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Student Aid Index Fact Sheet.pdf

bfbf-sai.pdf
Preview of Student Aid Index Fact Sheet
🔗 Source: financialaidtoolkit.ed.gov
📊 Size: 155 KB
👤 Author: U.S. Department of Education’s Federal Student Aid
⬇️ Downloads: 36

Summary

The FAFSA Simplification Act replaces the Expected Family Contribution (EFC) with the Student Aid Index (SAI) for the 2024-25 Award Year, changing how federal student aid is awarded. The SAI removes family members in college from the calculation and allows a minimum SAI of negative $1,500. The act expands access to federal aid, including the Federal Pell Grant, which will be determined in three steps: Maximum Pell Grant, SAI, and Minimum Pell Grant. Applicants will still provide income, asset, and family information on the FAFSA, and the need analysis formula will remain largely the same.

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Description

The FAFSA Simplification Act replaces the Expected Family Contribution (EFC) with the Student Aid Index (SAI) for the 2024-25 Award Year, changing how federal...

Technical Information

  • File Format: PDF
  • File Size: 155 KB
  • Pages: 3
  • Language: EN
  • Author: U.S. Department of Education’s Federal Student Aid
  • Total Downloads: 36
  • Last Updated: 1 week ago

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