Congratulations, you’ve been accepted to college! Now it’s time to compare your financial aid award letters and see how you’ll cover the cost of college and determine which college is the best financial fit for you.

What Is a Financial Aid Award Letter?

If you submitted a Free Application for Federal Student Aid (FAFSA) and were approved for financial aid, each school that accepts you will send you a financial aid award letter detailing how much you will be awarded from that individual school.

How to Read a Financial Aid Award Letter (With Examples) | Scholarships360

When Will I Get My Financial Aid Award Letter?

Often, you will receive your financial aid award letter around the same time you receive your acceptance letter. This can vary depending upon the timing of your FAFSA submission and each school’s administrative process. Information about a school’s timing is best obtained by contacting the school’s financial aid office directly.

Keep in mind the information in a financial aid award letter reflects one year of attendance only. For each year you attend school with a completed FAFSA, you will receive a separate financial aid award letter.

How to Read a Financial Aid Award Letter

Compare Aid Awards Calculator

https://bigfuture.collegeboard.org/pay-for-college/financial-aid-awards/compare-aid-calculator