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Administrator Guide
Last Updated: 2023-06-23
Steps: Set Up and Calculate Cost of Attendance

Steps: Set Up and Calculate Cost of Attendance

Cost of attendance (COA) is an estimate of a student’s educational expenses for 1 or more academic periods in the same financial aid award year. It represents the sum of the cost items assigned to a student.
Workday takes a student's COA into account when it estimates their financial aid award package for:
  • Need-based awards.
  • Merit-based awards that require COA.
Unlike student charges, which represent a student's actual institutional expenses, Workday doesn't post costs to student accounts.
Workday references a student's financial aid attendance plan when it calculates their COA. If a student doesn't have a financial aid attendance plan when you calculate COA, it creates one.
  5. (Optional) When you configure the
    Student Groupings
     or
    Custom Object Change
     reaction reasons on your cost of attendance reaction policies, access the
    Maintain Financial Aid Reaction Policy
     task.
    Select the student groupings or custom objects for which you want to trigger a reaction.
    Security:
    Manage: Cost of Attendance
     domain in the Financial Aid functional area.