Financial aid is available to help you pay for college. The cost of attendance (COA) is an estimate of the total costs to attend 51视频 for one academic year, and includes both direct and indirect costs. The cost of attendance is a factor in determining a student's financial need.
Determining Need for Financial Aid
- Student Aid Index (SAI) is听numerical figure that determines a student's eligibility for financial aid. The SAI is calculated by the Department of Education using the financial information from the Free Application for Federal Student Aid (FAFSA).
- Demonstrated Financial Need is calculated by subtracting the SAI from the COA. A negative SAI is treated as zero when calculating demonstrated financial need.
- Example: COA - SAI = Demonstrated Financial Need (Need)
No SAI Determined
In some cases, the Department of Education could not determine a Student Aid Index (SAI) when completing the FAFSA. In these instances, the applicants are required to make corrections to the FAFSA.
For dependent students,听the parent will need to return to听听and follow the directions below so that they can re-enter the family size information in order for the Department of Education to calculate the student's Student Aid Index.
- Parent should log in to the account Dashboard.
- Select impacted FAFSA from the 鈥淢y Activity鈥� section.
- Select the Actions menu and then 鈥淢ake Corrections.鈥�
- On the 鈥淐orrect Your FAFSA庐 Form鈥� page, select 鈥淯pdate Answers to Questions on Your FAFSA庐 Form鈥� and then enter the Financials section.
- Navigate through the Financials section and find the 鈥淔amily Size鈥� page that asks, 鈥淚s the parent鈥檚 family size different from the number of individuals claimed on their tax return?鈥�
- Change the answer to 鈥淵es,鈥� report correct family size, and then sign and submit the correction.
*Independent students who are impacted by this issue must log in themselves to correct the family size in the Student section of the form.