Acronyms
An index of eligibility for federal aid, previously called the EFC.
What is the SAI (Student Aid Index)?
If it's negative, we treat it as 0 in our need calculation.
What is the SAI?
No longer used in SAI calculation, but WE use it to determine Need Rank.
What is number in college?
Term for people required to provide info on FAFSA.
What is a contributor?
The new acronym for the SAR (Student Aid Report).
What is the FSS (FAFSA Submission Summary)?
More students will now be eligible for this grant.
What is the Federal Pell Grant?
The ONLY type of aid we can offer based on # in college.
What is Wabash aid?
Contributor's name, DoB, SSN & email address.
What is info required to invite contributor to complete FAFSA?
Each contributor must provide this, or student can't have aid.
What is consent?
This acronym is not quite the same as the DRT (Data Retrieval Tool)
What is the FA-DDX (FUTURE Act Direct Data Exchange)?
No longer used in the federal calculation, but still asked on FAFSA.
What is number in college?
# in college we'll consider, no questions asked.
What is 2?
New term for household size, no longer based on who student lived with.
What is family size?
Who are those without SSNs?
Highly protected, this info from the IRS isn't even displayed to the student.
What is FTI (Federal Tax Information)?
Previously treated as untaxed income, but now considered an asset.
What is child support received?
We'll verify if this many are reported on the FAFSA as attending college.
What is 3 or more?
Tie-breaker when each parent provided 50% of student's financial support.
Which is the parent with the greater income/assets?
What is married filing jointly?
An acronym for the Fostering Undergraduate Talent by Unlocking Resources for Education Act
What is the FUTURE Act?
Term for dependent student who can't provide parent info due to unusual circumstances.
What is "provisional independent" status?
Biological/adoptive family members, and "dependent" undergrads.
What is who we will consider for IM?
It's self-reported, so we're not required to verify it.
What is the parent who gets reported on the FAFSA?
FAFSA disappears after ___ days of contributor inactivity.
What is 45?