The FAFSA4caster is a free tool provided by the U.S. Department of Education to help students estimate their eligibility for federal student aid. There is no cost associated with using the FAFSA4caster. Users can access it online to receive an estimate of their expected family contribution (EFC) and potential financial aid.
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The FAFSA4caster can be used at any time to help students and their families estimate their eligibility for federal student aid. It provides an early indication of the expected family contribution (EFC) and can assist in financial planning for college expenses. This tool is particularly useful for high school students and their parents before they fill out the official FAFSA application, which is typically available starting October 1 each year.
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