How Federal Student Financial Aid is Determined
When you submit the Free Application for Federal Student Aid (FAFSA), your information is reviewed based on federal, state, and institutional guidelines to assess your eligibility for financial aid.
Student Aid Index (SAI)
The Student Aid Index (SAI) is calculated using a formula established by the U.S. Congress. This number helps determine Pell Grant eligibility (for undergraduate students) and plays a key role in assessing your financial need for other types of aid.
Determining Financial Need
Your financial need is determined using the following equation:
|
Cost of Attendance (COA) |
Total estimated expenses for tuition, fees, housing & food, books, and other costs |
|
− Student Aid Index (SAI) |
A calculated number based on FAFSA data that reflects your ability to pay |
|
− Other Financial Resources |
External scholarships, grants, or employer tuition assistance |
|
= Your Financial Need |
The amount of need-based aid you may be eligible to receive |
This calculation helps colleges and universities determine the types and amounts of financial aid you may receive, including grants, scholarships, work-study, and loans.