enter a value to include in net worth calculations Enter a value to include in net worth calculations Select one of the following Ovrd Asmpt override assumption to override the number in college assumption when calculating the parent contribution Don t Ovr don t override to accept the number in college assumption when calculating the parent contribution Select Don t Supp Do not suppress to enforce Reject D Select Supp Rej D suppress reject D to override Reject D Select Don t Supp Do not suppress to enforce Reject E Select Supp Rej E suppress reject E to override Reject E Select Don t Supp Do not suppress to enforce Reject F Select Supp Rej F suppress reject F to override Reject F Select Don t Supp Do not suppress to en
38. asic overrides From this page access other extension pages budget duration or EFC overrides INAS Rule Set Application Source Budget Durations Override Institutional EFC Alt Min SC from Income Calc alternate minimum student contribution from income calculation Select an INAS rule set value to determine which global policy option rule to use as a base Select an application source from FT CSL full time Canada Student Loan Used in Canadian Need Analysis Inst App institutional application NA Need Access PT CSL part time Canada Student Loan Used in Canadian Need Analysis Profile Click this link to access the Institutional Budget Durations page You can enter any value for IM budget duration Institutional rules allow whole numbers with one decimal place Click this link to access the Override Institutional EFC page where you can override the institutional EFC amount as described later in this chapter Select this check box to override the Alt Min SCI option set for the student on the IM Yes No Options page Copyright 2009 Oracle and or its affiliates All rights reserved 29 Processing INAS Calc PC For Independent calculate parental contribution for independent Skip Family Member Exclusion IGNORE LOSSES Business Farm IGNORE LOSSES Other Work Study Income Exclusion Limit Intl Student s IPA Limit International Student s Income Protection Allowance Country Coeff
39. cation Processing INAS 20nn 20nn Global Options IM Tax Assess Parms 8 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Global and Federal Options IM Tax Assess amp Parms EFM Yes No Options IM Value Parms 1 IM Value Parms 2 IM Yes No Options Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY Institutional Use Parent AGI Adjust IPAJMMA Regional COL Adjust ERA Regional COL ASG Total Income Percentage Select Available Income Table Fed Tax Allwnc Against Income Use 70 Income Assmnt for Ind PARENT CSS Rules Income Assmnt Rate for Dep 0 50 Find view an First 4 4 of 2 D Last INAS Rule Set CSS Rules Values v E CSS Deft Y kstret Household Max Age Ne i Rstrct in College Max Age No v Studnt Assets as Family Separate v tian i Assets 3 New v Yes Fed Tax Allwnc Against Income 89 Rules v IM Tax Assess amp Parms page The system displays the aid year and institution Institutional Use Parent AGI use parent adjusted gross income Adjust IPA MMA Regional COL adjust income protection allowance monthly maintenance allowance regional cost of living Adjust ERA Regional COL adjust emergency reserve allowance regional cost of living Bundle 15 Bundle 22 Select how the parent AGI is represented Values are C
40. dent Information Access the Student Information page Financial Aid Federal Application Data Simulate 20nn 20nn FM INAS Student Information 46 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Student Income Assets Student Information Parent Income Assets Parent Information Overrides Chad Harper ID FAQ636 Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY Get Federal Data Federal Extension Formula Type 4 Simp Dep jn Need Summary Primary EFC 440 jee silat Sie Monthly EFC Prorated EFC 440 Dependency Status Dependent wiPrimary EFC Veterans Benefits JQ Born Prior 1986 2 Q No Food Stamps 1 Q Yes Veteran Benefit Type JQ Veteran 2 Q No School Lunch Q yes Grade Level istyrAB ov On Active Duty 2 Q No SSI 1 Q ves Dependents 2 1Q no Graduate Student 2 Q No TANF 1 Q yes Orphan 2 Q No Selective Service Q WIC 1Q amp Yes Children 2 Q No 1st Degree 2 Q No Work or Loan Q Both Emancipated Minor 2 Q No Enroll Status 1 Q Full Time Drug Offense 11a Eligible Legal Guardianship 2 Q No Risk of Homelessness 2 Q No Unaccompanied Youth School 2 Q No Dislocated Worker 2 Q No Unaccompanied Youth HUD 2 a No Student Information page Grade Level Select from Ist yr AB attended before Ist yr GP graduate professional Ist yr NA never attended 2nd yr Sph sophomore 3rd yr Jnr junior 4th yr Snr s
41. ears in Yield 1 in calculation The system uses the percentage in Yield 2 in the calculation for the amount above 10 000 00 USD If the tolerance is set to 500 00 USD and the imputed value when compared to the reported value is within the specified tolerance you can decide to use the reported value Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS INAS uses the reported income and the expected rate of return to project the asset value required to produce that income If the projected value is greater than the reported asset value by more than the tolerance level the projected value is substituted for the reported asset value Inv Dvd investment and Set up the appropriate limit and tolerance to compare the reported value to the dividend imputed value as described previously Note The Asset Option Ind Proj asset option individual projection field is not available for students See Also College Board INAS User Manual Defining Home and Asset Projections Access the Home Asset Projections page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options Home Asset Projections IM Value Parms 2 IM Yes No Options Minimum SC Income Asset Options Home Asset Projections Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY Find view Al First 4 4 of 2 D Last INAS Rule Set CSS RulesfValues v Institu
42. enior Sth yr UG undergraduate Grad Prof graduate professional beyond 1 year Field Name Abbreviations and Explanations On Active Duty active duty status for US Armed Forces School Lunch free or reduced price lunch SSI Supplemental Security Income TANF Temporary Assistance for Needy Families WIC Women Infants and Children Copyright 2009 Oracle and or its affiliates All rights reserved 47 Processing INAS Chapter 1 Unaccompanied Youth HUD Unaccompanied Youth Housing and Urban Development Working with Parent Income and Assets Access the Parent Income Assets page Financial Aid Federal Application Data Simulate 20nn 20nn FM INAS Parent Income Assets StudentIncome Assets Studentinformation ParentIncome Assets Parent Information Overrides Chad Harper ID FA0636 Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNV Get Federal Data Federal Extension Formula Type 4 Simp Dep i Need Summary Primary EFC 440 DEE rien az Monthly EFC Prorated EFC 440 Marital Status MarReMar Y AGE 48 345 Veterans Non Ed Benefits 245 Marital Status Date E U S Tax Paid 15 678 Other Untaxed Income 4300 Legal Res State OH w Father s Earnings 15 500 Legal Res Date 01 01 1996 J Mother s Earnings 30 000 Untaxed Income 6 120 In Family 04 Cash 55 200 In College 1 Inv Net Worth 140 437 Educational Credits 136 Exemptions 04 Q Bus
