Financial aid award letters from the colleges where you had applied and been accepted. Now there are several different financial aid offerings. So the question is that how to know that which school package is right for you and what the terms in that package meant? Which package is better than another for you?
Features included in financial aid award letters
Here are the main features that are mostly included in college financial aid award letters:
- Cost of Attendance
- Expected Family Contribution (EFC)
- Federal Grants
- Subsidized federal loan offer
- Unsubsidized federal loan offer
- Institutional grants and scholarships
- Unmet need
Learn and try to understand each of these award letter features and compare them.
Cost of Attendance (COA)
College award letter will always give you an exact figure of the cost to attend the college. It is not cost of tuition. Cost of Attendance (COA) is comprised of following features:
