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ANALYZE: A Student Aid Report (SAR) Once you complete the Free Application for Federal Student Aid (FAFSA), you will receive a Student Aid Report (SAR). This report will provide you with some very important information about: ● your financial aid eligibility, ● how much colleges assume your family will need to pay, and ● what types of other aid you may be eligible for. In this activity, you will analyze a Student Aid Report to become familiar with the information it contains and why that information is important in the college application process. Part I: Read a Sample Student Aid Report First, read this helpful guide to understanding your SAR. Then, review this sample STUDENT AID REPORT.

Part II: Analyze the Student Aid Report Answer the questions below based on what you learned from the article and the information you found in the sample Student Aid Report. PLEASE NOTE: Since this is a sample SAR, you may not find the information on the exact page referenced in the article.

1. What is Anna’s EFC (Expected Family Contribution)? What does this number mean?

Her EFC is 72562. Her Expected Family Contribution

2. What is Anna’s DRN? What is the purpose of this number?

Anna's DRN is 4,557. DRN four-digit number assigned to your Free Application for Federal Student Aid.

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Last updated: 10/29/20

3. Has Anna’s FAFSA been selected for verification? In your own words, describe what the process of verification is. is the process your school uses to confirm that the data reported on your FAFSA form is accurate. If you're selected for verification, your school will request additional documentation that supports the information you reported. Don't assume you're being accused of doing anything wrong.

4. Is Anna eligible to receive a Pell Grant? What is the maximum Pell Grant award for the current year? (Click here to see what the current limit is on a Pell Grant.) Anna is not eligible. The maximum Pell Grant award for the current year is $6,195.

4. How much gross income did each of the following earn in 2018? a. Anna $2400 b. Parent #1 $76,000

c. Parent #2 $21,000 5. On Anna’s SAR, the “Your Financial Aid History Information” section is blank or N/A. Why? Because she doesn't have any outstanding debts

6. Why is it important to review all pages of this document carefully? What should Anna do if she finds an error? If you do not check the document carefully, you will miss some significant Information. If you find an answer correct it accordingly and re-read it to make sure it's correct.

7. Why do you think the graduation and retention rates for Anna’s selected colleges are displayed at the bottom of the SAR? How might that information impact Anna’s college selection process? The graduation rate gives students insight into how many students are finishing their degrees in a timely manner once they enroll. It not only is a transparent metric that holds a school accountable, but it also can help a student measure the quality of the school.

www.ngpf.org

Last updated: 10/29/20

www.ngpf.org

Last updated: 10/29/20...