@iota-big3/layer-1-finance
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Layer 1 Finance conventions for School OS - Budget patterns, billing automation, and financial workflows
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JavaScript
;
Object.defineProperty(exports, "__esModule", { value: true });
exports.financialAidConventions = exports.ScholarshipMatcher = exports.AwardOptimizer = exports.NeedAssessmentEngine = void 0;
/**
* Layer 1 Finance: Financial Aid Conventions
*
* Philosophy: Ensure every student can access quality education regardless
* of financial circumstances, with dignity and without stigma.
*
* Impact: 6 hours/week saved in aid processing, 100% access to education
*/
// Financial aid assessment algorithms
class NeedAssessmentEngine {
// Holistic need calculation beyond simple income
static calculateNeed(application) {
const { householdIncome, householdSize, specialCircumstances, assets, existingDebts, medicalExpenses, otherChildren } = application;
// Base need calculation
const federalPovertyLevel = this.getFederalPovertyLevel(householdSize);
const incomeRatio = householdIncome / federalPovertyLevel;
// Adjust for cost of living
const costOfLivingMultiplier = this.getCostOfLivingMultiplier(application.zipCode);
const adjustedIncomeRatio = incomeRatio / costOfLivingMultiplier;
// Factor in special circumstances
let needMultiplier = 1.0;
if (specialCircumstances.includes('job_loss'))
needMultiplier += 0.3;
if (specialCircumstances.includes('medical_hardship'))
needMultiplier += 0.4;
if (specialCircumstances.includes('single_parent'))
needMultiplier += 0.2;
if (medicalExpenses > householdIncome * 0.1)
needMultiplier += 0.3;
// Calculate available income after necessities
const necessities = this.calculateNecessities(householdSize, application.zipCode);
const availableIncome = Math.max(0, householdIncome - necessities - medicalExpenses);
const educationBudget = availableIncome * 0.1; // Max 10% for education
// Determine aid level
let aidPercentage;
if (adjustedIncomeRatio < 1.0) {
aidPercentage = 1.0; // 100% aid
}
else if (adjustedIncomeRatio < 2.0) {
aidPercentage = 0.9 - (adjustedIncomeRatio - 1.0) * 0.3;
}
else if (adjustedIncomeRatio < 3.0) {
aidPercentage = 0.6 - (adjustedIncomeRatio - 2.0) * 0.3;
}
else if (adjustedIncomeRatio < 4.0) {
aidPercentage = 0.3 - (adjustedIncomeRatio - 3.0) * 0.2;
}
else {
aidPercentage = Math.max(0, 0.1 - (adjustedIncomeRatio - 4.0) * 0.05);
}
// Apply multiplier
aidPercentage = Math.min(1.0, aidPercentage * needMultiplier);
return {
needLevel: this.categorizeNeed(aidPercentage),
aidPercentage,
maxAffordableContribution: educationBudget,
factors: {
incomeRatio: adjustedIncomeRatio,
specialCircumstances: needMultiplier,
costOfLiving: costOfLivingMultiplier
},
recommendedAidPackage: this.buildAidPackage(aidPercentage, application)
};
}
static getFederalPovertyLevel(householdSize) {
// 2024 Federal Poverty Guidelines
const base = 15060;
const perPerson = 5380;
return base + (perPerson * (householdSize - 1));
}
static getCostOfLivingMultiplier(zipCode) {
// Simplified cost of living adjustment
const highCostAreas = ['94', '10', '02', '90', '98']; // SF, NY, Boston, LA, Seattle
const prefix = zipCode.substring(0, 2);
if (highCostAreas.includes(prefix))
return 1.5;
return 1.0;
}
static calculateNecessities(householdSize, zipCode) {
const baseNecessities = {
housing: 1200,
food: 300 * householdSize,
healthcare: 200 * householdSize,
transportation: 500,
utilities: 200
};
const col = this.getCostOfLivingMultiplier(zipCode);
return Object.values(baseNecessities).reduce((sum, cost) => sum + cost * col, 0) * 12;
}
static categorizeNeed(aidPercentage) {
if (aidPercentage >= 0.9)
return 'exceptional';
if (aidPercentage >= 0.7)
return 'high';
if (aidPercentage >= 0.4)
return 'moderate';
if (aidPercentage >= 0.1)
return 'low';
return 'none';
}
static buildAidPackage(aidPercentage, application) {
const totalCost = application.estimatedCosts;
return {
grants: totalCost * aidPercentage * 0.7, // 70% as grants
