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FAFSA 2024-25's SAI is based on what you made in total back in 2022 tax year, not based on what you make now. If you made more than $37,373 in 2022, that may be the reason for high SAI.
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).
My SAI score was 21000. Still trying to figure out what it means. Filling out the application, the net worth section, checking account, savings...honestly they weren't high numbers because investments are in retirement accounts (and they aren't exactly super high either), we don't have real-estate, savings is barely 2 months emergency fund, 529 ...
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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.
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.
13 Δεκ 2022 · For the financial aid award year 2024-25, FAFSA (Free Application for Federal Student Aid) is making several changes to determine a dependent student’s aid eligibility, starting with the calculation of a family’s ability to pay for college.
