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The SAI is a number that estimates the applicant’s ability to pay for college, generated based on the information provided on the FAFSA. Colleges compare an applicant’s SAI with the cost of ...
The FAFSA update is slated to add an additional $1.8 billion in need-based student aid, ... (SAI) is what the FASFA uses to calculate how much a student can afford to pay that academic year ...
The Education Department announced an update to the SAI tables that will allow students to benefit from an additional $1.8 billion in aid. (Credit: Getty Images) (Richard Stephen via Getty Images)
There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]
The FAFSA is a free government application that uses financial information from you and your family to determine whether you can get financial aid from the federal government to pay for college.
The federal financial aid form looks different in the 2024-25 school year. Here's what college students and parents need to know about the new FAFSA.
For those wanting to get a head start, Dawson said to start by creating an FSA ID — their username and password needed to access the FAFSA form on StudentAid.gov and other U.S. Department of ...
What is FAFSA? Financial aid for college comes from federal, state, and institutions of higher education, but most rely on the FAFSA form to determine eligibility.