43. ess it exceeds the tolerance when the difference is compared to the calculated home value If it exceeds the tolerance the value is adjusted accordingly Home Cap Enter a multiplier if you do not want the reported value or the computed value to exceed a certain multiple of the family s income The system multiplies this value with total income to adjust the value of the home Home Equity Cap Factor Enter a cap factor from 0 0 to 9 9 Home equity is then capped using the factor times the computed income Asset Assessment Rate Asset Dep asset Enter a value to use as an allowance against assets percentage dependent Asset Ind No Enter a value to use as an allowance against assets Dep Married asset percentage independent no dependents married Asset Ind No Dep Single Enter a value to use as an allowance against assets asset percentage independent no dependents single Asset Parent asset Enter a value to use as an allowance against assets Leave this field and the percentage parent Asset Ind W Dep field blank to invoke standard IM rules Asset Ind W Dep asset Enter a value to use as an allowance against assets Leave this field and the percentage independent with Asset Parent field blank to invoke standard IM rules dependents See Also College Board INAS User Manual Defining Minimum Parental Contribution Access the Minimum PC Range page Set Up SACR Product Related Financial Aid Application Processing
44. force Reject R Select Supp Rej R suppress reject R to override Reject R Select Don t Supp Do not suppress to enforce Reject S Select Supp Rej S suppress reject S to override Reject S Select Don t Supp Do not suppress to enforce Reject T Select Supp Rej T suppress reject T to override Reject T See the College Board INAS User Manual Overriding INAS Institutional Extension Options 1 Bundle 15 Bundle 22 Work Study Income Exclusion Limit Intl Student s IPA and Country Coefficient TCA fields are added as of the 2010 2011 aid year Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Access the INAS Institutional Extension 1 page click the IM link on the FAFSA Information page INAS Institutional Extension 1 INAS Rule Set MBICRIEIER v Extension Extension3 Extension4 Extension 5 Delete Alt Min SC from Income Calc IGNORE LOSSES Application Source Profile i m i Budget Durations Cl Calc PC For Independent Cl Business Farm Override Institutional EFC Cl skip Family Member Exclusion ClOther Cl Work Study Income Exclusion Limit Intl Student s IPA Cl Country Coefficient TCA STUDENT PARENT Use Projected Year Income Oo d Can IM Contribution Fall Below FM Hope Lifetime Add Back a F Parent Tax Table Independent o Exclude Tuition Fee Deduction oO INAS Institutional Extension 1 page Use the INAS Institutional Extension 1 page to set your b
45. g INAS Chapter 1 IM Value Parms 2 IMYes No Options Minimum SC Income Asset Options Home Asset Projections Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY Find View All First L INAS Rule Set CSS Rules Values v Institutional IM Profile Cluse FM Tx C Add HopeLTL IM lt FM Cluse Projected Year Income Alt Min SCI Cluse Projected Year Income IM lt FM Cluse FM Tx Cluse Rpt Pc Cale PC For Independent C Allow Parent Other Loss Cl Add Non Cust PC to PC J Allow Parent Bus Farm Loss Cl Add HopeLTL o Disallow Low Inc Asset Alwnc o Ind Use Par St Tax Alwnc O Exclude Tuition Fee Deduction IM Yes No Options page The system displays the aid year and institution STUDENT Use Projected Year Income Use FM Tx use federal methodology tax Calc PC For Independent calculate parental contribution for independent Add Non Cust PC to PC add noncustodial parent contribution to parent contribution Add Hope LTL add Hope Lifetime Learning Credit 16 Select to calculate a projected estimated annual income if it is lower than the reported base year income Select to use the FM state and local income tax computation table in the calculation When this check box is selected in conjunction with the Ind Use Par St Tax Alwnc check box Use FM Tx takes priority for independent students Select to use the parents information in the calcu
46. icient TCA Country Coefficient Total Contribution from Assets Chapter 1 Select this check box to override the Calc PC For Independent option set for the student on the IM Yes No Options page Select to override the Rstrct Household Max Age and Rstrct in College Max Age options set on the IM Tax Assess amp Parms options page Select to override the Allow Parent Bus Farm Loss option set on the IM Yes No Options page Select to override the Allow Parent Other Loss option set on the IM Yes No Options page Bundle 15 Bundle 22 This field is added as of the 2010 2011 aid year Select to exclude the student s work study earnings from the income exclusion calculation This option allows includes federal workstudy income back into regular income by excluding it from the income exclusion calculation e Selected Include work study earnings in regular income e Unselected Do not include work study earnings in regular income Bundle 15 Bundle 22 This field is added as of the 2010 2011 aid year Select to limit an international student s Income Protection Allowance IPA to an amount greater than or equal to 25 of the parental income e Selected Limit student s IPA to an amount not less than 25 of parents income e Unselected Do not limit student s IPA amount normal processing Note This is a local only option applicable to international non domestic students only Bundle 15 Bundle 22
47. ion codes e Review INAS IM assumption codes Copyright 2009 Oracle and or its affiliates All rights reserved 61 Processing INAS Chapter 1 Pages Used to Review INAS Assumption Codes Page Name Definition Name Navigation Usage INAS FM Assumption INAS _ FM ASMPTN Set Up SACR Product Review assumption codes Codes Related Financial Aid regarding federal application Application Processing information INAS FM INAS Assumption Codes assumption codes are INAS FM Assumption provided by the College Codes Board and are based on CPS central processing system and delivered with the Financial Aid system INAS IM Assumption Codes INAS IM ASMPTN Set Up SACR Product Review assumption codes Related Financial Aid regarding institutional Application Processing application information INAS Assumption Codes INAS IM assumption codes INAS IM Assumption Codes are provided by the College Board and are delivered with the Financial Aid system Reviewing INAS FM Assumption Codes Access the INAS FM Assumption Codes page Set Up SACR Product Related Financial Aid Application Processing INAS Assumption Codes INAS FM Assumption Codes 62 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Aid Year 2010 Financial Aid Year 2009 2010 FM Assumptions Code Long Description INAS FM Assumption Codes INAS IM Assumption Codes Find 1 74 of 74
48. its affiliates All rights reserved 45 Processing INAS Chapter 1 INAS Simulation Federal Extension Federal Allowances STUDENT PARENT Delete INAS Rule Set Ugrad Grad x Calculate Federal Tax z INAS Calc Type FM amp IM 7 Tuition INAS Data Source Both Fil gt Medical Dental Dependency Override 7 Other Asset Allowance I Calculate PC for Independents Assets Other Budget Durations EFC Proration Options Assumption Overrides Number in College z Override Federal EFC Reject Overrides Reject D Override z Reject E Override z Reject F Override zl Reject R Override zi Reject S Override zl Reject T Override z INAS Simulation Federal Extension page Budget Durations Click this link to access the INAS Simulation Budget Durations page You can enter any value for FM budget duration Federal rules allow whole numbers only for budget duration If the total allocation for the budget duration is greater than 12 months a 9 month EFC is calculated and used in the academic award period and no EFC is calculated for the non standard award period EFC Proration Options Click this link to access the INAS Simulation EFC Proration Options page to determine how to prorate EFC Override Federal EFC Click this link to access the INAS Simulation EFC Override page to override the academic or non standard parent contribution or student contribution Working with Stu
