What is a financial aid award letter?

After you receive the award letter, you may be asked to return a signed copy of the letter in which you accept or reject each source of financial aid. The college will not increase other aid to compensate if you reject part of the financial aid package, such as loans. read more

From the ISIR, and perhaps a secondary institutional application, the financial aid officer (FAO) will determine your eligibility for programs from the institution, federal government, or other sources of aid. This aid package will then be sent to you in form of an award letter. read more

What’s in a financial aid award letter. Financial aid award letters usually contain this information: Cost of attendance (COA), an estimate of what you can expect to pay for one year of school. This includes tuition and fees, room and board, books and supplies, transportation, and even personal expenses. read more