Estimates

Student and Program Information Tab

Use the Student and Program Information tab to specify the data that will be used as the basis for the award estimate.

1. If the student has an ISIR, select the Load ISIR Data button.

2. Select the Program Version The program version associated with the student or item..

   If an Estimated COA is configured for the program version, Anthology Student displays the value.

3. Specify or change the following values.

   Beginning Award Year The financial aid award year. Dep. of Deceased Veteran For academic years with award years 2009-10 and later, select this check box if the student is the dependent of a veteran that perished in Iraq or Afghanistan after September 11, 2001. Anthology Student automatically selects this check box if the ISIR for award year 2011-2012 or later is imported and the ISIR indicated that the student is a dependent of a deceased veteran (DOD Match flag). Eligible students receive the maximum Pell award as well as all Title IV aid based on a zero estimated family contribution (EFC) and may also qualify for an Iraq and Afghanistan Service Grant (IASG). Dependency Status Indicates whether a student is dependent, independent, or undetermined. The field displays the status from the student's FAFSA or ISIR. If you add a Federal Direct Parent Loan for Undergraduate Students (PLUS) loan or Federal Family Education Loan (FFEL) as a fund source and the status is undetermined, Anthology Student displays a message asking you if you want to change the student to a dependent. Eligible Health Profession This field enables two levels of additional awarding available to eligible graduate/professional students enrolled in Health Profession programs. The options are "Not Eligible or Declined", "Eligible for up to $16,667 in additional Stafford Loan", and "Eligible for up to $26,667 in additional Stafford Loan". Only graduate/professional grade level students are eligible for the higher amounts. The selection for this field on the Academic Year form determines the value displayed on the Award form. For additional information, refer to Background for Financial Aid. Enrollment Status The enrollment status included in the student's Enrollment record. For example, Full Time. Estimated COA  The estimated cost of attendance for the program version that you selected. First Time Borrower The First Time Borrower flag is automatically selected when a student is enrolled and the Grade Level set during enrollment is "1st year, never attended college". Otherwise, the flag is not automatically selected. When selected, specifies that the student is a first time borrower and that you want to delay the first loan disbursement by xx number of days from the start date of the academic year that your institution has configured for financial aid packaging.

   Grade Level The grade level for the student. Grade levels are configured by your institution and do not have to correspond to the option on the FAFSA or Stafford loan forms. The grade level is assigned to a student under Academic Records > Enrollment > Progress section. For a student to qualify for federal financial aid, a college grade level (1st year, 2nd year, etc.) must be assigned. For a Graduate PLUS loan, the grade level must be configured with the Department of Education ID 7 (Graduate/Professional or beyond). Housing Status The housing for the student. If a student has an ISIR that matches the award year 1 value, the housing status will be set to the housing status of the ISIR when the system automatically adds an academic year or a staff member adds an academic year. The choices are On Campus, Off Campus, and With Parent. Your institution can configure budgets associated with the housing for a student so that the value for Room and Board is added when you select a value in the Budget list. If you change the value after calculating the budget, Anthology Student displays a message asking you if you want to recalculate the budget using the new housing status. Sequence Specifies the sequence in the academic year. Start Date The start date of the student. Title IV rules state that a school must wait 30 days after the start date before disbursing Federal Student Aid (FSA) loans to the student if the student borrower is a first-time, first-year undergraduate student. This limitation does not apply to PLUS loans. Start Date Code The code for the start date of the program version. Start date codes are configured by your institution and associated with program versions. Student Marital Status The marital status of the student. The values are configured by your institution. Total Program COA Displays the sum of values in the record for Tuition, Books and School Supplies, and Other).

4. In the Sequence field, select a specific academic year or select All.

5. Under Student and Parent, specify or change the values related to their income. The fields under Parent are disabled if the Dependency Status is Independent.

   The Student and Parent information section is not displayed for the award years 2024-25 and later.

   Income If a student exceeds the maximum time frame of required credit or clock hours, the student is assigned to this group. You can only select manual groups. You cannot select dynamic, static, or frozen groups. Exemptions The number of tax exemptions the student or person. Specify a number between 0 and 50. Legal State The state where the student or person resides.

   Number in College The number of students in the family that are in college. Number in Family Number of people in the family. Income Tax The estimated income tax for the student or person. You can specify the value or have Anthology Student estimate the income tax when you select the Save button.

6. Select the Save button. Anthology Student validates the data to make sure it can calculate the estimated family contribution and Pell amounts.

7. To calculate the estimated award for the award years 2023-24 and earlier:

   • Either specify the value for Estimated EFC Beginning Award Year or select the Calculate EFC button to have Anthology Student calculate the value.

     Anthology Student uses the simplified needs formulas to calculate estimate family contribution (EFC) for students (independent) or parents (dependent) with gross income over $50,000 (U.S.).

   • Either specify the value for Estimated Pell Eligibility or select the Calculate Pell button to have Anthology Student calculate the value.

   To calculate the estimated award for the award years 2024-25 and later:

   • For a student without an ISIR, select the SAI Calculator tile (refer to SAI Calculator) to determine the Student Aid Index. The system will then display the value from the SAI Calculator in the yellow message area on the Estimates form.

     Specify a value in the Estimated SAI Beginning Award Year field. Once you tab out of the Estimated SAI Beginning Award Year field, the system will update the value displayed in the Estimated Pell Eligibility field.

   • For a student with an ISIR for 2024-25 and later, the Load ISIR Data option in Step 1 will have retrieved the Estimated SAI Beginning Award Yearand Estimated Pell Eligibility values, and you don't need to use the SAI Calculator.

     If you update the student’s data on the SAI Calculator page and select the Calculate SAI button, the changes will be reflected on the Estimates page.

