What does the FAFSA4Caster do for students?

The FAFSA4Caster is a tool designed to help students and their families estimate their eligibility for federal student aid. By inputting specific financial and personal information, users receive an approximation of the amount of financial aid they might qualify for when they complete the Free Application for Federal Student Aid (FAFSA). This preemptive understanding can significantly aid in planning for college expenses and financial decisions, as it allows students to gauge how much support they may receive before the actual application process. Understanding this estimation can empower students to explore their options more confidently as they pursue higher education.

Other options do not accurately reflect the primary function of the FAFSA4Caster: it does not provide scholarship opportunities, offer tips for saving, or assist in determining college majors. Its main focus remains on providing an estimate for federal financial aid eligibility, making the correct answer clear.