The FAFSA4caster is a free tool made available by the U.S. Department of Education. The FAFSA4caster provides students with an early estimate of their eligibility for federal financial aid. Students considering a college education can use this free tool to calculate an estimate of their eligibility for federal financial aid, including possible grant sources.
This is an excellent resource for families to get a sense of what they may be expected to pay toward the cost of education and a preliminary indicator of possible financial aid sources available to them. The new FAFSA for the upcoming 2017-2018 academic year is available now! Each year, the new FAFSA will be available as early as October 1st. It is never too early to begin planning for and thinking about the college financial aid process.
Another benefit of using the FAFSA4caster tool is that families also get a preview of what it is like to complete the actual FAFSA, which may help to reduce the actual time it takes to complete the Free Application for Federal Student Aid (FAFSA) online once it is available and help better prepare a family for completing the FAFSA.
Families may also find Financial Aid Sense to be an excellent resource – this guide will walk you through the entire college financing process. Full of check lists, reminders, action items and straight forward explanations of the college financing process, this guide is a valuable resource during the financial aid process. Keep a copy handy to refer to along the way! Don’t miss out on financial aid opportunities – pick up a copy of Financial Aid Sense today!