   • The Estimated Pell Eligibility is calculated as follows:

     Estimated Pell Eligibility = Max Pell - Estimated SAI Beginning Award Year

     For award year 2024-25 and later, the Pell Eligible Flag in a student’s ISIR is set to true only if the student qualifies for a Pell award greater than or equal to Min Pell. Otherwise, this flag is set to false, and Pell is not awarded. Hence, the Estimated Pell Eligibility should not be less than Min Pell.

8. Select Save to save the changes.  Anthology Student displays the Estimated Awards tab so that you can proceed with the estimate.

9. If you want to delete an award, select the Delete button. Anthology Student removes the program version from the Program Version list and makes the fields read-only. When you select the new program version, the fields are cleared. When you delete an estimate, all of the information and awards for the estimate are removed.

Continue with the Estimated Awards tab.

Estimated Awards Tab

Use the Estimated Awards tab to review estimated awards. You can automatically or manually add the awards. You can also add or delete academic years.

To edit academic year sequence details:

1. In the Academic Years grid, select the number in the Sequence column.

2. In the dialog, complete the values.

   Cost of Attendance The cost of attendance. The source of the value can be the budget configured for the program version. Grade Level ID The grade level for the student. Grade levels are configured by your institution and do not have to correspond to the option on the FAFSA or Stafford loan forms. The grade level is assigned to a student under Academic Records > Enrollment > Progress section. For a student to qualify for federal financial aid, a college grade level (1st year, 2nd year, etc.) must be assigned. For a Graduate PLUS loan, the grade level must be configured with the Department of Education ID 7 (Graduate/Professional or beyond). Number of Terms in Ac Yr The number of terms in the academic year. The default is the number configured for the program version.

   Number of Terms Enrolled The number of terms the student plans to be enrolled. Package Method ID The packaging methods used for your financial aid programs. They contain the guidelines for your programs (such as the grade levels to which they apply and the minimum and maximum amounts that can be awarded for the fund sources). The list contains the packaging methods configured for the campus, grade level, award year, and dependency model for the student. Students that are configured with the Unsupported Dependent check box enabled are packaged with Unsubsidized Stafford loans only, despite the value displayed in the Packaging Method field.

3. In the Estimated Financial Aid grid, take the appropriate action.

   • To add awards manually, select the New button. Complete the values in the dialog. The fields vary depending on the type of award.

     Academic Year Sequence Specifies the sequence in the academic year. Award Type The type of the estimated award. The values are Grant, Loan, Student Payment/Other, and Work-Study. Award Year The financial aid award year. Gross Amount The gross amount the student is eligible to receive for the fund source before any fees. For Direct loans, this field is read-only of the origination status of the loan is Accepted, Batched to Send, or Pending Approval.

     Loan Fees The action you can take depends on how your institution configured the option to add bank fees for loans. If the field is read-only, your institution automatically adds the fees. If the field is editable, you can manually add the fees. If your institution installed an earlier release of Anthology Student, a message can also be displayed that asks you whether you want to automatically add or manually add the fees. Net Amount The net amount before fees are added. Source The source of this fund. If your institution is using fund source security, you must have permission to work with the fund source.

   • To add awards automatically based on the packaging method you selected, select the Package button. Anthology Student adds the awards to the list.

4. Select the Save button. Anthology Student closes the dialog and adds the award to the grid.

To add/delete academic years:

5. To add an academic year, select the Add button in the toolbar of the Academic Years grid.

6. In the dialog, complete the values and select OK.

   Award Year The financial aid award year. Cost of Attendance The cost of attendance. The source of the value can be the budget configured for the program version. Grade Level ID The grade level for the student. Grade levels are configured by your institution and do not have to correspond to the option on the FAFSA or Stafford loan forms. The grade level is assigned to a student under Academic Records > Enrollment > Progress section. For a student to qualify for federal financial aid, a college grade level (1st year, 2nd year, etc.) must be assigned. For a Graduate PLUS loan, the grade level must be configured with the Department of Education ID 7 (Graduate/Professional or beyond).

   Number of Terms in Ac Yr The number of terms in the academic year. The default is the number configured for the program version. Number of Terms Enrolled The number of terms the student plans to be enrolled. Package Method ID The packaging methods used for your financial aid programs. They contain the guidelines for your programs (such as the grade levels to which they apply and the minimum and maximum amounts that can be awarded for the fund sources). The list contains the packaging methods configured for the campus, grade level, award year, and dependency model for the student. Students that are configured with the Unsupported Dependent check box enabled are packaged with Unsubsidized Stafford loans only, despite the value displayed in the Packaging Method field.

   The system will not allow duplicate award years to be added to the academic year.

   After adding a new sequence, the number of records in grid will match that of the sequence on Student and Program Information tab.

7. To delete an academic year, select a record in the grid. The highest academic year should be deleted first.

   The system will not allow deleting a sequence which is in the middle of an academic year.

8. Select the Delete button in the toolbar of the Academic Years grid and confirm the deletion.

9. Once you have completed all edits, select the Save button on the toolbar.  

10. Select the Print Estimated Financial Aid Offer button to print the Summary report of the Financial Aid Offer. On selecting this button, the system presents the Summary Report of the Financial Aid Offer in a Financial Aid Overview.pdf file. The details in the PDF match the Summary Report that students can print from the Financial Aid Offer page in the Student Portal. However, since this is an estimate, all the fund sources in the report do not include any fund statuses.

For estimated awards (such as Direct loans), the values for Net Amount, Bank Fees, and Rebate Amounts are calculated from the Gross Amount of the award. The actual award will have disbursements with the values for Net Amount, Bank Fees, and Rebate Amount calculated from the Gross Amount of the disbursements and summed up for the total. Once the student is enrolled, there can be a variation between the values displayed for the estimated award and the actual award.