The school's financial aid office will
process the SAR and determine the total
financial aid you can receive through
federal, state, and college-based programs.
The school will then send you the Financial
Award Letter (Package) usually upon acceptance of your college admission
— usually around April to May
includes private and government grants
and all scholarships.
Perkins, subsidized and unsubsidized
Stafford loans, PLUS loans, state loan
different work programs through the
school or in the community.
link to our financial aid charts for a summary review
The sample award letter above shows an award package that matches the financial need for the academic years. Some colleges may offer award amounts that are less than the total financial need.
You will have to determine what additional money you can find on your own in order to attend your college of choice.
Understand its terms including loan interest rates, required work hours, aid renewal and other requirements.
Look at each award item to understand exactly what requirements are necessary to earn that award. Note that some institute grants are given to first-year students to encourage them to enroll. Make sure these grants are not reduced or removed after the first year.
Ask about the work-study program: hours required, pay, type work, etc. Some students may opt to work the summer months instead of taking work -study programs.
You'll also want to ask about the continued availability of the state grant.
Have all of your questions asked before
accepting the financial aid package —
if you feel the package is inadequate,
contact your school's financial aid office.
Review the financial aid packages among
the various schools you plan to attend
— compare which school offers the
best financial aid package as it relates
to your overall educational requirements.