FAFSA Student Aid Index and EFC

Question 1

What does SAI stand for in the context of financial aid?

Accepted Answer

Student Aid Index

Answer

Standard Aid Income

Answer

State Aid Indicator

Answer

Scholarship Award Index

Question 2

Which FAFSA cycle first used the Student Aid Index (SAI) instead of EFC?

Accepted Answer

2024-25

Answer

2022-23

Answer

2023-24

Answer

2025-26

Question 3

A negative SAI value indicates what about a student's financial need?

Accepted Answer

Maximum financial need

Answer

No financial need

Answer

Ineligible for aid

Answer

Only eligible for loans

Question 4

Which formula is used to calculate the SAI for dependent students?

Accepted Answer

Federal Methodology only

Answer

Institutional Methodology only

Answer

Both Federal and Institutional Methodology

Answer

State Methodology

Question 5

What is the primary purpose of the SAI?

Accepted Answer

To estimate the amount a family can contribute toward education costs

Answer

To rank students academically

Answer

To set tuition prices

Answer

To determine scholarship merit awards

Question 6

Which of the following DOES NOT directly affect the SAI calculation?

Accepted Answer

Student GPA

Answer

Parent income

Answer

Family size

Answer

Number of family members in college