FA Estimate is a financial document for students with pre-estimates for Financial Aid. It is a simplified form of the Financial Aid Plan. It can be created for a student in any stage and for each group of the student.
Create FA Estimate on the Financial tab on the Student Profile → Details tab. Select the Create Financial Aid Estimate action in the corresponding group row:
Then select the FA Plan template and student's ISIR and click the Create button.
The created FA Estimate will be filled with the information from the selected FA Plan template. The ISIR information will be displayed:
FA Estimate is created:
Note: Net amounts are calculated by the formula: Net Amount = Gross Amount - (Gross Amount * (1 - Selected Origination Fee Amount)/100). And in that calculation, firstly, the gross amount is divided in two equal parts then the net amount is calculated for each part and summed up.
You can delete, edit, and add new awards in FA Estimate. Edit it by simply changing the amount in a cell. To delete an award, use the Delete item in the Actions drop-down menu at the bottom of the page:
Add a new award by clicking the Add Award item in the Actions drop-down menu at the bottom of the page:
FA Estimates can be generated as a PDF document. Click the View FA Estimate (PDF) item in the Actions drop-down menu:
You can send FA estimates to the student using the Send FA Estimate item in the Actions drop-down menu at the bottom of the page. This action requires confirmation:
After the email was sent, the email date and time are reflected in the FA Estimate Sent on field:
This information is also shown in the FA Estimate Date field in the FA Tracking Report:
