Collects identifying and financial information from students applying for Federal student aid for postsecondary education. Used to calculate Expected Family Contribution and determine eligibility for grants and loans, under Title IV of the HEA.
The FAFSA4caster is a new tool being added to FAFSA on the web. It is a tool to inform high school juniors and their families of their estimated EFC and inform them if they will be eligible for a Federal PELL Grant. It will also reduce the time needed to complete the FAFSA in their Senior year. The estimate is that 834,750 juniors will use the tool which takes 25 minutes to complete. The burden hour increase of 350,595 is due to the addition of this new tool.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.