Completing the FAFSA is one of the first steps that students and families must complete to start their journey to college. Through this application, schools determine how much funding a student is eligible for. This includes federal loans, grants, and work study programs. Last year, the FAFSA underwent some big changes and now, there’s a few more that families should know about before beginning to file their FAFSA.
Here are a few key things you should know to maximize your financial aid opportunities:
Understand Dependency Status:
Your dependency status determines if you need to provide parental information. Most students under 24 are considered dependent, and require their parents’ financial details. If you’re an older student, this may not be the case. High school students are generally considered dependent students.
Student Aid Index (SAI):
The SAI is an index number calculated using the information you and your contributors provide on the FAFSA form. It can range from –1500 to 999999 and replaces the Expected Family Contribution (EFC) starting in the 2024–25 award year. Note that SAI is not a dollar amount but helps schools determine your financial aid eligibility. You can read more about the Student Aid Index here!
A Contributor on the FAFSA:
“Contributor” is a new term on the 2025-26 FAFSA form. It refers to anyone (you, your spouse, your biological or adoptive parent, or your parent’s spouse) who is responsible for potentially helping to pay. They provide their information, consent for federal tax information transfer from the IRS, and signature on your FAFSA form.
Remember, all students should complete the FAFSA, no matter what you think you may or may not get from filing. Aid is given on a first come, first serve basis! Submit your forms accurately and on time to ensure you are eligible for whatever aid you can get!
More about Jodi and College Financial Aid Advisors
Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.