Award Projection Estimators

Below are two estimators that will assist you in determining your financial aid eligibility.  Please understand that completing these estimators does not take the place of actually applying for financial aid at FAU.  Once you receive your award estimation and you are ready to apply for financial aid, please submit the Federal Application for Federal Student Aid (FASFA).

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Net Price Calculator (Open)

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FAFSA4caster (Open)

This is a free online tool to assist students and their families with getting an early start on the financial aid process.  It provides an early estimate of eligibility for federal student aid by instantly calculating an estimated Expected Family Contribution (EFC) which is the number used to determing the student's eligibility for federal student aid. 

Who should use FAFSA4caster?
Anyone who is not yet ready to file a FAFSA.  You do not have to be a high school senior to use the FAFSA4caster, in fact, the tool is recommended for juniors, and even as early as middle school.

How do I use FAFSA4caster?
In this tool, you will answer financial aid and other questions that are used to estimate your federal student aid eligibility.  You may be able to answer most of the questions easily but some of the questions may ask you to reference your personal records (e.g. federal tax information).  You should use the most current information you have.  Also, answer all questions, even if you have to estimate or guess.

What information does FAFSA4caster provide?
When you complete the FAFSA4caster, the tool displays a worksheet to help you determine the net cost of attending your chosen school.
 

Based on the Estimated Family Contribution (EFC) from FAFSA Forecaster, you may be eligible for additional need based grants for this year if your EFC is within the following range (see chart below) .  Please keep in mind that the information provided does not represent a final determination of financial aid eligibility; it is an estimate. Eligibility for need based aid may require additional criteria and are subject to change.

2013-2014
Need Based Awards

Estimated Family
Contribution (EFC) Range
Maximum Award
Per Year*
Federal Supplemental Educational
Opportunity Grant (SEOG)
0 - 1000 $2,000
Florida Student Assistance
Grant (FSAG)
0 - 5273 $2,600
First Generation Matching
Grant (1stGEN)
0 - 4995 $3,000
FAU Academic Achievement Grant
(FAUAAG)
0 - 9000 $3,000
FAU Grant
- Undergraduate (FAUUG) 
- Graduate (FAUGG)
0 - 9000 $2,000

* Please Note:  The maximum award per year amounts (listed in the chart above) apply to students who are enrolled full-time in a degree-seeking program.
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    College Scorecard (Open)
College Scorecards in the U.S. Department of Education’s College Affordability and Transparency Center make it easier for you to search for a college that is a good fit for you. You can use the College Scorecard to find out more about a college’s affordability and value so you can make more informed decisions about which college to attend.  Click here or on the link above to access the College Affordability and Transparency Center - College Scorecard. 


  College Realit y Check  (website)

The cost of college is a central component of The Chronicle of Higher Education’s new comparative tool: College Reality Check.

Using data from the U.S. Department of Education’s National Center for Education Statistics’ Integrated Postsecondary Education System (IPEDS) and the Department's National Student Loan Data System (NSLDS), and PayScale, the new interactive website attempts to guide prospective college students, parents, and counselors with comparisons of key statistics. Users can select up to five colleges to compare the average net price, graduation rates, amount of debt at graduation, and monthly loan repayments.

The tool also ties average student loan debt to average earnings of an institution’s recent graduates, using data from PayScale. “[T]he question now for prospective students and their parents is whether taking on increasing amounts of debt to finance an education at a specific college is worth it,” according to College Reality Check. “Until recently, it was very difficult for families to answer that question. But increasingly families have access to data that allow them to see the payoff of a degree in a particular academic discipline from a specific college by looking at earnings after graduation.”


Scholarships (FAU Scholarship Search, Website) 
There are a host of scholarships available to assist students with their educational expenses.  Click here to view a list of available scholarships. 
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Navigating Your Financial Future   (Open)

Navigating Your Financial Future is a valuable FREE resource to help students and parents transition to the college experience.  There are workshops and materials offered aimed at making life easier and more successful for the college journey.  Topics such as "School and Life Management" and "Managing Your Budget" are just a few workshops offered.  Click here or on the link above to access this information.


QEP

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 Last Modified 6/11/13