FAFSA Simplification for the 24-25 Award Year

Last Updated: 8/12/2024

This guide is intended as a resource to summarize the enhancements and updates made within PowerFAIDS to support the extensive changes from the Department of Education (ED) to the Free Application for Federal Student Aid (FAFSA) for the 2024-2025 award year. These are changes are collectively known as FAFSA Simplification. For more general information about the changes to the FAFSA and the impacts on processing federal aid, please consult resources provided by the Department of Education on their FSA Training Center.

ISIR Data

New Fields

Hundreds of new fields have been added to the ISIR data pages on the student record to support the 24-25 FAFSA. You will see these fields only when looking at the 24-25 award year; the data shown on the record for the 23-24 award year will continue to reflect the prior format.

Calculated Fields

For certain types of data found on the Calculated Data page, you will see both an 'ISIR' column and a 'Calculated' column. Values in the 'ISIR' column are calculated by the FAFSA Processing System (FPS) using data submitted in the associated ISIR transaction. Values in the 'Calculated' column are calculated by the system based on the most current data available in PowerFAIDS.

Student's Spouse Data

On the Student Data page, there is now data related to the student's spouse, if provided. When a data point is collected separately for both the student and their spouse, the associated field aliases use the following format:

Student Field

Spouse Field

ISIRStudent.FieldName ISIRStudent.SpouseFieldName

Updated Fields

To support updates to the language used on the 24-25 FAFSA, some field labels and their associated field aliases (used in selection sets, custom reports, and so on) have been updated in PowerFAIDS.

As you can see in the table above, certain naming conventions were adjusted for the 24-25 award year relating to who a particular piece of data is associated with. Instead of Parent 1 and Parent 2, the FAFSA now refers to these parties as Parent and Parent's Spouse or Partner. When a data point is collected separately for both the parent and their spouse or partner, the associated field aliases use the following format:

Parent Field

Parent's Spouse or Partner Field

ISIRParent.FieldName ISIRParent.SpouseOrPartnerFieldName

Removed and Replaced Fields

In addition to those fields that were added and updated for the 24-25 award year, there are also fields that will no longer be used moving forward. For many of those fields however, there is a comparable new field that's been added.

Caution: If any of the removed field aliases have been used in a selection sets, custom reports, communications templates, or custom processes, we encourage schools to remove them. Otherwise, the field alias will display a blank value after September 6, 2024.

For example, if the ISIRCalculated.FederalEFC field alias was used in a selection, after September 6 the selection set would display a blank rule where that field alias was used. The selection set would need to be updated before it can be used. If any of these field aliases have been used and need to be replaced, suggested replacement field aliases have been included in parentheses.

ISIR Corrections

Due to the number of new and updated fields in the 24-25 ISIR, the ISIR Correction comparison settings will need to be reviewed to account for any updates you want to make regarding the new fields. All new fields have been defaulted to 'compare'.

Pell Grant Calculations

Enrollment Intensity

Starting in the 24-25 award year, Federal Pell Grant eligibility and award amount calculations have been updated to use a new Enrollment Intensity factor in place of the prior enrollment status. PowerFAIDS calculates Enrollment Intensity using data collected in the Academic Years & Payment Periods page of the student record. The payment period Scheduled Weeks value and the academic year Hours in Year and Weeks in Year values are used to calculate full-time status for non-standard terms; standard terms use the federally defined full-time enrollment of 12 hours to represent full-time status. The payment period Scheduled Hours value is then used to calculate enrollment intensity. The default values in these fields are originally set in the payment period and academic year definitions when the entities are created in System Administration, but they can be updated for each individual student.

Standard Term Calculation

Enrollment Intensity Calculation: (PaymentPeriod.ScheduledHours * multiplied by 100) / divided by 12 (carry decimals out to 3 digits after the decimal). The result is then rounded to the nearest whole percent; capped at 100%.

Non-standard Term Calculation

Full-time Enrollment Calculation: (PaymentPeriod.ScheduledWeeks * multiplied by SystemAdministration.AcademicYearHoursInYear ) / divided by SystemAdministration.AcademicYearWeeksInYear (carry decimals out to 3 digits after the decimal). The result is then rounded up to the next whole number.

Enrollment Intensity Calculation: (PaymentPeriod.ScheduledHours * multiplied by 100) / divided by the Full-time Enrollment value above (carry decimals out to 3 digits after the decimal). The result is then rounded to the nearest whole percent; capped at 100%.

Packaging

Starting in the 24-25 award year, the Student Aid Index (SAI) has replaced the Expected Family Contribution (EFC) value for calculating Title IV federal aid eligibility and award amounts. Unlike the EFC, the SAI value can be negative. When packaging aid, a negative SAI is converted to 0 for all calculations other than for Federal Pell Grants.

Updates to Preconfigured Federal Items

Refer to the worksheets below to determine what updates are needed to the preconfigured federal setup items:

Tip: If your institution edited the names of the preconfigured federal setup items, then the provided list will not match your system exactly.