A new tool, FAFSA4caster will soon be available (starting April 1st, 2007) to help you sort out how much financial aid you can expect to receive when attending college. From the site, this tool lets you do a couple things:
- Instantly calculates a student’s eligibility for federation student aid, including grants
- Reduces the time it will take to complete the FAFSA
- Simplifies the financial aid process for students and their families
This tool is definitely a step in the right direction. When I applied for financial aid (seems like ages ago), there was no way to predict how much aid you would receive. With this tool, you can be better prepared and more realistic in your financial planning for college. If you try it out, let me know whether you think it was helpful.