49. l EFC information Total income Summary inquiry page is the difference between taxable income untaxed income and adjustments to income Total Allowances Detail ISIR_TA_SEC Click the Total Allowances View allowances to income Detail link on the Federal Taxes paid Income EFC Summary inquiry page Protection and Employment allowances are displayed Available Income Detail ISIR_AI_SEC Click the Available Income View available income information for the student Available income is total income less total allowances Total Parent Contribution Detail ISIR_PC_SEC_nn Click the Total Parent Contribution Detail link on the Federal EFC Summary inquiry page View total parent contribution information for this student including Available Income Contribution from Assets Adjustments to Available Income the Total Parent Contribution Number in College and Calculated Parent Contribution This page is available only if the student is a dependent and provides parent income and asset information Total Student Contribution Detail ISIR_SC_SEC_nn Click the Total Student Contribution Detail link on the Federal EFC Summary inquiry page View total student contribution This page displays the Total Student Contribution Number in College Student Income Contribution Student Asset Contribution and Calculated Student Contribution Copyright 2009 Oracle and or its affiliates All rights re
50. lation for an independent student Select to combine the noncustodial parent s contribution to the parent contribution Select to let the system determine whether to add this value to taxes based on federal tax allowance against income and tax filing status as shown in the following table The column headings represent the value of the Fed Tax Allwnc Against Income field from the IM Tax Assess Parameters page Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS For this Tax Filing CSS Rules will Calc Tax will Rptd Tax will Status Completed Return Add Hope to taxes Not add Hope to calculate Add Hope to taxes taxes Will File Return Not add Hope to calculate Not add Hope to calculate Add Hope to taxes taxes taxes When the INAS calculates taxes it compares the values for reported taxes and calculated taxes and uses the lower value in subsequent calculations This table demonstrates how the system processes the Hope value when reported taxes are lower than calculated taxes For this Tax Filing CSS Rules will Calc Tax will Rptd Tax will Status Completed Return Add Hope to taxes Add Hope to taxes only Add Hope to taxes if reported is lower than calculated Will File Return Add Hope to taxes only Add Hope to taxes only Add Hope to taxes if reported is lower than if reported is lower than calculated calculated Note Reported tax amounts are generally higher th
51. lied to the FDNW to produce the family contribution from assets FCA where PC parental contribution PCI parent contribution from income FCA and TFC total family contribution PC SCI student contribution from income 4 Inthe student column student assets equal zero and student contribution SC SCI because all student assets have been moved to the parent column Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 STUDENT Fed Tax Allwnc Against Income federal tax allowance against income Use 70 Income Assmnt for Ind use 70 percent income assessment for independent Income Assmnt Rate for Dep income assessment rate for dependent Processing INAS Select Not Trusts to have all of the student s assets except for the value of trust funds count as parent assets The only student assets summed in the student column are trust funds These calculation adjustments occur 1 Family Total Net Worth FTNW FTNW Parents Total Net Worth NW Student s Total NW Student s Value of Trusts 2 Student Contribution From Assets SCA SCA Student s Value of Trusts Asset Conversion rate 3 Family Discretionary Net Worth FDNW FDNW FTNW Asset Protection Allowances 4 The Asset Conversion rate is then applied to the FDNW to produce the family contribution from assets FCA where PC parental contribution PCI parent contribution from income FCA SC stude
52. lt You can enter values for additional INAS rule sets developed by your institution EFC Proration Options INAS_FM PRORTN_SEC Click the EFC Proration Define your proration expected family Options link on the Global parameters contribution proration and Federal Options page option FM Budget Durations INAS_FM_ DUR_SEC Click the FM Budget Define global options Durations link on the Global for federal academic and Federal Options page and nonstandard budget durations 2 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Page Name Definition Name Navigation Usage IM Budget Durations INAS_IM DUR _SEC Click the IM Budget Define global options for Durations link on the Global institutional academic and Federal Options page and nonstandard budget durations IM Tax Assess Parms INAS_LCL_PLCY2_ nn Set Up SACR Product Define IM INAS calculation institutional methodology tax assessment parameters Related Financial Aid Application Processing INAS 20nn 20nn Global Options IM Tax Assess Parms options for parents and students EFM Yes No Options estimated federal methodology yes no options INAS_LCL_PLCY3_nn Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options EFM Yes No Options Define EFM INAS calculation options for parents and students IM Value Parms 1 instituti
53. lue Year s Contribution Parms 1 page Prior Year s Contribution Enter the prior year s contribution for use with the Percent to Increase Prior Year s Contribution option Income Assessment Percent Enter an amount to override Use 70 Income Assmnt for Ind or Income Assmnt Rate for Dep from the IM Tax Assess amp Parms page Add Percent of Enter an amount to override the value in the Of Stdnt IRA Include In NW IRA KEOGH field from the IM Value Parms 1 page Non Custodial Parent Enter an amount to override Add Non Cust PC to PC from the IM Yes No page Contribution Estimated Federal Methodology Number In Household Enter an amount to override amount calculated by EFM Copyright 2009 Oracle and or its affiliates All rights reserved 35 Processing INAS Chapter 1 Number In College Enter an amount to override amount calculated by EFM Allow Parents In College Enter an amount to override amount calculated by EFM Use Projected Year Income Select to override the value entered in the Use Projected Year Income field on the EFM Yes No Options page Overriding Expected Family Contribution EFC 36 The system displays the override at the parent and student contribution level Overriding EFC is the same for both FM and IM This section discusses how to e Access federal EFC overrides e Use the federal EFC override function e Access institutional EFC overrides e Use the institutional EFC override function Copyrigh
54. mated FM EFC populates all FM EFC fields on all pages in the system The system does not display any visual cue to indicate that the value is an estimate You need to know whether a student has an ISIR loaded to determine whether the value that appears is an estimated FM EFC or an actual FM EFC Using INAS Simulation The INAS simulation functions as a worksheet for financial aid staff to create different need analysis scenarios before submitting the changes to ISIR Corrections The INAS Simulation process retrieves information from the ISIR Correction pages and INAS Federal Extension page You can create or change existing federal extension data or global policy option data in simulation depending on your processing requirements This section provides an overview of the steps for INAS simulation and discusses how to e Work with student income and assets e Override the INAS global policy options at the student level Copyright 2009 Oracle and or its affiliates All rights reserved 41 Processing INAS Chapter 1 e Work with student information e Work with parent income and assets e Work with parent information e Work with assumption overrides Understanding the Steps for INAS Simulation Use the INAS Simulation process to select records with an ISIR to simulate INAS calculations Then commit changes to ISIR tables when complete 1 Click the Get Fed Data button on the page you are using The latest ISIR information is retrie
