Changing FM Need Analysis Calculations


Concept


Steps:

  1. Begin by navigating to the FAFSA Information page.

     

    Click the Financial Aid link.

    Step 1
  2. Click the Federal Application Data link.

    Step 2
  3. Click the Correct 2006-2007 ISIR records link.

    Step 3
  4. Enter the desired information into the ID field. Enter

     a valid value
     e.g.
     "FA0786"
    .

    Step 4
  5. Click the Search button.

    Step 5
  6. You can use the FAFSA Information page to correct ISIR data. To make corrections to the ISIR, you must insert a new effective-dated row in the component to make all correctable fields available. An Add Row button is available when an ISIR has not yet been corrected.

    Step 6
  7. Click the Collapse button.

    Step 7
  8. When you click the Add Row button to insert a new ISIR row, the fields become available to make corrections to the ISIR.

     

    Click the Add Row button.

    Step 8
  9. For the Correction Status field, set the value to Send when the ISIR is ready to be sent to the CPS to request a corrected ISIR.

     

    Click the Correction Status list.

    Step 9
  10. Click the Send list item.

    Step 10
  11. Click the vertical scrollbar.

    Step 11
  12. Click in the AGI field.

    Step 12
  13. Enter the desired information into the AGI field. Enter

     a valid value
     e.g.
     "12,000"
    .

    Step 13
  14. Click in the Student Income field.

    Step 14
  15. Enter the desired information into the Student Income field. Enter

     a valid value
     e.g.
     "12,000"
    .

    Step 15
  16. Click in the U. S. Tax Paid field.

    Step 16
  17. Enter the desired information into the Assumptions field. Enter

     a valid value
     e.g.
     "900"
    .

    Step 17
  18. Click the vertical scrollbar.

    Step 18
  19. Click the INAS button.

    Step 19

You have successfully adjusted a student's adjusted gross income and calculated the estimated family contribution.

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