How can I estimate the amount of federal student aid I will receive?

Question

I have filed a FAFSA but I need to know approximately how much aid I will receive so I can decide what to do next. Do I have to use the fafsa4caster and fill out the all the tax and investment info again, or is there some place I can go to calculate it with my current FAFSA report?

Answer 1

if you filled out the FAFSA at the end it says "expected contribution."

From there figure out what college is gonna cost you, and expect to get half of that in grants at least, then you'll have an idea of what to pay out of pocket?

Answer 2

How much you get in aid will depend on the cost of the school you listed on your FAFSA which is why it is good to list more then one so that when those schools send you what's called the award letter you can compare the aid package. just cuz a college cost more then another does not mean you will have to pay more on the flip side a bigger higher cost school will in some cases give you more aid because they have the availablity. note that aid is limited to a cap like the pell grant and stafford loans. to get limits visit the fafsa.ed.gov website.