Updated: Jun 26, 2020

College Loans
4 Smart Tips for Comparing Student Loan Interest Rates
The advertised interest rate for student loans can be confusing. Here are four tips that can help you compare interest rates.
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 try our Award Letter Comparison Tool, or create a document yourself that compares the financial aid from each school, including:
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