Updated: Sep 24, 2021

Financial Aid
How to appeal your financial aid award letter
Does your financial aid award letter fall short of what you need to pay for college? Learn how to appeal an award letter with Discover Student Loans.
Soon after you file your Free Application for Federal Student Aid (FAFSA®), you’ll receive a Student Aid Report (SAR). While this document won’t tell you how much financial aid you’ll receive (you’ll have to wait for financial aid award letters for that), it does contain plenty of valuable information. So read it closely.
Your SAR is a document that summarizes all the information you provided when filling out the FAFSA. It also estimates your eligibility for federal loans and the Federal Pell Grant, and includes your Expected Family Contribution (EFC). Your EFC is determined using a standard formula that includes factors like the number of students in your household attending college, your family’s income, and more. It’s not necessarily the amount that your family will be responsible for but it is a number that schools use to calculate how much financial aid you may be eligible to receive.
Generally, you will receive your Student Aid Report 3–5 days after filing your FAFSA electronically. If you filed your FAFSA by mail, it can take up to 3 weeks to receive your SAR. If you do not receive your SAR within the expected time frame, you can check the status online at fafsa.ed.gov or contact the Federal Student Aid office.
In addition to all the information from your FAFSA and your EFC, your SAR contains:
The SAR gives you a glimpse into your financial aid eligibility, and can help you adjust your expectations about your family’s expected financial contribution to your education and the amount of aid you might receive. The Student Aid Report goes to you, but the schools you’ve applied to have access to it, too—and they use that info to make financial aid decisions. So it’s crucial to make sure all the information on it is accurate, and correct it if you find any errors.
When you receive your SAR, carefully review it and compare it with what you filed on the FAFSA. If you need to make a correction, you can:
You will start to receive your financial aid award letters from colleges generally beginning in March. Once you do, the Award Letter Comparison tool from Discover® Student Loans can help you evaluate and compare your various offers.
FAFSA® is a registered trademark of the US Department of Education and is not affiliated with Discover Student Loans.
The SAR contains only information about federal student aid (e.g., grants, scholarships, federal student loans) available through the FAFSA. Discover® Student Loans only makes private loans.