55. nce Use this check box to determine whether the tuition and fee deductions reported by the parents of dependent students are excluded from parental income e Select to disallow tuition and fee deductions from untaxed income e Clear to allow tuition and fee deductions from untaxed income Select to allow the calculated IM EFC to be less than the calculated FM Select to enforce the amount that the parents volunteered to contribute if that amount is higher than the amount calculated by the system College Board INAS User Manual Defining Minimum Student Contribution Access the Minimum SC Income page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options Minimum SC Income Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS IM Value Parms 2 IM Yes No Options Aid Year 2011 Minimum SC Income Rules Values INAS Rule Set Institutional Min SC Income Dependents Undergrad 1Prv 2350 eee 220 Professional Use Default Minimum SC Amounts Asset Options Home Asset Projections Institution PSUNV Find View All First Undergrad 1Prv 2300 4YR Professional 2YR 2YR 30 EELEE Minimum SC Income page Enter the minimum institutional student contribution values set by your institution for dependent and independent students for
56. ndependent students Select from these values Yes Uses 70 percent for income assessment This is the default No Select if you elect not to use the 70 percent income assessment the Alt Income Assessment Rate field appears on the page Enter an income assessment rate for dependent students The default is 50 percent Copyright 2009 Oracle and or its affiliates All rights reserved 11 Processing INAS Alt Income Assessment Rate alternate income assessment rate PARENT Fed Tax Allwnc Against Income federal tax Chapter 1 Enter an alternate rate for assessing the student s income This field appears on the page when you select No in the Use 70 Income Assmnt for Ind field Select from these values to calculate federal tax allowance against income CSS Rules According to CSS Rules if a parent s tax filing status is completed ee eee tax return reported tax is used to calculate federal tax allowance against income If the student s tax filing status is Will File the lower amount of reported tax or calculated tax is used to calculate the allowance If reported tax is blank negative or invalid the calculated tax amount is used to calculate the allowance Calc Tax Select to use the calculated tax amount if a parent s tax filing status is Will File otherwise CSS Rules apply Reptd Tax If a parent s tax filing status is Will File the reported tax is used to calculate the federal tax allowance agai
57. nst income See Also College Board INAS User Manual Defining EFM Yes and No Options Access the EFM Yes No Options page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options EFM Yes No Options Global and Federal Options IM TawAssess amp Parms EFM Yes No Options IM Value Parms 1 IM Value Parms 2 P Institution Aid Year 2010 Financial Aid Year 2009 2010 PSUNV Find View Al First 4 4 of 2 D Last CSS RulesfYalues v INAS Rule Set Institutional Cluse IM Imputed Asset Value Cluse IM Imputed Asset Value EFM Profile Cuse Projected Year Income Cluse Projected Year Income a Use IM Income Override O Use IM Income Override Use Profile Assumptions EFM Yes No Options page Select the EFM options for the aid year institution and selected INAS rule set 12 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 STUDENT Use IM Imputed Asset Value Use Projected Year Income Use IM Income Override PARENT Use IM Imputed Asset Value Use Projected Year Income Use IM Income Override EFM Profile Use Profile Assumptions See Also Processing INAS Select to impute the value of EFM assets based on the interest and dividend income reported on the PROFILE form Select to use the student s expected year earnings instead of base year for EFM Select to use the IM
58. nt contribution SCI student contribution from income SCA and TFC total family contribution PC SC Select Separate to use the default calculation Parent assets are summed in the parent column and student assets are summed in the student column If you leave this field blank the system automatically enters Separate and uses the default calculation Important If you selected the Calc PC for Independent check box on the Global and Federal Options page or the IM Yes No Options page then the system ignores the value in the Student Assets as Family Assets field and instead uses the default calculation Select from these values to calculate federal tax allowance against income CSS Rules According to CSS Rules if a student s tax filing status is Completed Tax Return reported tax is used to calculate federal tax allowance against income If the student s tax filing status is Will File the lower amount of reported tax or calculated tax is used to calculate the allowance If reported tax is blank negative or invalid the calculated tax amount is used to calculate the allowance Calc Tax Select to use the calculated tax amount if a student s tax filing status is Will File otherwise CSS Rules apply Reptd Tax reported tax If a student s tax filing status is Will File the reported tax is used to calculate the federal tax allowance against income This field refers to the available income assessment rate for i
59. ntribution Reviewing Need Summary This section discusses how to view need summary information Pages to View Need Summary Page Name Definition Name Navigation Usage Need Summary NEED SUMMARY SEC Click the Need Summary View the award period and link on the FAFSA EFC status for both the Information page Federal and Institutional cost of attendance expected family contribution need GI bill total aid unmet need and aid overaward Viewing Need Summary Information Access the Need Summary page click the Need Summary link on the FAFSA Information page 60 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Need Summary Find View An First 4 4 o2 D Last Award Period Academic EFC Status Official Institutional COA 22 700 00 COA 22 700 00 EFC 8 515 EFC Need 14 185 00 Need Montgomery GI Montgomery GI Bil Americorps Bil Americorps Total Aid Fed 6 625 00 Total Aid Inst 6 625 00 Unmet Need Fed 7 560 00 Unmet Need Inst 0 00 Overaward Fed 0 00 Overaward Inst 0 00 0 Federal Calc Information Institutional Calc Information Federal Rule Set Ugrad Grad Institutional Rule Set Institutional EFC Used Need Summary page Reviewing INAS Assumption Codes To set up INAS Assumptions Codes use the INAS Assumption Codes component INAS ASMPTN CODES This section discusses how to e Review INAS FM assumpt
