The U.S. Department of Education’s office of Federal Student Aid is pleased to announce the release of FAFSA4caster, a new Web tool designed to assist high school juniors and their families plan for education beyond high school. Students can receive an estimated Expected Family Contribution (EFC) by entering their information into FAFSA4caster, a simplified version of the Free Application for Federal Student Aid (FAFSA). FAFSA4caster also provides guidance on next steps for applying for admission, applying for federal student aid, and paying for education beyond high school.
Background: In September 2005, the Secretary of Education formed the bipartisan Commission on the Future of Higher Education to launch a national dialogue on the vital issues of accessibility, affordability, and accountability in higher education. One of the needs identified in the Commission’s final report was to notify students of their federal student aid eligibility earlier in order to help families plan better. We have developed FAFSA4caster to address this need.
FAFSA4caster Benefits: FAFSA4caster is a companion piece to the official FAFSA on the Web. The free FAFSA4caster tool will assist high school juniors and their families in the following ways: Instantly calculate an estimated EFC; Inform the student of potential Federal Pell Grant (Pell Grant) eligibility; Reduce the time needed to complete the FAFSA when the student applies as a senior. Students and families interested in assessing their eligibility for federal student aid can access FAFSA4caster by visiting www.FederalStudentAid.ed.gov. The links for FAFSA4caster are located in the lower right corner of their home page. Students will be able to access a Spanish version of FAFSA4caster on April 29, 2007. If you have any questions about FAFSA4caster, contact the Federal Student Aid Information Center (FSAIC) at 1-800-4-FED-AID (1-800-433-3243).