|
The Student Aid Report
After completing your Free Application for Federal Student Aid (FAFSA), you
should receive your SAR within 7-10 days if you filed electronically.
Check immediately for:
What is the Student Aid Report?
The Student Aid Report (often referred to as the SAR) is a
summary of the information you entered on the Free Application for Federal
Student Aid (FAFSA). The SAR also notifies you of your Expected Family
Contribution (EFC) and if you are eligible for a Pell Grant.
Why is the SAR important?
Your SAR is the form that tells you how much student aid you are
eligible to receive from the federal government, and how much the government
expects your family to pay.
What happens after I receive my SAR?
Immediately upon receiving your SAR, check for any mistakes or
errors. Correct any errors as soon as possible. Waiting may limit the
amount of aid available.
What if I don’t receive my SAR?
Call 1-800-4-FED-AID (1-800-433-3243) if you do not receive your SAR in 3-4
weeks.
What if I find mistakes on my SAR?
On the Web using your PIN: Go to www.fafsa.ed.gov
and under “FAFSA Follow Up,” click
“Make Corrections to a Processed FAFSA.” You will be able to check off the items
you want to change and make corrections accordingly.
On paper: Flip to the last few pages of the SAR and find
your original FAFSA info. Make necessary changes in the spaces provided. Only
fill in the areas that need to be changed and/or corrected. Once finished, you
must mail it in.
Highlights of each page in your SAR:
1 - Intro: Tracks the aid process for you. If there is an
asterisk next to your EFC, you have been selected for verification.
2 - Confidentiality info: Includes other formal reminders.
3 - EFC, other info: EFC is listed at the top, along with other
information, such as issues affecting your aid eligibility.
4 - Summary of loans: Shows loans you’ve already borrowed,
including amounts still to be disbursed. If you haven’t taken out any loans, the
totals should read zero (0).
5-8 - FAFSA summary: Review the info you provided in your FAFSA.
Make corrections or changes in the spaces provided. You can also make changes
online at: www.fafsa.ed.gov.
SAR Information Acknowledgement: A summary of your FAFSA. If any
information is wrong, financial or otherwise, you can correct it on pages 5
through 8 of the SAR or online.
Expected Family Contribution (EFC):
The EFC is the amount your family will be expected to pay, based
on your situation. It should be on page 1 of your SAR.
How is the EFC calculated?
The U.S. Department of Education uses the Federal Methodology
(FM) to calculate your aid eligibility. The FM takes into account: your family’s
income, the number of family members (in college or not), net value of assets
and your enrollment status, among other factors.
Why is there an asterisk next to my EFC?
It means you have been selected for verification and must
provide documents to the Student Financial Aid Office to verify the information
submitted on the FAFSA. About 1 in 3 are selected. If there is no asterisk, you
have not been selected.
What should I do if I was selected for verification?
Send verifying documents to the Student Financial Aid Office as
soon as they are requested to avoid a delay in the aid process.
|