New FAFSA Information

Student Aid Index (SAI)

The SAI is replacing the Expected Family Contribution (EFC) formula. This is a new need-analysis formula that financial aid staff will use when awarding need-based grants and scholarships. This formula change links award eligibility to family size and the federal poverty level, and will mean Pell grants will be offered to more students.

Create Your Federal Student Aid (FSA) ID

If you haven’t done so already, create an FSA ID, which is your account username and password. The FSA ID is a digital legal signature that lets you complete and update the FAFSA form, so create your own and keep it safe. Parents of dependent students will need to use their own FSA ID to complete the FAFSA process.

We recommend creating your account early - even before you’re ready to complete the FAFSA form. This extra step can avoid delays in the process, especially since it can take up to three days before you can use your FSA ID.

Create your FSA ID

Contributors

A contributor is anyone who is required to provide information in support of a student’s financial aid application. A contributor is a parent, guardian or student spouse. Each contributor will be required to have their own FSA ID and will need to consent to their information being included on the student’s FAFSA.

More Information on Parent Contributors

IRS Direct Data Exchange

Instead of entering their financial information manually, all contributors on a student’s FAFSA application must consent for IRS Direct Data Exchange, allowing their data to be transferred directly to the FAFSA. There is no opt-out for this requirement. If a contributor does not consent, the student will be ineligible for federal aid.

Learn More

For more information about these FAFSA changes, see7 Key Changes Coming to the 2024–25 FAFSA® Experience.

Questions? Contact Us!