March 22, 2007

New EFC calculator from the Dept. of Education

Posted in FAFSA, Student Loan News at 7:55 AM by Joe From Boston


Wow, here’s a cool new tool available starting April 1st from the Department of Education.  FAFSA4caster will allow students to receive and estimated EFC (expected family contribution) – which is something we get questions about all the time!  I highly recommend you check this new tool out once it comes online.  The whole article is available through NAFSAA.  Information for accessing the tool is available at the bottom of this article:

Federal Student Aid is pleased to announce the release of FAFSA4caster, a new Federal Student Aid Web product designed to assist high school juniors and their families plan for education beyond high school. Beginning April 1, 2007, students can receive an estimated Expected Family Contribution (EFC) by entering their information into the FAFSA4caster tool, a customized 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 financial aid, and paying for education beyond high school.

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

FAFSA4caster Access

Students and families interested in assessing their eligibility for Federal student financial aid can access FAFSA4caster by visiting www.FederalStudentAid.ed.gov. The links for FAFSA4caster are located in the lower right corner of this page.

1 Comment »

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