Seniors: College Financial Aid Award Letters

What's in a Financial Aid Award?
 
What can be as big a deal as an acceptance letter? Getting your aid award letter!
 
Once a college admits you -- and crunches the numbers from your aid application(s) -- it will send you an "award letter." Finally, you will find out what the college might really cost!
 
But deciphering your aid award can be frustrating.
 
Your award letter should clearly list the grants, scholarships, loans, and work-study the college is offering you. But often the labels are confusing. Ask the financial aid office to explain anything you don't understand.
 
Your aid offer isn't "all or nothing."
 
You don't have to accept every award listed in your letter. Accept or decline each aid offer as soon as you are comfortable and certainly before the acceptance deadline.
 
To learn what to look for in every award letter, read the full article at: