Verifying whether a software package calculating EFC used...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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Reexamination Certificate

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07979331

ABSTRACT:
Verifying whether a software package designed to calculate EFC (Expected Family Contribution) is implemented in compliance with a specification provided by the US Federal Government for a specific year. In one embodiment, a set of sample ISIRs (Institutional Student Information Records) provided by the US Federal Government is received, with each sample ISIR containing the details of a student and a corresponding expected set of EFC values pre-calculated based on the specification for that specific year. The digital processing system then sends the details of the student contained in a sample ISIR to the software package and in response, receives the corresponding values of the EFC calculated by the software package based on the details of the student. The calculated values of the EFC and the expected values of the EFC are then compared to determine if the software package is implemented in compliance with the specification.

REFERENCES:
patent: 2003/0009687 (2003-01-01), Ferchau et al.
patent: 2003/0093346 (2003-05-01), Weber
“U.S. Department of Education, Federal Student Aid”, “FSA Download—Software & Manuals (CPS Test System 2008-2009)”, “http://fsadownload.ed.gov/CPSTestSys0809.htm”, Last modified Date: Mar. 28, 2008, pp. 1-1.
“U.S. Department of Education, Federal Student Aid”, “Funding Education Beyond High School”, Date: Dec. 2006; pp. 1-60.
“U.S. Department of Education, Federal Student Aid”, “2007-2008 FAFSA (Free Application for Federal Student Aid)”, Date: 2007, pp. 1-4.
“U.S. Department of Education, Federal Student Aid”, The EFC (Expected Family Contribution) Formula, 2007-2008, Date: 2007, pp. 1-35.
“U.S. Department of Education, Federal Student Aid”, “Specifications For Software Developers Academic Year 2008-2009 Draft Version 1.0”, Date: Aug. 1, 2007, pp. 1-147.
“U.S. Department of Education, Federal Student Aid”, “The ISIR Guide 2008-2009”, Date: 2008, pp. 1-163.
“U.S. Department of Education, Federal Student Aid”, “User Guide for the CPS Test System 2008-2009”, Date: 2008, pp. 1-20.

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