Analyzing Your Student Aid Report
Once you file your FAFSA, you’ll soon receive your Student Aid Report (SAR). In your SAR, you will find summarized data outlining your Expected Family Contribution (EFC) towards your total cost of education. Read on for tips on what to expect from your SAR and what steps you should take once you receive it.
What to Do Once You Receive Your Student Aid Report:
- Review it Carefully -- Since the EFC listed on your SAR will determine the amount of financial aid you will receive, make sure you check it carefully for mistakes and compare it to your FAFSA.
- If you Find Mistakes -- Immediately contact your financial aid office to see if the school can send the corrections electronically or mail the form to the address designated on the SAR.
- Selected for Verification - If your SAR has been selected for verification, page one will have a message that says, "you will be asked by your school(s) to provide copies of certain financial documents." In other words, you will be expected to provide supporting documentation for the information on your FAFSA.
- Review Your Choice Schools' Cost - Since you now know what kind of aid you can expect to get, review your top schools and determine which of these schools fit into your budget and what, if any, extra steps you'll have to make to raise money.
Good luck!
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