The Student Aid Index (SAI) is a number used by college financial aid administrators to measure families’ ability to pay for college. It’s part of the process of determining how much need-based financial aid your student is eligible to receive. SAI will be the new name for what was previously known as the Expected Family Contribution (EFC), and it will go into effect on July 1, 2023, along with many other changes to the FAFSA and college financial aid process. Learn more about SAI, how it works, and what’s changing in my quick overview article.
expected family contribution
Big changes are coming to the Free Application for Federal Student Aid (FAFSA) in 2023, and the changes could dramatically affect how much parents and families end up paying for college and how much financial aid their students receive. Learn about what’s changing, including the new Student Aid Index, in my in-depth blog for parents.
In this episode, Vice President of Strategies for College Todd Weaver shares the four fatal flaws that families make when it comes to the college planning process. Be sure you avoid these common pitfalls and set both your child and yourself up for college planning success. Read More…