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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 ...
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] While the minimum EFC was zero, the SAI can be a negative number as low as -1500. [3]
The Student Aid Index (SAI) is what the FASFA uses to calculate how much a student can afford to pay that academic year. However, the Education Department announced that the SAI calculations weren ...
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)
Financial aid for college comes from federal, state, and institutions of higher education, but most rely on the FAFSA form to determine eligibility. ... The ability to have SAI be a negative ...
The FAFSA Simplification Act was a part of the Consolidated Appropriations Act, 2021. Students who are military veterans and active duty service members may apply for financial aid by filing a FAFSA even if they also apply for education and housing benefits offered by the Post-9/11 G.I. Bill and its
The FAFSA Simplification Act makes it easier for you to qualify for financial aid. ... Reducing the number of questions in the FAFSA by two-thirds, going from 108 to just 36, while changing the ...
The new FAFSA form will come out by Dec. 31, but there's one thing students and families can do now to make the process easier.