College Finance Plan

The College Finance Plan, formerly known as the Financial Aid Shopping Sheet, is a standardized form developed by the U.S. Department of Education for prospective students to compare the estimated costs of colleges and the types and amounts of aid available. The costs listed are subject to change and financial aid is contingent upon the student meeting all eligibility requirements. All financial aid depends on available funds and is based on full-time enrollment. The College Finance Plan is your institution's best estimate of a student's financial aid eligibility based on FAFSA results or institutional methodology, projected costs, and possible funds. The actual amounts will be provided to the student in the official award letter.

Use the tabs on the College Finance Plan form to configure College Finance Plans for undergraduate and graduate students. You can:

  • Specify the cost of attendance at the campus and program version level for prospective students.

  • Specify the loan and grant options at the campus and program version level for prospective students.

  • Specify work-study and income share agreements for undergraduate and graduate students.

    Note: For award years 2022-23 and later, the "Work-Study / Income Share Agreements" tab is renamed "Work-Study / VA Education Benefits". Institutions can specify the maximum amounts available under VA Education Benefits. When printing/publishing the College Finance Plan for students, institutions choose if they want to include VA Education Benefits on the College Finance Plan.

  • Specify interest rates and origination fees for loans.

  • Specify the fund source categories for enrolled students.

    Note: For some short, non-eligible programs there likely will not be an academic year configured in Anthology Student. To provide a College Finance Plan to students enrolled in these programs, you can leverage the Prospective Student College Finance Plan options.

  • Add the campus logo and a shortened institution name to the College Finance Plan.

    Note: In Regulatory 14.1 and later, the "Logo / Short Name" tab is renamed "Logo / Address". The tab enables institutions to configure specific contact and address information for their financial aid office to be included on the College Finance Plan form for students. Previously, the College Finance Plan displayed generic contact information that was retrieved from the campus configuration.

  • Add custom text to the comment fields at the bottom of the College Finance Plan form.

Prerequisites

You must have the following authorization:

  • Common - Configuration - View

  • Financial Aid – Configuration - College Finance Plan – Edit, Delete, and View

Access Method

Select the Configuration tile > expand Financial Aid > select College Finance Plan.

Procedure to Configure College Finance Plan

The College Finance Plan configuration for 2022-23 and later enables you to specify all:

  • Dollar amounts with 6 digits before the decimal point and 2 digits after the decimal point, for example, $909,999.99.
    Without decimals, the system accepts 7 digits, for example, 9,999,999

  • Percentage values with 2 digits before the decimal point and 1, 2, or 3 digits after the decimal point, for example, 5.2%, 6.12%, or 27.589%.
    The system does not pad percentages with zeros when you enter 1 or 2 digits after the decimal.
    The system accepts a maximum value of 100%.

Prospective Students Costs Tab

Use this tab to configure the estimated cost of attendance (COA) for prospective students for each program version offered at your campus. This information should provide a clear understanding of the costs associated with one year of enrollment at the institution for the named student.

  1. Select an Award Year or accept the session default.

  2. Select a Campus or accept the session default.

  3. Select the Apply Filters button.

    Program VersionClosed The name of the program version.

    CodeClosed The alphanumeric code assigned to the item by your institution. In most cases, codes must be unique.

    ActiveClosed Specifies whether the associated record is active.

    ConfiguredClosed Indicates whether the record is configured.

    Tuition and FeesClosed Cost of tuition and fees for a program per award year.

    Books and SuppliesClosed Cost of books and supplies for a program per award year

    TransportationClosed Cost of transportation for a program per award year.

    Other Educational CostsClosed Other educational costs for a program per award year.

    Housing and Food Closed The estimated housing and food costs for the student for the academic year. If your institution configured a default budget for the program version or you select a budget in the Budget Definition list, Anthology Student displays the value from the budget. You can change the value.

    * Housing and Food N/AClosed Select this check box if costs for on campus housing and food are not applicable.

    * Off Campus Housing and FoodClosed Cost for off campus housing and food per award year

    * Displayed for award years 2020-21 and later.

  4. Configure the COA for individual program versions by adding or editing the values in the applicable fields.

    — OR —

    Select the check boxes in the left column for the program versions you want to configure and select Update Program Versions in the grid toolbar. The Update All Selected Values dialog appears. Add or edit the cost values in the dialog and select OK.

  5. Select the Save button in the grid toolbar. When the configured values are saved, the Configured column will display Yes.

