FAFSA Student Aid Index and EFC 2

Question 1

Under the FAFSA Simplification Act, how does having multiple children in college affect the SAI?

Accepted Answer

Each sibling gets their own separate SAI

Answer

SAI is divided equally among siblings

Answer

SAI is doubled for each sibling

Answer

SAI is unaffected by siblings

Question 2

What prior-prior year income does the 2025-26 FAFSA use?

Accepted Answer

2023 income

Answer

2022 income

Answer

2024 income

Answer

2025 income

Question 3

Which asset type is NOT reported on the FAFSA for parents?

Accepted Answer

Primary home equity

Answer

Savings accounts

Answer

529 college savings plans

Answer

Investment accounts

Question 4

Small business assets are excluded from FAFSA if the business has fewer than how many full-time employees?

Accepted Answer

50

Answer

10

Answer

25

Answer

100

Question 5

How are retirement accounts treated in the SAI calculation?

Accepted Answer

Not counted as assets

Answer

Fully counted as assets

Answer

Counted at 50% value

Answer

Only counted if over $50,000

Question 6

What percentage of student assets is assessed in the SAI formula?

Accepted Answer

20%

Answer

5.64%

Answer

12%

Answer

25%