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Administrator Guide
Last Updated: 2023-09-08
Create Amount Interim Calculations

Create Amount Interim Calculations

Security:
Set Up: Student Interim Calculation
 domain in the Financial Aid functional area.
Amount interim calculations are custom calculations that you can use to determine how much students receive from each award item. They enable you to account for:
  • Amounts received from other award items that Workday packages in the same packaging run.
  • The student's remaining financial aid need and costs.
Workday recommends that you consider academic periods when creating amount interim calculations. Workday calculates amounts from amount interim calculations based on academic periods.
  1. Access the
    Create Student Amount Interim Calculation
     task.
  2. As you complete the task, consider:
    Option Description
    Amount 1
    Amount 2
    Calculation
    : Select to create or use an existing numeric calculation in Workday.
    Sum of Award Amounts
    : Select to create an amount using the sum of other award amounts.
    Unmet Cost
    : Select to use the student's unmet cost of attendance at the current point of packaging. This amount varies by student.
    Unmet Need
    : Select to use the student's unmet need at the current point of packaging. This amount varies by student.
    Awards
    Select to use the sum of all the amounts from this award. You can narrow your selection by specifying
    Award Types
     or
    Award Sources
    .
    Operation
    Select an operation to calculate
    Amount 1
     with
    Amount 2
    .
    Example: If you select
    Subtract
    , Workday subtracts the
    Amount 2
     from
    Amount 1
    .
    Rounding Option
    Select to round the calculation down to the nearest 10, 50, or 100.
Assign the amount interim calculation to an award item.