Your total financial aid award package may include some or all of these types of aid. A great and easy way to reduce your out-of-pocket college expenses it to have your student apply for as many scholarships as possible. Once you have received all financial aid award packages from the schools your student has been accepted to, you can sit down together and compare college costs.
There is not a standard award letter template for each school, but each letter will contain the same types of information: COA, EFC, grants, scholarships, work-study and federal student loans. Use this free tool to help compare the letters side by side so you can make the best decision for your family. She is also the About. No essay required. Students and parents are eligible.
Skip to content Skip to main menu. Facebook Twitter Linkedin You are here. Financial Aid Paying for College. Four staff members, standing against a brick wall, laugh as one staff juggles. Student and Staff Member, sitting across a desk from each other, in a College Planning meeting. Three Female Students, wearing different college T shirts, smiling. Staff Member smiling during team meeting. Students Listening in Class.
Get2College staff members against a brick wall. You must answer questions related to your financial aid eligibility to get a result. You need to fill in the estimated amounts of state and college aid, as well as any possible private scholarship amounts. Also, the generosity of certain federal aid programs, such as work-study, differs from school to school based on available funding.
The net price, or the amount that you must pay after factoring in scholarships and grants, is a more useful measure. That amount could include federal Pell Grants as well as state and school grant funding. Once you have an idea of how much financial aid you can expect, you can better determine your debt load to pay for college.
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