FM INAS not Deducting Grant/Scholarship Aid Amount from Student Total Income (TI or STI)
(Doc ID 2829796.1)
Last updated on DECEMBER 23, 2021
Applies to:PeopleSoft Enterprise CS Financial Aid - Version 9.2 and later
Information in this document applies to any platform.
When invoking FM INAS by any method - via the batch process, or clicking the INAS button on the Correct ISIR or INAS Simulation Component - in some cases (not all), the student's total income is not being reduced by the amount of grant/scholarship aid.
It's expected that any amount reported for grant/scholarship aid should reduce, dollar for dollar, the amount of the student's income used in the INAS calculation, in every case.
The result can be verified on a page that shows the INAS intermediate calculation values including Student Total Income (TI or STI), such as the EFC\DB Matches\Corr tab of the Correct ISIR Component. The end result of the final INAS calculation may not be obvious unless the user does a manual hand calculation to compare.
The issue can be reproduced at will with the following steps. Note, these steps show how to replicate from the Correct ISIR component, but the same issue will be seen with the equivalent steps taken on the INAS Simulation component.
- Navigate to Financial Aid > Federal Application Data > Correct 20nn-20nn ISIR records
- Choose a student with amounts indicated in the Adjusted Gross Income and Grant/Scholarship fields, on the Student Information tab.
- Click INAS button.
- Click on EFC\DB Matches\Corr tab and note the TI (if student is independent) or STI (if dependent) field reflects the AGI and other income without a reduction for the amount in the Grant/Scholarship field.
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