College Financial Aid
There is a wonderful tool available to parents and students. The US Department of Education has introduced the FAFSA4caster, a web site designed to help families determine potential eligibility for federal financial aid earlier in the college application process. The FAFSA4caster provides students and their parents with the following benefits: (1) instant calculation of an Estimated Family Contribution (EFC); (2) early information about a student’s potential for a Federal Pell Grant; and (3) automatic transfer of information to reduce the time needed to complete the FAFSA later in the academic year.
Seniors and their parents can access the FAFSA (Free Application for Federal Student Aid) on-line beginning January 1st. For additional information, as well as guidelines and assistance with the college financial aid process, visit the Mass Educational Financing Authority (MEFA) web site.