Prospective Student Loan Options Tab

Use this tab to configure the loan options available to prospective students for each program version offered at your campus. Evaluate the student’s financial circumstances and specify the recommended loan amount, even if it is zero, for each loan option that the student qualifies for. Usually, the recommended loan amounts for the named student are based on the FAFSA results; however, an institutional methodology may also be used. For loan options that do not apply to the student, select the N/A field (for example, graduate students do not qualify for Pell grants or Direct Subsidized Loans).

  1. Select an Award Year or accept the session default.

  2. Select a Campus or accept the session default.

  3. Select the Apply Filters button.

    Program VersionClosed The name of the program version.

    CodeClosed The alphanumeric code assigned to the item by your institution. In most cases, codes must be unique.

    ActiveClosed Specifies whether the associated record is active.

    ConfiguredClosed Indicates whether the record is configured.

    * Perkins LoanClosed A Perkins loan is a low-interest federal student loans for undergraduate and graduate students with exceptional financial need. Specify the estimated loan amount that the student is eligible for.

    * Perkins Loan N/AClosed Federal Perkins Loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    Direct Sub LoanClosed Loan funds provided to the student by the U.S. Department of Education, through the school. Undergraduate students with financial need can qualify for a subsidized loan. Specify the estimated loan amount that the student is eligible for.

    Direct Sub Loan N/AClosed Federal Direct Subsidized Loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    Direct Unsub LoanClosed Loan funds provided to the student by the U.S. Department of Education, through the school. Undergraduate students and graduate students regardless of their need, qualify for an unsubsidized loan. Specify the estimated loan amount that the student is eligible for.

    Direct Unsub Loan N/AClosed Federal Direct Unsubsidized Loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    ** Private LoanClosed A student or parent loan from a commercial, state-affiliated, or institutional lender used to pay for up to the annual Cost of Attendance, less any financial aid received. Specify the estimated loan amount that the student is eligible for.

    ** Private Loan N/AClosed Private student loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    ** Institutional LoanClosed Loan offered by the college or university to help students and their families pay for college expenses. Specify the estimated loan amount that the student is eligible for.

    ** Institutional Loan N/AClosed Institutional Loan - Note Applicable. Select the N/A field if the loan option does not apply to the student.

    ** Grad Institutional LoanClosed Loan offered by the college or university to help graduate students and their families pay for college expenses. Specify the estimated loan amount that the student is eligible for.

    ** Grad Institutional Loan N/AClosed Graduate Institutional Loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    ** Parent PLUS LoanClosed Direct PLUS Loans for Parents are unsubsidized loans made to parents of dependent undergraduate students. Specify the estimated loan amount that the student is eligible for.

    ** Parent PLUS Loan N/AClosed Parent PLUS Loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    ** Other AidClosed Financial aid offered to specific student groups by various organizations and agencies (beyond federal, state, and institutional aid). Specify the estimated loan amount that the student is eligible for.

    ** Other Aid N/AClosed Other Aid - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    Grad PLUS LoanClosed The Graduate PLUS Loan is a federal student loan available to students attending graduate school and professional school. It offers a fixed interest rate and flexible loan limits. Specify the estimated loan amount that the student is eligible for.

    Grad PLUS Loan N/AClosed Graduate PLUS Loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    ** Grad Private LoanClosed The Grad Private Loan is a private student loan available to students attending graduate school and professional school. It offers a variable interest rate and flexible loan limits. Specify the estimated loan amount that the student is eligible for.

    ** Grad Private Loan N/AClosed Graduate Private Loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    HRSA LoanClosed The Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services (HHS) offers financial assistance to help finance education and training for health care workers, including doctors, dentists, optometrists, pharmacists, podiatrists, veterinarians, and nurses. Specify the estimated loan amount that the student is eligible for.

    HRSA Loan N/AClosed Health Resources and Services Administration (HRSA) Loan - Not Applicable. Select the N/A field if the loan option does not apply to the student.

    * Displayed for award years 2019-20 and earlier.

    ** Displayed for award years 2020-21 and 2021-22.

  4. Configure the loan options for individual program versions by adding or editing the loan option values. Select the N/A check box if a loan option is not applicable.

    — OR —

    Select the check boxes in the left column for the program versions you want to configure and select Update Program Versions in the grid toolbar. The Update All Selected Values dialog appears. Add or edit the values in the dialog and select OK.

    Fields that are not populated will display "N/A" in the grid.

  5. Select the Save button in the grid toolbar. When the configured values are saved, the Configured column will display Yes.

Prospective Student Grant Options Tab

Use this tab to configure scholarship and grant options available to prospective students for each program version offered at your campus.

  1. Select an Award Year or accept the session default.

  2. Select a Campus or accept the session default.

  3. Select the Apply Filters button.

    Program VersionClosed The name of the program version.

