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SAI Replaced the EFC and What You Need to Know
The term "Expected Family Contribution" (EFC) is being replaced with "Student Aid Index" (SAI). This change reflects a shift in focus from what families are expected to contribute to the aid available for students. The SAI calculation takes into account a wider range of factors, which may provide a more accurate picture of a family's financial situation. This includes additional data from the Free Application for Federal Student Aid (FAFSA). Understanding these changes can help families navigate the financial aid process more effectively.
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By Chuck Moore, CCFC, Al Hoffman, CCA and Gary Carpenter, CPA, CCAThe term "Expected Family Contribution" (EFC) is being replaced with "Student Aid Index" (SAI). This change reflects a shift in focus from what families are expected to contribute to the aid available for students. The SAI calculation takes into account a wider range of factors, which may provide a more accurate picture of a family's financial situation. This includes additional data from the Free Application for Federal Student Aid (FAFSA). Understanding these changes can help families navigate the financial aid process more effectively.