News Articles About Award Letter

There was an interesting article in The New York Times today offering a rare behind-the-scenes look at a university financial aid office.  If you're still baffled by your financial aid award letter, or you just are curious to find out how it was created, this article is a good read.  While it focuses on Boston University, an elite and expensive private college, many of the processes discussed carry over to other schools, both public and private.

A Look Inside a Financial Aid Office

April 17, 2009
by Scholarships.com Staff
There was an interesting article in The New York Times today offering a rare behind-the-scenes look at a university financial aid office.  If you're still baffled by your financial aid award letter,
Today we move on to the final part of our Understanding Your Financial Aid Award Letter series.  If you were lucky enough to have your entire tuition paid through free money for college, then you can stop reading now.  But the vast majority of students who apply for aid will be awarded at least one less ideal form of financial aid.  Sorting through the rest of your award letter is the tough part--this is where difficult choices may need to be made, including whether and how much to borrow.

Understanding Your Financial Aid Award Letter III

April 14, 2009
by Scholarships.com Staff
Today we move on to the final part of our Understanding Your Financial Aid Award Letter series.  If you were lucky enough to have your entire tuition paid through free money for college, then you can
So you've figured out your cost of attendance, your expected family contribution, and the total amount of aid you're being offered at each college.  However, not all aid is created equal, and a package that appears to meet your full need could actually get you into more debt than a package that leaves a substantial gap.  A useful move both in choosing a college and budgeting out what you need for the year is to separate the grant and scholarship aid you've been offered from all of the other financial aid.  This is going to involve some more math and record-keeping on your part. We'll delve into the best kinds of aid in the second part in our series on understanding your financial aid award letter.

Understanding Your Financial Aid Award Letter II

April 10, 2009
by Scholarships.com Staff
So you've figured out your cost of attendance, your expected family contribution, and the total amount of aid you're being offered at each college.  However, not all aid is created equal, and a
Along with acceptance and rejection letters, colleges are sending out another nerve-wracking piece of mail this month: the financial aid award letter.  For many families who have only recently discovered the joys of completing the FAFSA, the financial aid letter can bring about a whole new kind of terror and confusion.  Even for people who are somewhat familiar with aid, deconstructing the naming conventions and occasionally less-than-detailed explanations on various colleges' award letters can be frustrating, as can mounting an effective comparison among differing aid packages.  Below is the first part in a series on understanding your financial aid award letter.

Understanding Your Financial Aid Award Letter

April 9, 2009
by Scholarships.com Staff
Along with acceptance and rejection letters, colleges are sending out another nerve-wracking piece of mail this month: the financial aid award letter.  For many families who have only recently
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