    CodeClosed The alphanumeric code assigned to the item by your institution. In most cases, codes must be unique.

    ActiveClosed Specifies whether the associated record is active.

    ConfiguredClosed Indicates whether the record is configured.

    School ScholarshipClosed Scholarship provided by the institution. Specify the estimated scholarship amount that the student is eligible for.

    School Scholarship N/AClosed School Scholarship - Not Applicable. Select the N/A field if the scholarship option does not apply to the student.

    State ScholarshipClosed Scholarship provided by the state. Specify the estimated scholarship amount that the student is eligible for.

    State Scholarship N/AClosed State Scholarship - Not Applicable. Select the N/A field if the scholarship option does not apply to the student.

    Other ScholarshipClosed Other Scholarship (not provided by the state or institution). Specify the estimated scholarship amount that the student is eligible for.

    Other Scholarship N/AClosed Other Scholarship - Not Applicable. Select the N/A field if the scholarship option does not apply to the student.

    Employer Paid TuitionClosed Tuition paid by the student's employer. Specify the estimated amount that the student is eligible for.

    Employer Paid Tuition N/AClosed Employer Paid Tuition - Not Applicable. Select the N/A field if the option does not apply to the student.

    Pell GrantClosed The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain postbaccalaureate students. Grant amounts are dependent on: the student's expected family contribution (EFC) or Student Aid Index (SAI - 2024-25 and later); the cost of attendance (as determined by the institution); the student's enrollment status (full-time or part-time); and whether the student attends a full academic year or less. Specify the estimated grant amount for which the student is eligible.

    Pell Grant N/AClosed Pell Grant - Not Applicable. Select the N/A field if the grant option does not apply to the student.

    Institutional GrantClosed Grant provided by the institution. Specify the estimated grant amount that the student is eligible for.

    Institutional Grant N/AClosed Institutional Grant - Not Applicable. Select the N/A field if the grant option does not apply to the student.

    State GrantClosed Grant provided by the state. Specify the estimated grant amount that the student is eligible for.

    State Grant N/AClosed State Grant - Not Applicable. Select the N/A field if the grant option does not apply to the student.

    Other GrantClosed Other grant (not provided by the state or institution). Specify the estimated grant amount that the student is eligible for.

    Other Grant N/AClosed Other Grant - Not Applicable. Select the N/A field if the grant option does not apply to the student.

    * School Paid TuitionClosed The institution attended by the student provides the benefit of free tuition. Specify the estimated amount that the student is eligible for.

    * School Paid Tuition N/AClosed School Paid Tuition - Not Applicable. Select the N/A field if the option does not apply to the student.

    * Tuition WaiverClosed A tuition waiver is a cancellation of tuition and fees associated with college education for qualifying students. Specify the estimated amount that the student is eligible for.

    * Tuition Waiver N/AClosed Tuition Waiver - Not Applicable. Select the N/A field if the option does not apply to the student.

    * Disadvantaged ScholarshipClosed The Scholarships for Disadvantaged Students program provides funds to schools. In turn, the schools make scholarships to full-time, financially needy students from disadvantaged backgrounds, enrolled in health professions and nursing programs. Specify the estimated scholarship amount that the student is eligible for.

    * Disadvantaged Scholarship N/AClosed Disadvantaged Scholarship - Not Applicable. Select the N/A field if the scholarship option does not apply to the student.

    * Displayed for award years 2021-22 and later.

  4. Configure the grant options for individual program versions by adding or editing the values in the applicable fields. Select the N/A check box if a grant option is not applicable.

    — OR —

    Select the check boxes in the left column for the program versions you want to configure and select Update Program Versions in the grid toolbar. The Update All Selected Values dialog appears. Add or edit the values in the dialog and select OK.

    Fields that are not populated will display N/A in the grid.

  5. Select the Save button in the grid toolbar. When the configured values are saved, the Configured column will display Yes.

Work-Study / VA Education Benefits Tab

Use this tab to configure the number of work-study hours and other campus jobs available to prospective and enrolled students. Work options are considered aid awarded by the institution but earned through work.

For award years 2022-23 and later, the "Work-Study / Income Share Agreements" tab is renamed "Work-Study / VA Education Benefits". The Income Share Agreements fields are replaced with the VA Education Benefits fields.

  1. Select an Award Year or accept the session default.

  2. Select the Apply Filters button.

    Work-Study

    Work-StudyClosed Specify the dollar amount for work-study available to prospective and enrolled students.

    Work-Study HoursClosed Specify the work-study hours per week available to prospective and enrolled students.

