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What is the primary function of the Student Aid Index (SAI) in the federal financial aid process?

A To determine the maximum amount a student can borrow in federal student loans.
B To indicate a student's eligibility for need-based federal and institutional financial aid.
C To calculate the total cost of attendance at an institution.
D To ensure equitable distribution of merit-based scholarships among students.

✓ Correct Answer: Option B

The Student Aid Index (SAI) is a number calculated from FAFSA data that schools use to determine a student's eligibility for various federal and institutional need-based financial aid programs.

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