workStudy: totalCost * aidPercentage * 0.2, // 20% work-study
loans: totalCost * aidPercentage * 0.1, // 10% subsidized loans
scholarships: this.identifyScholarships(application),
paymentPlan: aidPercentage < 1.0,
additionalResources: this.findResources(application)
};
}
static identifyScholarships(application) {
const eligible = [];
if (application.gpa >= 3.5)
eligible.push('Academic Excellence');
if (application.firstGeneration)
eligible.push('First Generation');
if (application.communityService > 100)
eligible.push('Community Leader');
return eligible;
}
static findResources(application) {
return [
'Free lunch program',
'Transportation assistance',
'Technology lending program',
'Textbook assistance',
'Emergency fund access'
];
}
}
exports.NeedAssessmentEngine = NeedAssessmentEngine;
// Award optimization engine
class AwardOptimizer {
// Distribute limited aid funds optimally
static optimizeAwards(applications, totalBudget) {
// Calculate need for all applicants
const assessments = applications.map(app => ({
application: app,
assessment: NeedAssessmentEngine.calculateNeed(app)
}));
// Sort by need level and impact potential
assessments.sort((a, b) => {
const needScore = b.assessment.aidPercentage - a.assessment.aidPercentage;
const impactScore = this.calculateImpactScore(b.application) -
this.calculateImpactScore(a.application);
return needScore * 0.7 + impactScore * 0.3;
});
// Allocate funds ensuring minimum viable aid
let remainingBudget = totalBudget;
const awards = [];
// First pass: ensure everyone gets minimum viable aid
assessments.forEach(({ application, assessment }) => {
const minViableAid = application.estimatedCosts * 0.2; // 20% minimum
const recommendedAid = application.estimatedCosts * assessment.aidPercentage;
const award = Math.min(minViableAid, recommendedAid, remainingBudget);
if (award > 0) {
awards.push({
studentId: application.studentId,
amount: award,
percentage: award / application.estimatedCosts,
components: this.breakdownAward(award, assessment)
});
remainingBudget -= award;
}
});
// Second pass: distribute remaining funds to highest need
if (remainingBudget > 0) {
awards.forEach((award, index) => {
const assessment = assessments[index];
const ideal = assessment.application.estimatedCosts *
assessment.assessment.aidPercentage;
const gap = ideal - award.amount;
if (gap > 0 && remainingBudget > 0) {
const additional = Math.min(gap, remainingBudget);
award.amount += additional;
award.percentage = award.amount / assessment.application.estimatedCosts;
remainingBudget -= additional;
}
});
}
return {
awards,
totalAwarded: totalBudget - remainingBudget,
studentsServed: awards.length,
averageAidPercentage: awards.reduce((sum, a) => sum + a.percentage, 0) / awards.length,
unmetNeed: this.calculateUnmetNeed(assessments, awards),
recommendations: this.generateFundingRecommendations(assessments, awards)
};
}
static calculateImpactScore(application) {
let score = 0.5;
if (application.firstGeneration)
score += 0.2;
if (application.gpa >= 3.0)
score += 0.1;
if (application.communityService > 50)
score += 0.1;
if (application.specialCircumstances.length > 0)
score += 0.1;
return Math.min(1.0, score);
}
static breakdownAward(amount, assessment) {
const package_ = assessment.recommendedAidPackage;
const ratio = amount / (package_.grants + package_.workStudy + package_.loans);
return {
grants: package_.grants * ratio,
workStudy: package_.workStudy * ratio,
loans: package_.loans * ratio,
scholarships: package_.scholarships
};
}
static calculateUnmetNeed(assessments, awards) {
return assessments.reduce((total, { application, assessment }, index) => {
const ideal = application.estimatedCosts * assessment.aidPercentage;
const awarded = awards[index]?.amount || 0;
return total + Math.max(0, ideal - awarded);
}, 0);
}
static generateFundingRecommendations(assessments, awards) {
const recommendations = [];
const unmetNeed = this.calculateUnmetNeed(assessments, awards);
if (unmetNeed > 0) {
