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Administrator Guide
Last Updated: 2024-09-20
Correct ISIR Transactions

Correct ISIR Transactions

  • The student has an active ISIR transaction.
  • Security:
    Manage: ISIR - USA
     domain in the Financial Aid functional area
Per this announcement by the Department of Education (ED), you must manually submit ISIR corrections using the FAFSA Partner Portal (FPP) for only the 2024-2025 award year. Based on this guidance, we recommend using Workday for ISIR corrections starting with the 2025-2026 award year.
When Workday loads student ISIRs for a financial aid award year, students receive action items to verify that the information on their ISIRs is correct. As students complete their action items, you can make adjustments to their ISIRs so that all the data is up to date. All data on an ISIR must be accurate and verified by the FAFSA Processing System (FPS) for the student to receive correct amounts of financial aid.
You can continue to update student ISIRs throughout the year as their information changes. When you update ISIRs, Workday's financial aid processing ensures that those changes are reflected in student financial aid.
You can edit ISIRs at any point in the year as long as the ISIR transaction status is:
  • Active
  • Pending Review
  • Ready to Transmit
  1. Access the
    ISIR
     report on the Financial Aid profile group of the student profile.
  2. From the related actions menu of the transaction, select
    ISIR Transaction
    Edit
    .
  3. As you complete the task, consider:
    Option
    Description
    Professional Judgment Indicator
    Select to indicate that you're using your professional judgment as a financial aid administrator (FAA) to alter the data on this ISIR transaction used for calculating:
    • Expected Family Contribution (EFC), when the ISIR is for an award year before 2024-2025.
    • Student Aid Index (SAI), when the ISIR is for the 2024-2025 award year and after.
    Dependency Override Indicator
    Select the reason for changing the student from Dependent to Independent.
    Grade Level Group
    When changing the
    Student's Grade Level in College
     for award years 2024-2025 and later, Workday displays an alert message indicating that the change may impact the student's financial aid packaging. Note that Workday bases packaging, COD, and disbursements on the federal student aid (FSA) grade level of the financial aid period record (FAPR) and the Grade Level Group of the active ISIR.
    If you click
    OK
     on the
    Student Biographic
     tab, the
    Activate Other ISIR
     section displays. In the
    ISIR Transaction to Activate
     field, you can select a previous ISIR to activate from the original Grade Level Group of the edited ISIR. This field value defaults to another ISIR with the highest transaction number.
    After clicking
    Submit
    , the ISIR you selected becomes the new active ISIR for its Grade Level Group. While the edited ISIR remains associated with its original Grade Level Group for the time being, its status changes to
    Ready to Transmit
    , as it's now ready for submission to FPS.
  4. Click
    OK
    .
  5. Click
    Calculate SAI
     to recalculate the student's Student Aid Index (SAI).
    If the ISIR is for an award year before 2024-2025, the button displays as
    Calculate EFC
    .
Workday sends the ISIR transaction to FPS for federal verification. FPS can either approve or reject your edits.
Add
ISIR Activation
 and
ISIR Edit
 as reaction reasons to your financial aid reaction policies so that Workday can update student financial aid each time you edit or activate an ISIR transaction.