    Other Campus JobsClosed Specify the dollar amount for other campus jobs available to prospective and enrolled students.

    Graduate Work-StudyClosed Specify the dollar amount for work-study available to graduate students.

    Graduate Work-Study HoursClosed Specify the work-study hours per week available to graduate students.

    AssistantshipsClosed Specify the dollar amount for assistantships available to graduate students.

    Income Share Agreement  

    The Income Share Agreement section is used only in the 2021-22 award year.

    ClosedSee Note.

    Max AmountClosed Maximum income share amount for prospective and enrolled undergraduate students.

    Percent of IncomeClosed Percent of income shared for prospective and enrolled undergraduate students.

    Number of MonthsClosed Number of months the income share agreement applies for prospective and enrolled undergraduate students

    Graduate Max AmountClosed Maximum income share amount for graduate students.

    Graduate Percent of IncomeClosed Percent of income shared for graduate students

    Graduate Number of MonthsClosed Number of months the income share agreement applies for graduate students.

    VA Education Benefits

    ClosedSee Note.

    Education BenefitClosed Specify the maximum amount of VA Education Benefits available to undergraduate students at your institution.

    Graduate Education BenefitClosed Specify the maximum amount of VA Education Benefits available to graduate students at your institution.

  3. Configure the work-study options and income share or VA Education Benefit details for your campus available to undergraduate and graduate students.

  4. Select the Save button in the grid toolbar.

Interest Rate Tab

Use this tab to configure the interest rates and origination fee rates that apply to each loan option in the College Finance Plan.

  1. Select an Award Year or accept the session default.

  2. Select the Apply Filters button.

    Loan Rate

    Federal Grad PLUS LoanClosed Specify the interest rate for a Federal Direct Parent PLUS Loan for graduate students.

    Federal Direct Unsubsidized LoanClosed Specify the interest rate for a Federal Direct Unsubsidized Loan.

    Federal Grad Unsubsidized LoanClosed Specify the interest rate for a Federal Direct Unsubsidized Loan for graduate students.

    * Private LoanClosed Specify the interest rate for a private loan.

    *** Institutional LoanClosed Specify the interest rate for an institutional loan.

    Federal Direct Subsidized LoanClosed Specify the interest rate for a Federal Direct Subsidized Loan.

    ** HRSA LoanClosed Specify the interest rate for an HRSA loan.

    *** Graduate Institutional LoanClosed Specify the interest rate for an institutional loan.

    * Displayed only for the award year 2020-21.

    ** Displayed for award years 2021-22 and later.

    *** Removed in the award year 2022-23.

    Origination Fee Rate

    The Origination Fee Rate section is used in the award years 2021-22 and later.

    *** Institutional Loan Origination FeeClosed Specify the origination fee for an institutional loan.

    HRSA Loan Origination FeeClosed Specify the origination fee for an HRSA loan.

    *** Grad Institutional Loan Origination FeeClosed Specify the origination fee for a graduate institutional loan.

    *** Removed in the award year 2022-23.

  3. Configure the interest rates for the applicable loan options.

  4. Select the Save button in the grid toolbar.

Enrolled Students Tab

Use this tab to configure the fund sources available to enrolled students at your campus.

Note: For some short, non-eligible programs there likely will not be an academic year configured in Anthology Student. To provide a College Finance Plan to students enrolled in these programs, you can leverage the Prospective Student College Finance Plan options.

  1. Select an Award Year or accept the session default.

  2. Select the Apply Filters button.

    Fund SourceClosed Indicates the different types of Financial Aid available in the system.

    ActiveClosed Specifies whether the associated record is active.

    ConfiguredClosed Indicates whether the record is configured.

    CategoryClosed If the Configured column displays Yes, the Category field indicates the Code for the configured the fund source category. Select Update Fund Source Category to edit the values in this column.

  3. Select a fund source and select Update Fund Source Category to edit the values in the Category column. Select from the following options and select OK.

    Name Old Code New Code Used in Award Year
          20-21 21-22 22-23 and later
    Employer Paid Tuition Benefit E EMPLTUIT x x x
    HRSA Loan   HRSALOAN   x x
    Institutional Loan I INSTLOAN x x  
    Other Aid That Must Be Repaid O   x    
    Other Forms of Grant Aid G OTHGRANT x x x
    Private Loan L PRIVLOAN x x  
    Scholarships for Disadvantaged Students   DISADVSC   x x
    School-Paid Tuition Benefit   SCHTUIT   x x
    Tuition Remission Waiver   TUITWAVR   x x
    VA Education Benefit   VABENEFI     x

  4. Select the Save button in the grid toolbar. When the configured values are saved, the Configured column will display Yes.