60. of the budgets for all other children in the family Enter the values that your institution set for each type of institution College Board INAS User Manual 24 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Using FM and IM Extensions to Override Options This section reviews overriding global policy options at the student level FM and IM extensions can be accessed from ISIR corrections INAS simulation or the Maintain Institutional Application component This section discusses how to Override INAS federal extension options Override INAS institutional extension options 1 Override INAS institutional extension options 2 Override INAS institutional extension options 3 Override INAS institutional extension options 4 Override INAS institutional extension options 5 See Isfa Processing INAS Using FM and IM Extensions to Override Options See Isfa Processing and Using Institutional Financial Aid Applications Pages Used to Override Options in ISIR Corrections Note The navigation paths for the pages listed in the following page introduction table are for aid year 20nn 20nn Oracle supports access for three active aid years Copyright 2009 Oracle and or its affiliates All rights reserved Page Name Definition Name Navigation Usage FAFSA Information ISIR_PIA_CS1_nn Financial Aid Federal Correct information on the Ap
61. onal methodology value parameters 1 INAS_LCL_PLCY4_nn Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options IM Value Parms 1 Define IM INAS calculation options for parents and students IM Value Parms 2 institutional methodology value parameters 2 IM Yes No Options institutional methodology yes no options INAS _LCL PLCY11_ nn INAS_LCL PLCY10_ nn Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options IM Value Parms 2 Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options IM Yes No Options Define value parameters for multi college enrollment to define treatment for more than one student in college Define IM INAS calculation options for parents and students Minimum SC Income minimum student contribution income INAS_LCL_PLCY5_nn Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options Minimum SC Income Define the minimum institutional student contribution values for dependent students and independent students Asset Options INAS_LCL_PLCY6_nn Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options Asset Options Define options and limitations for assessing parent and student assets other than the home Home Asset Projections
62. ons page Enter an amount to override amount calculated by IM Enter an amount to add to calculated assets Enter an amount to override Minimum Contribution from Asset on the IM Value Parms 1 page Enter an amount to offset discretionary net worth calculated by IM Enter an amount to override the Minimum SC or PC values from the Minimum SC Income and Minimum PC Range pages Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Number in College Enter a number to override the number of students in college Allow Parents in College Enter an amount to allow parents in college Overriding INAS Institutional Extension Options 5 Access the INAS Institutional Extension 5 page click the Extension 5 link on the INAS Institutional Extension 1 page INAS Institutional Extension 5 STUDENT PARENT Institutional Percent to Increase Prior Year s Contribution Prior Year s Contribution Income Assessment Percent Add Percent of IRA KEOGH Non Custodial Parent Contribution Estimated Federal Methodology Number In Household Number in College Allow Parents In College E Use Projected Year Income C C INAS Institutional Extension 5 page Use the INAS Institutional Extension 5 page to override INAS global policy options for family factors such as past contributions Institutional Percent to Increase Prior Enter an amount to override increase last year SC or PC on the IM Va
63. plication Data Correct FAFSA Information page 20nn 20nn ISIR records and access FM and IM FAFSA Information extension pages INAS Federal Extension INAS_FED_EXTnn_SEC Click the FM link on the Override INAS global policy FAFSA Information page options INAS Federal Extension INAS_FEDEX_DUR_SEC Click the Budget Durations Override INAS global policy Budget Durations link on the INAS Federal options for federal academic Extension page and non standard budget duration INAS Federal Extension INAS FEDEX PRO_SEC Click the EFC Proration Override EFC proration EFC Proration Options Options link on the INAS options for academic and Federal Extension page non standard months INAS Federal Extension INAS_FEDEX EFC SEC Click the Override Federal Override EFC components EFC Override EFC link on the INAS for academic and Federal Extension page non standard award periods INAS Institutional INAS PROF _EXT1_Snn Click the IM link on the Override INAS global policy Extension 1 FAFSA Information page options Institutional Budget INAS_PRFEX DUR_SEC Click the Budget Durations Override INAS global policy Durations link or the Override options for institutional Institutional EFC link onthe academic and non standard INAS Institutional Extension budget duration 1 page 25 Processing INAS 26 Chapter 1 Page Name Definition Name Navigation Usage Institutional EFC Override INAS PROF EFC SEC Click the Override Instit
64. pter 1 Define minimum student contribution e Define asset options e Define home and asset projections e Define minimum parental contribution e Define budget options Understanding IM and FM IM is based on The College Scholarship Service Institutional Methodology formula Refer to the College Board INAS Users Manual provided with this application for details regarding the setup and use of the fields in the INAS Global Policy Option component Note With the exception of the first page all pages in this component are related to IM specific processing For federal methodology you use this component to set EFC proration options and budget durations Pages Used to Define FM and IM Bundle 15 Bundle 22 The INAS 2007 2008 Global Options component is removed The INAS 2010 2011 Global Options component is added Note The navigation paths for the pages listed in the following table are for aid year 20nn 20nn Oracle supports access for three active aid years Page Name Definition Name Navigation Usage Global and Federal Options INAS LCL PLCY1_ nn Set Up SACR Product Define your global policy Related Financial Aid options for the majority of Application Processing your student population You INAS 20nn 20nn Global can override these options Options Global and Federal ona student by student Options basis The options affect your INAS calculations The system sets the CSS Base Rules Values by defau
65. restrict number in college maximum age Student Assets as Family Assets student assets as family assets CESA Minimum Value Maximum Allowance Cap 1 360 USD 17 300 USD 1 800 USD 20 590 USD Optionally select the old Available Income Assessment Rate table Values are New or Old 2 770 USD 23 130 USD Enter the value You can restrict the family size used in the calculation by establishing an age threshold for siblings or dependents For example the calculation would not include an allowance for a member in the household over the maximum age set by the institution Enter the value You can restrict the number in college used in the calculation by establishing an age threshold for family members in college For example the calculation would not include an allowance for a member of the household in college over the maximum age set by the institution Select 5 25 to have the EFC calculation process assess student assets at 5 percent and the student s trust funds at 25 percent when calculating the student contribution portion of the EFC Select All Assets to have all of the student s assets count as parent assets Student assets are summed in the parent column These calculation adjustments occur 1 Family Total Net Worth FTNW FTNW Parents Total Net Worth NW Student s Total NW 2 Family Discretionary Net Worth FDNW FDNW FTNW Asset Protection Allowances 3 The Asset Conversion rate is then app
