What Is the Student Aid Index? More Getty Images The first step prospective and current college students can take toward receiving financial aid is filling out the Free Application for Federal Student Aid, known as the FAFSA. But due to the bipartisan FAFSA Simplif...
The Student Aid Index (SAI) is a number calculated from the student’s and parents’ (if applicable) income, assets, tax information, and family details submitted on the FAFSA. It’s used to determine the need for federal student aid. While there are adjustments for family size, the big ...
The Student Aid Index (SAI) is used to help determine how much federal student aid a student may be eligible to receive. Continue reading to learn more.
What is SAI?The Student Aid Index (SAI) is a replacement for Expected Family Contribution (EFC) and is a calculation of the amount of need-based financial aid a student is eligible to receive.What is EFC?Expected Family Contribution (EFC) was an assessment of a student’s family’s ...
Hylland says it does play a role, but the impact is less severe if the 529 plan is owned by the parents with the student listed as the beneficiary (instead of the student being listed as the account owner account). For the purposes of calculating the Student Aid Index (SAI), colleges ...
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Under the current rules, the window is 120 days. This part of the proposed rule change could benefit student loan borrowers who skip or withdraw from a semester. Keep in mind that these are proposed changes, and that none of what you read here has been imp...
significant changes were made to an important number in the needs-analysis section of the form—the Expected Family Contribution (EFC)—which was recalculated and renamed as Student Aid Index (SAI).3The name change clarifies that the SAI figure is an eligibility index for student aid—not a d...
The Student Aid Index (SAI) is based on the student's and family's income and assets, such as bank and investment accounts. Cost of attendance (COA) includes the school's tuition and fees, as well as room and board, books, and other expenses. Most schools publish their cost of attenda...
The FAFSA asks questions about the student's and parent's income, investments, and other relevant matters, such as whether the family has other children in college. Using that information, the FAFSA determines yourStudent Aid Index (SAI). That figure is used to calculate how much assistance yo...