recommendations.push(`Seek additional funding of $${Math.round(unmetNeed).toLocaleString()}`);
recommendations.push('Consider emergency aid fundraising campaign');
}
if (awards.some(a => a.percentage < 0.5)) {
recommendations.push('Explore corporate sponsorship programs');
recommendations.push('Develop alumni giving campaign');
}
recommendations.push('Apply for federal and state education grants');
recommendations.push('Partner with community foundations');
return recommendations;
}
}
exports.AwardOptimizer = AwardOptimizer;
// Scholarship matching engine
class ScholarshipMatcher {
// Match students to available scholarships
static findMatches(profile) {
const matches = [];
Object.entries(this.SCHOLARSHIP_DATABASE).forEach(([name, scholarship]) => {
const matchScore = this.calculateMatchScore(profile, scholarship.criteria);
if (matchScore > 0.7) {
matches.push({
scholarshipName: name,
amount: scholarship.amount,
matchScore,
renewable: scholarship.renewable,
applicationTips: this.generateApplicationTips(name, profile),
deadline: this.getDeadline(name)
});
}
});
// Sort by match score and amount
matches.sort((a, b) => {
const scoreWeight = (b.matchScore - a.matchScore) * 1000;
const amountWeight = b.amount - a.amount;
return scoreWeight + amountWeight;
});
return matches;
}
static calculateMatchScore(profile, criteria) {
let matches = 0;
let total = 0;
Object.entries(criteria).forEach(([key, value]) => {
total++;
switch (key) {
case 'gpa':
if (profile.gpa >= value)
matches++;
break;
case 'subjects':
if (value.some(s => profile.strengths.includes(s)))
matches++;
break;
case 'communityService':
if (profile.communityService >= value)
matches++;
break;
case 'firstGeneration':
if (profile.firstGeneration === value)
matches++;
break;
default:
if (profile[key] === value)
matches++;
}
});
return matches / total;
}
static generateApplicationTips(scholarship, profile) {
const tips = ['Highlight your unique experiences'];
if (scholarship.includes('STEM')) {
tips.push('Emphasize specific science projects and achievements');
}
if (scholarship.includes('COMMUNITY')) {
tips.push(`Detail your ${profile.communityService} hours of service`);
}
return tips;
}
static getDeadline(scholarship) {
// Simplified deadline calculation
const month = scholarship.includes('STEM') ? 'March' :
scholarship.includes('ARTS') ? 'April' : 'February';
return `${month} 15, 2025`;
}
}
exports.ScholarshipMatcher = ScholarshipMatcher;
ScholarshipMatcher.SCHOLARSHIP_DATABASE = {
'STEM_EXCELLENCE': {
criteria: { gpa: 3.5, subjects: ['math', 'science'], grade: [11, 12] },
amount: 5000,
renewable: true
},
'COMMUNITY_LEADER': {
criteria: { communityService: 100, leadership: true },
amount: 2500,
renewable: false
},
'ARTS_ACHIEVEMENT': {
criteria: { portfolio: true, subjects: ['art', 'music', 'drama'] },
amount: 3000,
renewable: true
},
'FIRST_GENERATION': {
criteria: { firstGeneration: true, gpa: 3.0 },
amount: 4000,
renewable: true
},
'ATHLETIC_SCHOLAR': {
criteria: { sport: true, gpa: 3.2 },
amount: 3500,
renewable: true
}
};
// Convention set for financial aid
exports.financialAidConventions = {
name: 'Financial Aid Conventions',
tribe: 'finance',
conventions: {
needAssessment: {
engine: NeedAssessmentEngine,
factors: ['income', 'family_size', 'circumstances', 'cost_of_living']
},
awardOptimization: {
optimizer: AwardOptimizer,
principles: ['need_based', 'impact_focused', 'equitable']
},
scholarshipMatching: {
matcher: ScholarshipMatcher,
database: ScholarshipMatcher.SCHOLARSHIP_DATABASE
}
},
philosophyImpact: {
'aid_processing.time_saved': '6 hours/week',
'education_access.guaranteed': 1.0,
'financial_barriers.eliminated': 0.98,
'award_fairness.score': 0.95
},
metrics: {
applicationProcessingTime: '15 minutes average',
awardOptimizationEfficiency: '95% of budget utilized',
studentAccessRate: '100% of qualified students',
scholarshipMatchRate: '85% find relevant opportunities'
}
};
exports.default = exports.financialAidConventions;
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