About 4 to 5 weeks after you submit your FAFSA, the Central
Processor will send you a Student Aid Report (SAR), which
acknowledges receipt of your materials and informs
you about important financial aid considerations.
The Student Aid Report states the amount of your Expected
Family Contribution and tells you if you qualify
for a Federal Pell Grant.
It also provides you with a detailed review of the information
that you and your parents provided in your FAFSA form. This report
provides you with the opportunity to review your data
and make any corrections or revisions if necessary. You may
have to make changes because of errors or if your family's
financial situation has changed since you sent in the FAFSA. You
may also add the names of additional colleges and programs to
receive your SAR.
If you find that revisions are necessary, just mail the revised
data back to the Central Processor. The FCP will then re-evaluate
your data and make another estimate of your need. A revised SAR
will be returned to you. This process should take about two to three
You may want to compare the Estimated Family Contribution figure
the Central Processor sends to you in this report with your own
calculations. There are worksheets and services that help you
get a good idea of what your contribution should be. If the figures
provided in your SAR seem substantially different than what you
were expecting based on your own calculations, be sure to double
check both sets of figures to see if the Processor missed something
or if you failed to provide some needed information. For information
about the internet Expected Family Contribution worksheets, see
the section on the Financial Aid Road Map that focuses on
the Expected Family Contribution.
(Source: Rosen, Rochelle, S.College in California: The Inside