Not Just Another Hand Calc
Presented by Robert Weinerman
I know and I get it – the FAFSA Processing System (FPS) will deliver ISIRs with the Student Aid Index (SAI) already calculated, and you don’t think you need to do a hand calculation of the SAI. But this session is a little different. We will use the formulas from the SAI Guide to hand calculate an SAI or two, including calculating Pell eligibilities – but our purpose is to see how changes in some of the data elements impact the SAI. Your institutions will be inviting students to submit appeals, and you’ll have more of them to do. A solid understanding of how the data elements in the FAFSA are used in the SAI formula, and how changes to a data element (AGI, income earned from work, parent or student assets, etc.) will change the SAI and student’s aid eligibility, is essential. You’ll learn how to predict whether an adjustment to a FAFSA data element will make enough of a change in the SAI to make a difference in the aid a student might receive.
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