ANALYZE: A FAFSA Submission Summary

What is John’s SAI (Student Aid Index)?

What is the purpose of the Student Aid Index (SAI)?

• To determine financial aid eligibility

• To calculate tuition fees

• To assess academic performance

• To provide student loans

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Remembering

Colleges use your Student Aid Index (SAI) to determine how much ______ aid you could receive if you attended their school.

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Understanding

What is a DRN?

• A four-digit data number used to allow

  colleges to make changes on your behalf or to

  make corrections by phone

• When your school contacts you to check

  that the data reported on your FAFSA is

  correct, including asking for supporting

  income and documentation

• The number that a college uses to determine

  how much federal student aid the student

  would receive if the student attended the

  school

What is John’s DRN?

Your SAI may change due to verification or if you update or correct your ______ information.

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Applying

Which of the following is NOT a type of financial aid mentioned in the document?

• Scholarships

• Grants

• Work-study

• Low-interest loans

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Remembering

The IRS offers tax benefits to help you maximize your college savings or recover some of the money you spend on ______ or loan interest.

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Understanding

What should you do if your FAFSA has been selected for verification?

• Provide documentation to your school

• Ignore the request

• Submit a new FAFSA

• Contact the IRS

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Applying

Your financial aid package could include other federal, state, or ______ aid.

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Understanding