SAI is the number calculated, with information from the FAFSA, to determine a student's eligibility for college financial aid.
The FAFSA is used by the US Department of Education to calculate yourExpected Family Contribution, or EFC, for college.Your EFC is a dollar amount that reflects how much you can afford to pay for college for the following academic year. The lower your EFC, the more aid you're eligible to...
Financial aid refers tomoney that helps you pay for collegeor a career school. It can come in the form of grants, scholarships, work-study programs, and loans. The FAFSA is a form you need to fill out to get any federal financial aid.5Many states and colleges use the FAFSA to determin...
Find out when the FAFSA is due, how to submit the application, and what to do if you miss the deadline. Jessica Ancajas Financial Aid Analyst Preparing to head off to college is exciting––how much it costs is not. The latest data shows that the average cost of attending a 4-year ...
But it was phased out starting with the 2024-2025 academic year as part of the FAFSA Simplification Act. Its replacement, the Student Aid Index, is still determined based on information from the FAFSA form. How to fill out the FAFSA
The federal government's deadline for submitting the FAFSA is June 30. However, there are advantages to submitting well in advance. It helps to submit the FAFSA early because schools and states get limited federal funding, which they award on a first-come, first-serve basis. If you submit ...
The FAFSA looks like a pain. Is it worth my time? Without a doubt. Any student or family with a member headed for higher education should fill out the FAFSA. Not sure you’ll need financial aid? You should fill it out anyway. Don’t think you’ll qualify? Do it, regardless. ...
Your FAFSA® Submission Summary details your estimated federal financial aid eligibility. Continue reading to see what’s included in your summary.
When and Where to Fill Out FAFSA To receive your financial aid reward, the FAFSA must be filled out before the academic year begins. The federal deadline for filling out FAFSA is June 30. Although the FAFSA deadline is in June, state deadlines vary. So you'll need to check with your ...
In the United States, the Free Application for Federal Student Aid (FAFSA) is the starting point for receiving student financial aid. According to the U.S. Department of Education, students need to “use it to apply for federal student financial aid, such as the Pell Grant, student loans,...