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After IM Calculation for Aid Year 2024-2025, Elementary/Secondary Tuition Amount Shown on Maintain Application 2024-2025 Computation Summary is Incorrect - Reflecting the 'Current' Rather than 'Expected' Amount Entered for 'Other Tuition Paid' (Doc ID 2993700.1)

Last updated on JANUARY 25, 2024

Applies to:

PeopleSoft Enterprise CS Financial Aid - Version 9.2 and later
Information in this document applies to any platform.

Symptoms

When calculating the EFC using Institutional Methodology (IM) in Aid Year 2024-2025, for a student with Private K-12 Tuition expense reported for the parents in the 'Other Tuition Paid' fields on the Maintain Institutional Application component, the allowance amount factored into the IM calculation as shown on the Computation Summary tab of the component is incorrect - at least in certain situations. The issue occurs without using the IM extensions- meaning the calculation should be using what has been set up for the field allowance on the College Board NAO.

Specifically, when a value less than the NAO allowance amount is reported in the Current field on the application, and a value >= NAO is reported in the expected field, the lower/current value is the one used in the calculation.

The lessor of the expected amount reported for 'Other Tuition Paid' or the allowance amount entered in the NAO is what is expected to be used to determine the allowance amount. That is how it always worked in previous Aid Years, and College Board has confirmed that did not change for 2024-2025.

The issue can be reproduced at will with the following steps:

  1. Navigate to Financial Aid > Institutional Application Data > Maintain Application 2024-2025 > Custodial Parent Data.
  2. Choose a record (or manually update the fields) where the Other Tuition Paid Current is set to a value < the allowance value set in the NAO, and the Expected value is set to an amount >= the allowance in the NAO.
  3. Click INAS button to calculate IM.
  4. On the Computation summary tab, observe that the lower amount is what is shown in the IM parent columns for the 'Elementary/Secondary Tuition' field.

Changes

The issue occurs after applying PRP 35266241 - 2024-2025 Aid Year Setup for Institutional Methodology (IM), which first delivered the ability to calculate the IM EFC for Aid Year 2024-2025.

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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