|The Student Aid Report (SAR) is a document that is generated after you submit the Free Application for Federal Student Aid (FAFSA). It provides a summary of the information you provided on your FAFSA and indicates whether you are eligible for federal student aid, such as grants, loans, and work-study.|
The SAR includes several important pieces of information, including:
1. Your Expected Family Contribution (EFC). This is an estimate of how much your family is expected to contribute towards your education costs for the academic year. Your EFC is calculated based on your family’s income, assets, and expenses, as well as other factors.
2. Your financial aid eligibility. The SAR will indicate whether you are eligible for federal student aid and, if so, what types of aid you are eligible for.
3. A summary of the information you provided on your FAFSA. The SAR will include a summary of the personal, financial, and academic information you provided on your FAFSA.
4. Any action you need to take. The SAR may indicate if you need to take any additional steps to complete the financial aid process, such as verifying your information or signing a promissory note for a student loan.
It is important to review your SAR carefully and make sure that all of the information is accurate. If you notice any errors or discrepancies, you should contact the financial aid office at your school to resolve the issue. You should also keep your SAR for your records, as you may need to refer to it when applying for financial aid in future years.