Under the new legislation, the EFC will essentially be replaced by the Student Aid Index (SAI). The Student Aid Index is a formula for calculating student financial need that is virtually the same as the EFC. The one major distinction is that, while the EFC can only go to zero, the SAI...
Say your EFC is $24,000 (for one year). At a public university that costs $23,000, you have no need, according to the FAFSA formula. But at a private college that costs $71,000, you do have need ($71,000 – $24,000 = $47,000), and y...
while the latter enables us to implement our vision and “make things happen”. In combination, they represent the winning formula that will put us firmly on the road to success.