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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 ]
Revised Need Analysis Formula: The methodology for calculated need was changed from the Expected Family Contribution (EFC) to the Student Aid Index (SAI). The SAI removes the number of family members in college from the calculation and has a minimum value of -1500 as compared to zero for the EFC.
In the college financial aid process in the United States, a student's "need" is a figure that colleges use when calculating how much financial aid to offer a student. It is determined by taking the college's Cost of Attendance, which current rules require each college to specify. Then it is subtracted the student's Expected Family Contribution ...
SOURCE: Integrated Postsecondary Education Data System, University of Arkansas (2014, 2013, 2012, 2011, 2010).Read our methodology here.. HuffPost and The Chronicle examined 201 public D-I schools from 2010-2014.
Black bachelor’s degree holders have an average of $52,000 in student debt. Eighty-six percent of Black students take out student loans to pay for college, compared to 68 percent of white students.
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid ...
The better students and parents understand high school grades and standardized tests, the better they can position themselves for academic success.
Research from EducationData.org shows that almost 44 million Americans hold an average federal student loan debt balance of $37,717. Combined, student loan debt in the U.S. adds up to $1.744 trillion.