For: Students Understanding Award Letters
These pages will help you understand your financial aid offers and determine which one is best for you.
Presentation
Understanding Financial Aid Award Letters
By the end of this presentation, you will be able to:
- recognize different types of aid
- identify good and not-so-good aid
- compare offers to determine affordability
- determine which aid to accept and which to potentially decline
- identify options when unmet need is too high
- know when, how and under what circumstances to consider a professional judgment review or special circumstance appeal
Tools
Award letter comparison tool
This tool will help you compare the financial aid award letters you have received to help you determine which school has offered the best award package.
This tool will help you calculate:
- the gap between cost and financial aid
- your annual out-of-pocket cost
- an estimate of total loan amount owed over four years
- the total out-of-pocket cost over four years
Download the award letter comparison tool
Mapping your future student loan repayment calculator
This is a great tool to determine your borrowing limits. Estimate your student loan repayments, your total interest cost, and the minimum annual salary to make these payments.