Financial Award Letter
Every college and career school that you apply to, and which you’ve listed on your FAFSA, will send you their own unique Financial Aid Award letter.
Remember from earlier lessons that each school’s Cost of Attendance (COA) will differ, and each school will make it’s own determination as to how much aid to offer you based on your Estimated Family Contribution (EFC) and other information that you included on your FAFSA.
These Financial Aid Award letters may likely help you to decide which school you’ll end up attending based on it’s affordability so you should review them carefully. Even though one school may be offering you more financial aid, the quality of the aid (types of loans, grants vs. loans) can make a big difference regarding which school you should choose.