SWASFAA Schedule of Reductions Simulator
Terms of Use
This tool is an educational resource for financial aid professionals — not a system of record. Verify all results against current federal guidance and your institution’s official systems. Use constitutes acceptance of SWASFAA’s posted Terms of Use, including its limitation of liability and indemnification provisions.
SWASFAA Schedule of Reductions Simulator
What’s new in this version
Institutional Settings
Set once for your institution. These are remembered in this browser; everything below is entered per student.
Undergraduate
Graduate
Professional
Student / Evaluation Record
Profile & Global Settings
For this loan period
Full SAI, never prorated
Excluding these Direct Loans
Transfer / Mid-Year Entry
Mid-Year Grade Level Advancement
Enter the annual maximum for the base grade level in Initial Annual Max. The tool calculates the grade-level increase separately and shows it as its own loan row.
Final-Period Proration
Single-Term SOR
Enter the full annual loan limits in Initial Annual Max above. This mode performs Step 1 — the reduction to what one term represents — for you, then applies the cost-of-attendance cap and the enrollment reduction in the order 34 CFR 685.203(m)(1)(i) requires. Do not pre-reduce the annual figure — in particular, if you carried a cost-of-attendance-capped amount over from another mode, replace it with the full annual limit here. Term COA is entered below and is applied as its own step.
Term Enrollment Data
Term-by-Term Matrix
Calculation Summary
Credit Sensitivity
SIS / COD Audit Trail
Standardized documentation detailing all calculation steps and applied regulatory limits.
