1. EachPod

SAI Replaced the EFC and What You Need to Know

Author
Chuck Moore, CCFC, Al Hoffman, CCA and Gary Carpenter, CPA, CCA
Published
Sun 10 Nov 2024
Episode Link
https://rss.com/podcasts/fafsap4c/1745257

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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