FAQ What does SAI mean on FAFSA? SAI stands for Student Aid Index. It replaced Expected Family Contribution (EFC) starting with the 2024-25 award year and it's used by your school to determine the ...

For families who are familiar with the term Expected Family Contribution, or EFC, that is no longer part of the FAFSA form. Now, instead of an EFC number, you’ll receive a Student Aid Index ...

College students and their parents should mark their calendar because July 1, 2023, will be a big day. It’s the day that many new financial aid rules go into effect thanks to a funding bill ...

For example, using the EFC, the parent income protection allowance for a family of four for the 2023-24 academic year is $32,610. For the 2024-25 school year, the same family can exclude $35,870 ...

The EFC typically measured how much your family would be able to pay for college. That number then determined how much financial aid you qualified for.

Some of those changes are now taking effect for this year’s FAFSA, which opened Oct. 1, and which students will want to fill out by June 30, 2023 (or earlier -- check your school’s dates!) for ...

Today 1 in 5 college students is a parent, with the majority being single parents. Changes to FAFSA formulas mean these students will get more financial aid this year.

For the first time in 40 years, students will see a completely revamped Free Application for Federal Student Aid (FAFSA). These changes are part of the FAFSA Simplification Act and should benefit ...