Based on the Department of Education’s 2024–2025 Pell Eligibility and Student Aid Index Guide including the inflation adjustments.

Our financial aid experts have created a free Student Aid Index calculator to help you estimate how much your family will pay for college. It’s easy to use, and can be completed in under 5 minutes! In order to use the calculator, you’ll need information from your 2022 tax return. Don’t worry—we tell you exactly which lines to use or you can just put in an estimate to get started. You will immediately receive your free estimate. You’ll also receive a downloadable report to help you understand your SAI or student aid index and answer questions you may have.


"My College Corner’s tools are awesome. The easy to use tools provide a simple way for our
families to get some important answers to some of the most important financial questions
when it comes to college. Our counselors and families get immediate results, and they can
quickly see how the results change as assumptions change allowing informed decisions to me

From Gregg Cohen, President of Campus Bound - Needham, MA


"This Student Aid Index calculator makes it easy for families to get an estimate of how much
college might cost based on the U.S. Department of Education’s new formula for financial aid
eligibility. The new method for calculating aid can be really complicated but this tool boils it
down to two screens and a results page with. Really well done."

From Mark Salisbury, CEO of TuitionFit - Davenport, IA


"The Financial Aid Calculator has helped many families in Mississippi estimate their financial aid
eligibility. This year the SAI calculator is more important than ever because of the delayed
FAFSA form and the new way aid is being calculated. This calculator gives us a chance to work
with families to hopefully take some of the stress out of the financial aid process."

From Brandi Lyndall, Director of GEAR-UP Outreach - Jackson, MS


"Thank you MyCollegeCorner for making this SAI calculator for families to try to truly understand
what amount of aid they could receive. The College Investor wants to help families make
better financial choices when it comes to paying for college. This calculator helps a lot."

From Robert Farrington, America’s Millennial Money Expert, Founder and Editor-in-Chief of The College Investor

Important FAFSA Changes

All students who want financial aid for college in the 2024-25 academic year must complete the FAFSA (Free Application for Federal Student Aid). Starting next year, the U.S. Department of Education is changing how it determines financial aid eligibility for college students. It has replaced the Expected Family Contribution (EFC) with the Student Aid Index (SAI).The SAI is termed an index because it is an indication of how much you may be able to pay for college based on your income and assets. It is not the absolute amount of money you will have to pay because a college is not obligated to offer you financial aid or it may offer you more aid than your SAI indicates.  It is an indication of your eligibility for financial aid.

While this is applicable to new college students, the SAI will also be used for returning college students. All students who want any financial aid need to complete the FAFSA. It is a good idea for students with the means to pay for college without financial aid to also complete the FAFSA so they have the option to borrow student loans from the Direct Student Loan Program if they want. Completing the FAFSA is necessary whether students plan to attend a 2-year or 4-year (public or private) institution.

The 2024-25 FAFSA application will be available sometime in December of this year. But you can use this SAI calculator now to get an estimate of your “official” SAI after you file your FAFSA.

To get ready to file your FAFSA when it is available, students who don’t have one should get an  FSA ID. Families should have their 2022 tax forms complete and correct for parents and students if applicable.

It’s important to understand your SAI is the estimated amount that you will be expected to pay based on the total cost of attendance. Knowing what your student can expect in the form of financial aid can help your family make better choices and make the college application process less stressful for you and your student.

Read more and subscribe to our blog to stay up to date on the latest college financial aid news.

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