Logo / Address Tab

Use this tab to configure the logo, short name, and financial aid office contact information for your institution to be displayed on the College Finance Plan.

The logo appears at the top of the College Finance Plan. If a custom logo is not configured, the default logo will be used. If a custom logo is not used and there is no configured default logo, the logo section will be blank. The short name (initials or acronym) is visible in more than one place on the College Finance Plan.

You can configure the contact and address information for the institution’s financial assistance office so that this information is included on the College Finance Plan form generated by students. Optional fields for the financial aid office contact name, address, phone number, email, etc. have been added to the Logo/Address tab. If no address is configured, the system will use the address from the default Campus Contact Information.

  1. Select an Award Year or accept the session default. The grid displays the following fields.

    CampusClosed The campus where the student or students were enrolled.

    CodeClosed The alphanumeric code assigned to the item by your institution. In most cases, codes must be unique.

    ConfiguredClosed Indicates whether the record is configured.

    Campus Short NameClosed The Short Name of the institution (usually the acronym) appears in several places on the Shopping Sheet.

    LogoClosed A graphic mark, emblem, or symbol used to aid and promote public recognition of an institution.

    Contact NameClosed The name of the contact within the institution. If you are selecting a contact in a list, it contains the contacts configured for your institution.

    AddressClosed The address of the building.

    CityClosed The name of the city.

    StateClosed If within the United States, the name of the state.

    ZIP CodeClosed The postal code for the address. If you are specifying an address, you must specify a value for City or State. If you specify a city or state or both, the list contains the valid zip codes.

    Phone Closed The phone number. The format depends on how your institution configured phone numbers (such as whether phone numbers use parentheses and hyphens).

    EmailClosed The email address.

  2. To configure the details for a campus, select a record in the grid.

  3. To update the short name, select Update Campus Short Name in the grid toolbar. The Update Campus Short Name dialog is displayed.

  4. Specify the campus short name and select OK.

  5. To update the logo, select Update Campus Logo in the grid toolbar. The Update Campus Logo dialog is displayed.

  6. Select the Upload Logo button, browse to the logo image file, and select OK.

    Logo dimensions must not exceed 300 x 80 pixels. The supported image formats are BMP, GIF, JPG, JPEG, TIF, TIFF, and PNG.

    After selecting a logo file, a thumbnail of the image is displayed in the dialog.

  7. To update the institution’s financial assistance office contact and address information, select Update Address in the grid toolbar. The Update Address dialog is displayed.

  8. Specify the contact name, address, city, state, ZIP code, phone, and email address and select OK.

  9. Select the Save button in the grid toolbar. When the configured values are saved, the Configured column will display Yes.

Comments Tab

Use this tab to configure custom text to be displayed on the College Finance Plan for each campus. The custom text can be tailored to address prospective students, applicants, enrolled students, or all users.

Note: For award years 2021-22 and later, you can configure separate College Finance Plans for undergraduate and graduate students and enter specific comments and next steps for undergraduate and graduate students.

  1. Select an Award Year or accept the session default.

  2. Select the Apply Filters button.

    CampusClosed The campus where the student or students were enrolled.

    CodeClosed The alphanumeric code assigned to the item by your institution. In most cases, codes must be unique.

    ConfiguredClosed Indicates whether the record is configured.

    Prospective Student CommentClosed Descriptive text added at the bottom of the institution's Shopping Sheet for prospective students.

    Applicant or Enrolled CommentClosed Descriptive text added at the bottom of the institution's Shopping Sheet for applicants or enrolled students.

    * Next Steps Closed Text field for instructions about the next steps in the application process.

    * Next Steps Enrolled StudentsClosed Text field for instructions about the next steps for enrolled students.

    * Displayed for award years 2020-21 and later.

    ** Graduate Prospective Student CommentClosed Descriptive text added at the bottom of the institution's Shopping Sheet for prospective students.

    ** Graduate Applicant or Enrolled CommentClosed Descriptive text added at the bottom of the institution's Shopping Sheet for applicants or enrolled students.

    ** Graduate Next Steps Closed Text field for instructions about the next steps in the application process.

    ** Graduate Next Steps Enrolled StudentsClosed Text field for instructions about the next steps for enrolled students.

    ** Displayed for award years 2021-22 and later.

  3. Select the check boxes in the left column for the campuses you want to configure and select Update Campuses in the grid toolbar. The Update All Selected Values dialog appears. Add or edit the values in the dialog and select OK.

  4. Select the Save button in the grid toolbar. When the configured values are saved, the Configured column will display Yes.