Financial Aid staff use the Institutional Needs Analysis System (INAS) Simulation functions as a work sheet to create different need analysis scenarios before committing the calculation for need analysis. The INAS Simulation process retrieves information from the ISIR Correction pages and INAS Federal Extension page.
Consider this scenario: A graduate student lost her job due to illness and expects to work less this year. This student would like you to reconsider her financial need. You will review her situation and perform an INAS simulation to determine the "what if" EFC based on the new income information. You will also use the data from the simulation instead of the student's current ISIR data. After you calculate and apply the new EFC, you will verify that the student's record is flagged as a correction to send to the CPS.
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