What is a Student Aid Report?
After filing the FAFSA, you will receive a Student Aid Report (SAR), which is essentially a confirmation of, and summary of, what you reported on the FAFSA. If you provide an email address when you file your FAFSA, the Student Aid Report (SAR) will be emailed to you within a few days after completing the FAFSA. If you do not provide an email address, then the Student Aid Report (SAR) will be mailed to you via traditional mail delivery and can take up to three weeks or more to receive.
The Student Aid Report (SAR) can be used to note any corrections to the information that you originally provided (e.g., after you complete your taxes, you can update the income information, if applicable) and resubmit (online if you filed the FAFSA online or via the mail if you filed using a paper FAFSA) to process the updated information.The Student Aid Report (SAR) also includes what is referred to as your Expected Family Contribution (EFC). The Expected Family Contribution (EFC) is an integral piece of the financial aid formula and used to determine aid eligibility. The Expected Family Contribution (EFC) is the calculated amount, determined by the information submitted on the FAFSA, that the family will be expected to contribute towards the annual cost of education. A deeper discussion of the Expected Family Contribution (EFC) is included in Financial Aid Sense.
While the family receives the Student Aid Report (SAR) directly, the colleges will receive the processed FAFSA information electronically which will remain part of the student’s financial aid record.
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We hope that this article helps you sort through any questions that you may have about the Student Aid Report. Be sure to review it carefully and make any updates in a timely fashion so that financial aid offices have the information that they need to finalize financial aid awards. Check out Financial Aid Sense for important information about financial aid and the college financing process.