66. rmation Overrides Chad Harper ID FAQ636 Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY Get Federal Data Federal Extension Formula Type 4 Simp Dep Dares Need Summary Primary EFC 440 jie soit Cir Monthly EFC Prorated EFC 440 Married No AGE 6 453 Veterans Non EdBenefits 145 Marital Status SngiDive U S Tax Paid 560 Other Untaxed income 150 Marital Status Date E Student s Earnings 6 453 Other Unreported Income 155 Legal Res State OH oe Spouse s Earnings oa Legal Res Date 01 01 1996 EJ Cash 9 500 Untaxed Income 1 325 In Family Inv Net Worth 25 700 In College Bus Net Worth 0 Educational Credits 160 Exemptions o Q Tax Deferred Pension 110 Child Support Paid 165 Res Prior 2004 NO Self Employment Payment 115 Need Based Employment 170 File Return Filed Comg Child Support Received 120 Grant Scholarship Aid 175 Tax Form 1040AEZT v Interest Income 125 Combat Pay 180 Elig 1040AEz Yes v UntaxedIRA Distributions 130 Male or Female Female v Untaxed Pensions 135 Add Fin Total 850 Military Allowance 140 Student Income Assets page ISIR edits are not used in the simulation pages Changes used should not conflict with data in ISIR corrections Overriding the INAS global policy Options at the Student Level Access the INAS Simulation Federal Extension page click the Federal Extension link on the Student Income Assets page Copyright 2009 Oracle and or
67. s set to 2 then the system uses the actual 9 month EFC for academic and the actual 2 month EFC for nonstandard No calculations are performed to subtract one or the other from the total EFC Note Using this method might cause your total EFC to exceed the 12 month EFC The system uses this field in conjunction with the EFC Proration Method Adjust Based on Total EFC Select from FA Term Based Determines which award period leads based on terms set in FA Term and award period designation in Valid Terms for Careers Leading Months Treats the nonstandard term as leading regardless of nonstandard term designation in FA Term Trailing Months Treats the nonstandard term as trailing regardless of nonstandard term designation in FA Term Defining FM Budget Durations Access the FM Budget Durations page click the FM Budget Durations link on the Global and Federal Options page INAS Local Policy Options FM Budget Durations INAS Rule Set CSS Rules Values FM Budget Durations Dependent Students Academic 9 Non Standard o Total 9 Independent Students Academic 9 Non Standard o FM Budget Durations page Dependent Students Academic Non Standard Copyright 2009 O Enter the number of months for the academic term to be considered during need analysis for dependent students need analysis for dependent students racle and or its affiliates All rights reserved Enter
68. select an INAS Rule Set Failing to do so affects your expected results Using the Federal EFC Override Function Access the INAS Federal Extension EFC Override page click the Override Federal EFC link on the INAS Federal Extension page 38 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS INAS Federal Extension EFC Override INAS Rule Set UndergradiGraduate Use EFC Override Values peruis SC PC EFC Academic 0 0 12 566 Non Standard 0 t 0 0 Aid Year 0 0 5 12 566 INAS Federal Extension EFC Override page Enter the actual positive value for the parent contribution and or student contribution for each award period The system displays an override indicator when you override the student contribution the parent contribution or both It appears as an O next to the affected contributions Use EFC Override Values Select this check box and call INAS for the system to use your override values If you want to use actual calculated values clear the check box and call INAS Defaults Click the Defaults button to reset the student contribution and parent contribution to current values from STD AWD PER If you have already calculated INAS using overridden values those same values are returned when you click the Defaults button To retrieve calculated values as the default clear the Use EFC Override Values check box call INAS
69. served 53 Processing INAS Chapter 1 Page Name Definition Name Navigation Usage Prorated EFC Detail ISIR_EFC_SEC_nn Click the Prorated EFC View information about Detail link on the Federal the prorated EFC for the EFC Summary inquiry page student The page displays Parent Contribution if applicable Student Income Contribution Student Asset Contribution the Prorated EFC and the Calculated EFC The prorated EFC reflects enrollment for 9 months or other than 9 months depending on the budget duration Reviewing Federal EFC Summary Information Access the Federal EFC Summary page Financial Aid Federal Application Data View 20nn 20nn FM EFC Detail Federal EFC Summary Federal EFC Summary x Johana Sandoval ID FA0632 Aid Year 2009 Financial Aid Year 2008 2009 Institution PSUNY Find view Al First 4 1 o3 D Last Eff Date 12 12 2007 Transaction Nbr 1 EFC Status Unofficial ISIR Information Summary Federal Needs Analysis Dependent wiPrimary EFC Total Income 41 573 Detail Assumption Detail Total Allowances 27 443 Detail Available Income 14 130 Detail Total Parent Contribution 12 839 Detail Total Student Contribution 983 Detail Prorated EFC 13 822 Detail Primary EFC 13 822 Federal EFC Summary page From this page select links to all detail pages for the students EFC for a specified aid year The system supports three active
70. t 2009 Oracle and or its affiliates All rights reserved Chapter 1 Pages Used to Override and View EFC Processing INAS Page Name Definition Name Navigation Usage INAS Federal Extension INAS_FED_EXTnn_SEC Click the FM link on the FAFSA Information Assumptions School Codes or EFC DB Matches Corr page Financial Aid Federal Application Data Correct 20nn 20nn ISIR records Click the FM link on the Student Data Parent Data Miscellaneous Data or Computation Data page Financial Aid Institutional Application 20nn 20nn Maintain Application 20nn 20nn Click the Federal Extension link on the Student Income Assets Student Information Parent Income Assets Parent Information or Overrides page Financial Aid Federal Application Data Simulate 20nn 20nn FM INAS Override INAS global policy options EFC Override INAS Federal Extension INAS_FEDEX_EFC_SEC Click the Override Federal EFC link on the INAS Federal Extension page Override EFC components for academic and non standard award periods INAS Institutional Extension 1 INAS _PROF_EXTI_Snn Click the IM link on the FAFSA Information Assumptions School Codes or EFC DB Matches Corr page Financial Aid Federal Application Data Correct 20nn 20nn ISIR records Click the IM link on the Student Data Parent Data Miscellaneous Data or Computation Data page Financial Aid Institutional Application 20nn 2
71. t students Copyright 2009 Oracle and or its affiliates All rights reserved 17 Processing INAS PARENT Use Projected Year Income Use FM Tx use federal methodology tax Allow Parent Other Loss Allow Parent Bus Farm Loss Chapter 1 Select to calculate a projected estimated annual income if it is lower than the reported base year income Select to use the FM state and local income tax computation table in the calculation Select to allow losses taken on a parent s income tax This results in a lower EFC Select to allow losses taken on a parent s income tax such as depreciation in a business This results in a lower EFC Note By default the system disallows losses on business farm or other By selecting Allow Parent Other Loss or Allow Parent Bus Farm Loss you allow the loss to be included in the calculation Add Hope LTL add Hope Lifetime Learning Credit Disallow Low Inc Asset Alwnc disallow low income asset allowance Exclude Tuition Fee Deduction IM lt FM Use Rpt PC use reported parent contribution See Also Select to have the system determine whether to add this value to taxes based on federal tax allowance against income and tax filing status as shown in the previous table The column headings in the table represent the value of the Fed Tax Allwnc Against Income field from the IM Tax Assess Parameters page Select to calculate without using the low income asset allowa
