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Colleges compare an applicant’s SAI with the cost of enrolling in the institution to help come up with a financial aid award offered to a student. With the new FAFSA, the calculation for the SAI ...
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)
The Free Application for Federal Student Aid, or FAFSA, form is the main gateway for students and their families to qualify for financial aid through the federal government.
The 2025-26 Free Application for Federal Student Aid, or (FAFSA) ... the 2025–26 FAFSA form is now available to all students and families,” said U.S. Secretary of Education Miguel Cardona in a ...
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 new need analysis formula removes the number of family members in college from the calculation. ... % graduate students complete the FAFSA form. ... example, the 2024-25 FAFSA is based on 2022 ...
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. ... Filing the Free Application for Federal Student Aid, or FAFSA ...
The cost of one year at an in-state, four-year college keeps rising each year — surpassing $20,000 during the 2016-2017 school year.