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How do you read an award letter?
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 is an award letter from college?
Award letters also known as Financial Aid Award Letters/Packages break down exactly how much your college education will cost you. It also includes various ways to help you finance that education through loans, grants and scholarships with the help of your state, the school, and the federal government.
What is an award letter?
An award letter is the documentation sent from a college or university to the student that details for how much financial support the student is eligible. The award letter is sent following the student's submission of the Free Application for Federal Student Aid (FAFSA) and application to attend college or university.
What is financial aid award letter?
A financial aid award letter will explain how much, and what types of financial aid your school has offered you. Your school may present this to you as a financial aid offer, financial aid package, or financial aid letter.
How do you read a college award letter?
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 information is included in an award letter?
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.
What is a financial award letter?
A financial aid award letter will explain how much, and what types of financial aid your school has offered you. Your school may present this to you as a financial aid offer, financial aid package, or financial aid letter.
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