The award letter details how much support the school can provide to help you pay for college.
For the schools you have been accepted to, you'll start receiving award letters as early as February, and you should have all of them by April. A letter may include grants, scholarships and work-study programs, along with eligibility for federal student loans.
Award letter templates can vary, so make sure you carefully review each letter as you compare financial aid packages from different schools.
To determine which financial aid package best meets your needs, you may want to create a document that compares the financial aid from each school, including:
Did you know?
Navigating the financial aid process can seem daunting whether it's your first time in college or you are a returning student. Use these step-by-step instructions to help guide you through the process.
You will receive your Student Aid Report after you submit your FAFSA. Learn about the SAR and how it is used to determine financial aid.
It is a common belief that out-of-state tuition can be more expensive than in-state tuition. Check out which states offer affordable costs to attend state schools.
Learn about the average cost of a college education and how choice might affect the average annual costs.
It's important to understand the ins and outs of student loans before applying. Discover Student Loans provides advice for avoiding common student loan regrets.
It may be tempting to borrow for college, but there are ways to avoid it. Discover Student Loans offers first-person accounts on graduating college without debt - or very little.
Wondering how rising interest rates may affect your student loan rate? Find out how the Federal Reserve movements could affect the interest rate of your student loan.
Did you get a student loan refund? Before rushing out to spend it all, find out the best way to use your student loan refund to avoid costly mistakes.
