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SAI (Student Aid Index) is in replacement of the former EFC (Expected Familt Contribution) as of this new update to FAFSA, and was created to minimize the shock that many parents were feeling when given the total they would have to pay (or something like that, idk! Pretty much the same as EFC).
The SAI is actually a really simple number, based on the docs in most cases you will take the Maximum Pell Grant Amount (for some reason I can't find the specific number yet, but the guide I'm using uses $7,000 as an example) and subtract the SAI from that value.
The way FAFSA explains it is, that your COA (Cost of Attendance) minus your Student Aid Index is equal to the ESTIMATE of how much aid you might receive. So if your COA is $20,000, subtract your SAI from that ($10,000) and what's left is what your estimated "need-based aid" is.
30 Μαΐ 2024 · Students and families ask: What is this new Student Aid Index, or SAI? How will this number affect the amount of college financial aid I receive? And what is a “good” SAI? These are great questions. The long answer involves lots of confusing calculations.
12 Αυγ 2024 · The Student Aid Index (SAI) is a new metric introduced for the 2024-25 FAFSA to evaluate a student’s eligibility for financial aid in the United States. It replaces the older Expected Family Contribution (EFC) and helps colleges determine how much aid a student can receive.
9 Ιουλ 2024 · When you fill out the FAFSA, you'll receive a Student Aid Index (SAI) Number. Here's what it means for your aid and how to send it to colleges: Get matched with vetted scholarships and enter our $10,000 No-Essay Scholarship
28 Μαρ 2021 · Beginning with the 2024-25 award year, a student may qualify for a Pell Grant in one of three ways: The first two paths to Pell Grant eligibility are briefly discussed below. However, most of this chapter is spent discussing how the SAI is calculated.
