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Identify the total cost of attendance for each college and university. Beware of costs that aren't listed on the award letter. Add together all the gift aid listed on the award letter. Subtract the total amount of gift aid from the total cost of attendance.
The first step to evaluating financial aid award letters is to understand the elements they include. Each financial aid award letter will include: Cost of attendance (COA an estimate of tuition and fees, room and board, books, and other supplies) Money that you do not have to repay (e.g., grants or scholarships)
Identify the total cost of attendance for each college and university. Beware of costs that aren't listed on the award letter. Add together all the gift aid listed on the award letter. Subtract the total amount of gift aid from the total cost of attendance.
What's in a financial aid offer Financial aid offers usually contain this information: Cost of attendance (COA), an estimate of what you can expect to pay for one year of school. This includes tuition and fees, room and board, books and supplies, transportation, and even personal expenses.
Each financial aid award letter will include: Cost of attendance (COA an estimate of tuition and fees, room and board, books, and other supplies) Money that you do not have to repay (e.g., grants or scholarships) Money that you need to repay (e.g., federal loans)
Identify the total cost of attendance for each college and university. Beware of costs that aren't listed on the award letter. Add together all the gift aid listed on the award letter. Subtract the total amount of gift aid from the total cost of attendance.
Final | Financial Aid Applications | Award Letters. After you submit your application for financial aid, you will receive a financial aid award letter from the college(s) to which you applied, typically in early to mid-April. This letter spells out the details of your financial aid package.
Applicants who submitted the FAFSA online should receive email about how to access the SAR in 3-5 days. If you did not include an email address on your FAFSA or you filed a paper FAFSA, you should receive your SAR by mail in 7-10 days. After you receive the SAR, your FAFSA may be selected for verification.
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