72. ted allowances to offset net worth for the parent using estimated federal methodology View information on calculated allowances to offset net worth for the student using institutional methodology Discretionary Net Worth Income Supplement Detail Student Contribution EFM INST_SFM_IS SEC_nn Click theDiscretionary Net Worth Income Supplement Detail link on the Institutional EFC Summary Detail page View information on calculated allowances to offset net worth for the student using estimated federal methodology Contribution for Student Detail Parent Contribution IM IM w Options INST_PIM_TC_SEC_nn INST_PIM_TCO_SECnn Click the Contribution for Student Detail link on the Institutional EFC Summary Detail page View information about the parent contribution for the student using institutional methodology Contribution for Student Detail Parent Contribution EFM INST_PFM_TC_SEC_nn Click the Contribution for Student Detail link on the Institutional EFC Summary Detail page View information about the parent contribution for the student using federal methodology Contribution for Student Detail Student Contribution IM IM w Options IM Estimated INST_SIM_TC_SEC_nn INST_SIM_TCO_SECnn INST_SIM_TCE_SECnn Click the Contribution for Student Detail link on the Institutional EFC Summary Detail page View information about student contribution using institution
73. the IM Value Parms 1 page Copyright 2009 Oracle and or its affiliates All rights reserved 33 Processing INAS 34 Chapter 1 Federal Insurance Compensation Enter an amount to override the allowance calculated by IM Income Enter an amount to override allowance against income calculated by IM Overriding INAS Institutional Extension Options 4 Access the INAS Institutional Extension 4 page click the Extension 4 link on the INAS Institutional Extension 1 page INAS Institutional Extension 4 STUDENT PARENT Local Tax Percent Cap Housing Value Home Equity Cap Factor Asset Assessment Percent Local Tax Other Asset Minimum Asset Asset Allowance Minimum Income Number In College Allow Parents In College E INAS Institutional Extension 4 page Use the INAS Institutional Extension 4 page to override global policy options Local Tax Percent Cap Housing Value Home Equity Cap Factor Asset Assessment Percent Local Tax Other Asset Minimum Asset Asset Allowance Minimum Income Enter an amount to override the amount calculated by IM Enter an amount to override the value selected for the Home Cap field on the Home Asset Projections page Enter an amount to override the value selected for the Home Equity Cap Factor field on the Home Asset Projections page Enter an amount to override the value selected for the Asset Assessment Rate field on the Home Asset Projecti
74. the selected INAS rule set IM uses a minimum student contribution from income which you can adjust The system uses these values to determine whether the calculated or minimum contribution is used Institutional Use Default Minimum Student Contribution Yes Use the defaults Amounts Select from these values No Make manual changes to the minimum student contribution amounts See Also College Board INAS User Manual Defining Asset Options Access the Asset Options page Set Up SACR Product Related Financial Aid Application Processing INAS 20nn 20nn Global Options Asset Options Copyright 2009 Oracle and or its affiliates All rights reserved 19 Processing INAS 20 Chapter 1 IM Value Parms 2 IM Yes No Options Minimum SC Income Asset Options Home Asset Projections Aid Year 2010 Financial Aid Year 2009 2010 Institution PSUNY Find view Al First 4 4 of 2 D Last INAS Rule Set CSS RulesfYalues v E Institutional Asset Options Cashint Limit STUDENT WDep STUDENT NoDep No Asset Projection v No Asset Projection v No Asset Projection v Yield 1 Yield 2 Yield 1 Yield 2 Yield 1 Yield 2 Tolerance Inv Dvd Limit 00 0 00 0 00 0 00 0 00 0 00 0 Tolerance 00 00 0 Asset Options page The system displays the aid year and institution Institutional Asset Op
75. tion Options page click the EFC Proration Options link on the Global and Federal Options page INAS Rule Set FM EFC Proration Options EFC Proration Method Adjust Based on Total EFC 7 Non Standard Months FA Term Based x INAS Local Policy Options EFC Proration Options CSS Rules Values EFC Proration Options page EFC Proration Method Select one of the following Adjust Based on Total EFC If you select this option the system displays the Non Standard Months field The system adjusts the EFC based on the total number of budget duration months for the academic and nonstandard award periods You can use the default functionality by selecting FA Term Based for Non Standard Months or force the use of leading or trailing months to determine the nonstandard award period contribution regardless if the nonstandard term leads or trails Proportion Monthly Share If you select this option the system uses the total EFC based on the total number of budget duration months for academic and nonstandard and distributes the EFC proportionally between the award periods Use Monthly EFC If you select this option the system uses the actual monthly EFC based on the total number of budget duration months for each award Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Non Standard Months Processing INAS period For example if academic budget duration is set to 9 and nonstandard i
76. tional Home Projection IND STUDENT Home Option 1 Q Reported 1 Q Reported Home Tolerance 00000 00000 Home Cap ggg 999 Home Equity Cap Factor Asset Assessment Rate Asset Dep Leave These Two Entries Blank To Invoke Standard IM Rules Else Provide Value Between 000 100 Asset Ind No Dep Married Asset Ind No Dep Single Asset Parent Asset Ind WDep Home Asset Projections page The system displays the aid year and institution Institutional Home Option Select the home option for parents and independent students Values are 1 Reported INAS uses the value of the home reported on the application to calculate equity 2 Projected The system calculates the value of the home based on the purchase price of the home and the date on which it was purchased using the Federal Housing Multiplier table Copyright 2009 Oracle and or its affiliates All rights reserved 21 Processing INAS Chapter 1 3 Projected if Significant Difference The system uses the value set for home tolerance to determine whether reported or projected home values are used to determine home equity 4 Highest INAS compares the calculated and reported home value The system uses the higher value to determine equity 5 Alt Home Value Calculation INAS compares projected value to capped value and uses the lower value Home Tolerance Enter a home tolerance value INAS uses the reported value of the home unl
