This guidance is specific to the 2024-25 award year and later.
No. According to U.S. Department of Education's (ED's) FAFSA Simplification Questions and Answers, OFA-Q2/A2: "As with calculations currently using an EFC, SAIs are not factored into non-need-based calculations. Eligibility for non-need-based aid (e.g., TEACH Grants or Direct Unsubsidized Loans) will use the following formula: COA – OFA = eligibility for non-need-based aid. Therefore, a negative SAI will not increase the overall amount of non-need-based aid a student can receive."
AskRegs Q&As represent NASFAA's understanding of regulatory and compliance issues. They are FOR INTERNAL USE ONLY. While NASFAA believes AskRegs Q&As are accurate and factual, they have not been reviewed or approved by the U.S. Department of Education (ED). If you should need written confirmation of AskRegs information for audit or program review purposes, please contact your ED School Participation Division. NASFAA shall not be liable for technical or editorial errors or omissions contained herein; nor for incidental or consequential damages resulting from the furnishing, performance, or use of this material.
Join NASFAA and receive full member access to the AskRegs Knowledgebase and question services.Learn More