Consolidated Appropriations Act: Need determinations using the SAI
I wanted to provide an update on the topic of calculating need in packaging using the new Student Aid Index (SAI) value.
The attached document outlines our approach with specific examples to be reviewed that will help you understand what will be developed as a part of changes resulting from the Consolidated Appropriations Act.
In the document you will find the following:
- An Outline of the DoE regulations on SAI (as of 8/22/23) (Slides 3/4)
- An overview of the current need calculation options available in SFP (Slides 6/7)
- The Summer need calculation approach for SAI using the recently delivered Enhanced Calculation for Summer (EFC) Need feature (Slides 9/10)