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Administrator Guide
Last Updated: 2024-09-20
Concept: Student Calculations

Concept: Student Calculations

Creating Calculations

Workday delivers calculations that help you estimate eligibility and amounts for federal awards, such as Federal Pell Grants or Federal Direct Loans. You can also create your own calculations. Workday does not certify or guarantee that these calculations meet federal requirements. You should always validate any calculations to ensure they comply with federal requirements.
Workday provides tasks, such as
Create Conditional Calculation
 and
Create Value Comparison Calculation
 for creating calculations specific to your institution. We provide these calculation categories for Workday Student:
  • Admissions
  • Financial Aid
  • Student Financials
  • Student Residency Evaluation
  • Student
You can create calculations for use cases such as:
Product Area
Use Cases
Recommended Category
Admissions
Compute student applicant scores.
Admissions
Financial Aid
  • Compute student costs.
  • Compute student award amounts.
  • Evaluate student eligibility for awards and disbursements.
  • Specify conditions for assigning financial aid requirements.
Financial Aid
Student Data (Student Core)
Evaluate student residency and determine a residency status.
Student Residency Evaluation
Student Financials
  • Compute student charges.
  • Compute student waiver amounts.
  • Evaluate student eligibility for charges and waivers.
Student Financials

Audit Calculations

You can use the
Calculation Audit Exception
 report on the
Absence
 profile group of the
Tenant Analyzer
 to verify calculations against Workday recommendations. You can drill down on the number to view and resolve exceptions.

Workday-Provided Calculations for Financial Aid

Workday provides calculations for:
  • Pell Grant awards.
  • Undergraduate Federal Direct Loan awards.
  • TEACH Grants.
Calculations can be very complex. Workday strongly recommends that you engage Workday Professional Services or a Workday Consulting Partner to help you configure the calculations you need.