New FAFSA expands eligibility and ease of use
The 2024-25 Free Application for Federal Student Aid has undergone some major changes. Most of these changes are extensive and could have an effect on students applying for financial aid. To start with, students and their families will now see their financial aid eligibility measured in a different way; the previous measure, the Expected Family Contribution (EFC), will now be replaced by the Student Aid Index (SAI). The SAI is a new analysis formula that uses different factors to determine eligibility. The factors include: removing the number of family members attending college from the calculation; allowing for a negative SAI…