77. tions Limit and Tolerance Select asset options Values are No Asset Projection INAS does not impute a value for assets reported amounts are used Combined Projection INAS combines Cash Int cash and interest and Inv Dvd investment and dividends imputed values in the calculation The entire amount is reported as cash savings Individual Projection INAS calculates Cash Int and Inv Dvd imputed values individually Cash Int and Inv Dvd can have a different yield and tolerance You can compare income with reported cash savings checking and investments to identify cases where the asset value appears to be under reported Specify both an expected rate of return yield and a tolerance level for both Cash Int and Inv Dvd Based on the interest reported you can impute a value of the parents or student s cash savings using the specified yield This helps you to determine whether the reported savings are under reported You can also impute a value for the parents or student s investments and dividends Enter the limit and tolerance values for Cash Int You can set a limit for cash and interest For example you can enter a value of 10 000 00 USD You can set up the system to assess the first 10 000 00 USD Limit at 3 8 Yield 1 and any portion greater than 10 000 00 USD at 5 6 Yield 2 Based on the reported interest from the tax return if the value is less than 10 000 00 USD the system uses the percentage that app
78. to define the parameters that control general processing options related to methodologies used INAS Data Source Select the INAS data source for the INAS process to use to retrieve student information Select Both F I both federal and institutional to use both sets of data to calculate INAS for either Profile or ISIR records Federal to use only federal data to calculate INAS for ISIR records only Institutnl institutional to use only institutional data to calculate INAS for PROFILE records only INAS Calc Type INAS Select the INAS calculation type calculationstype FM federal methodology to calculate INAS for ISIR records only FM amp IM federal methodology and institutional methodology to calculate INAS for either PROFILE or ISIR records IM institutional methodology to calculate INAS for PROFILE records only Federal Use the Federal group box to define how INAS processes federal ISIR data Calc Fed Tax Student Select to calculate and display federal tax for the student as defined by INAS calculate federal tax student Calc Fed Tax Parent Select to calculate and display federal tax for the parent as defined by INAS calculate federal tax parent Calc PC For Independent Select to calculate a parental contribution for independent students if parental calculate parental data is available Parental contribution is calculated but not added to the EFC conmipunon for independent For more information see
79. ue 3 Override Failed The correction process sets this value Values include Correction s Pending You can select this value 1 2 Send Correction s You can select this value 3 Correction s Sent The correction process sets this value 4 Correction s Accepted The correction process sets this value 5 Corrections Rejected The correction process sets this value 6 Do Not Send Correction s You can select this value ASSUMPTION OVERRIDES Parent Number In College 50 Select Yes Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Parent AGI parent adjusted Select Yes gross income Parent WKC Assumed Select 7 Yes Zero parent income from worksheet C assumed 0 Student Number In college Select 7 Yes Student AGI student Select 7 Yes adjusted gross income Student WKC Assumed Select 7 Yes Zero student income from worksheet C assumed 0 REJECT OVERRIDES Select 7 Yes to override a listed reject Using INAS Batch Calculations This section discusses how to calculate INAS in batch based on the policy options at your institution Page Used to Make INAS Batch Calculations Page Name Definition Name Navigation Usage Batch INAS Calculation RUNCTL_FAPINCLC Financial Aid File Calculate INAS in batch Management INAS Batch based on policy options Calculation Batch INAS Calculation Calculating the INAS in Batch
80. utional EFC link on the INAS Institutional Extension 1 page Override EFC components for academic and non standard award periods INAS Institutional Extension 2 INAS Institutional Extension 3 INAS Institutional Extension 4 INAS_PROF_EXT2_Snn INAS PROF EXT3_ SEC INAS_PROF_EXT4 Snn Click the IM Extension 2 link on the INAS Institutional Extension 1 page Click the Extension 3 link on the INAS Institutional Extension 1 page Click the Extension 4 link on the INAS Institutional Extension 1 page Override INAS global policy options Override INAS global policy options Override INAS global policy options INAS Institutional Extension 5 Monthly EFC INAS PROF EXTS_ SEC NEED_SMRY_EFC_SEC Click the Extension 5 link on the INAS Institutional Extension 1 page Click the Monthly EFC link on the ISIR Corrections EFC DB Matches page Override INAS global policy options 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 Overriding INAS Federal Extension Options Access the INAS Federal Extension page click the FM link on the FAFSA Information page Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS INAS Federal Extension STUDENT PARENT Federal Allowances j qo INAS Rule Set css Rules gt Calculate
81. ved and placed in the INAS Simulation tables You should refresh the INAS Simulation table with the latest data because data from a prior session might remain in the table 2 Modify fields to affect the INAS calculation invoke overrides or both You can also override global policy options at the student level by clicking the Fed Ext button from any page in this component Unless an extension record already exists in ISIR the default values that you defined in the INAS Local Global Options page display on the Federal Extension page when you select a Rule Set 3 When you complete your changes click the INAS calculate button The system displays the results of the EFC after a successful completion of INAS simulation 4 Repeat steps 2 and 3 as needed To refresh the worksheet repeat Step 1 5 Click the Use Simulated Data button to use the calculated data for Need Analysis If you confirm that you want to perform the operation the system inserts a new row in all of the ISIR Tables and any field that was changed is processed as follows a Sent to the Audit Table for history b Included in the ISIR Correction process c Used to recalculate need Note You cannot apply changes to any student whose ISIR is rejected Pages Used for INAS Simulation Bundle 15 Bundle 22 The Simulate 2007 2008 FM INAS component is removed 42 Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing I
82. wances for taxes medical dental expenses tuition and other allowances such as income protection allowance IPA Total Allowances is the sum ofthese allowances Available Income is the Total Income shown on the Total Income page less the Total Allowances Copyright 2009 Oracle and or its affiliates All rights reserved Chapter 1 Processing INAS Page Name Definition Name Navigation Usage Available Income Detail Parent Contribution EFM INST_PFM_AI SEC nn Click the Available Income Detail link on the Institutional EFC Summary Detail page View information about parent s contribution using estimated federal methodology The system displays allowances for taxes medical dental expenses tuition and other allowances such as income protection allowance IPA Total Allowances is the sum of these allowances Available Income is the Total Income shown on the Total Income page less the Total Allowances Available Income Detail Student Contribution IM IM w Options IM Estimated Available Income Detail Student EFM INST_SIM_AI SEC mn INST_SIM_AIO_SECnn INST_SIM_AIE_SECnn INST_SFM_AI SEC nn Click the Available Income Detail link on the Institutional EFC Summary Detail page Click the Available Income Detail link on the Institutional EFC Summary Detail page View information about student contribution using your institutional methodology The system

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