STUDENT AID INDEX
The Student Aid Index (SAI) is an eligibility index number that a college's or career school's financial aid office uses to determine how much federal student aid the student would receive if the student attended the school. This number results from the information that the student provides in their FAFSA® form.
The Expected Family Contribution (EFC) is a measure to determine a student’s eligibility for institutional aid.
There are two types of calculations that Villanova uses to determine a student's aid eligibility: Federal Methodology and Institutional Methodology.
The Federal Methodology (FM) is the formula used by the federal government in calculating a student’s Student Aid Index (SAI) which determines their eligibility for federal and state financial aid. The SAI is calculated by completing the FAFSA according to a formula established by law.
Factors in Determining the SAI
- Taxable Income
- Untaxed Income
- Assets
- Value of business and/or farm
- Family Size
The Institutional Methodology (IM) is the formula used by an institution, in this case Villanova, in calculating a student's Expected Family Contribution (EFC) which determines their eligibility for institutional need-based aid eligibility. The IM EFC is calculated by completing the Profile and verified by submitting the requested tax documents.
Factors in Determining the IM EFC:
- Taxable Income
- Untaxed Income
- Assets
- Household Size
- Number in College
- Value of business and/or farm
- Home Equity
- Noncustodial Parent's Income and Assets
Example of items that are Not Considered in Determining the IM EFC:
- Siblings aged 24 or older
- Siblings or parents enrolled in graduate school, a second baccalaureate degree, a community college, a non-title IV eligible school, a certificate program, and/or enrolled less than full-time
- Consumer Debt