Right Major + Right College = Career Success - Helping you get where you were meant to be.
RSS Follow Become a Fan

Delivered by FeedBurner

Recent Posts

Biggest Problem for Accepted Students
Will My College Be Open?
College in the Era of Covid
Student Loan Interest Rates Drop for 2020-21
Not All Info on the Web about FAFSA is Accurate

Most Popular Posts

Essay Topic: What will you contribute to our campus?
Got an IEP? Don't forget to take it to college.
Discouraging Words
Will Social Media Affect Your Child's Chances?
What to do when things change


Accepted? Now What?
Admission Decisions
Admission Essays
Adult Students
Athletes and College
Campus Safety
Career Planning and College
Choosing the best college for you
College Admission Deadlines
College Admission Decisions
College Admission Essays
College Admission Tests
College application process
College Applications
College Buyer Beware
College Camp
College Choice
College Costs
College Counseling and Advising
College Entrance Exams
College Freshman Adjustment
College Graduation and Beyond
College Major
College Myths
College Prep
College Prep Opportunities
College Recruitment
College Scholarships
College succcess
College Transfer
Early preparation for college
Education Consumerism
FInancial Aid
Financial Aid and Scholarships
GAP Year
GAP Year and Summer Programs
Getting in....or not
Good advice
Grad School
Graduate to a Job
Highly Selective Colleges
It's all in the timing
Kids Today
Learning Disability Accommodations
Media Treatment of College Information
Money and College
Online College
Parent and Grandparent Support
Parent and Grandparent Support in the College Process
Parent and student relationships in the college process
Parenting Teens
Picking a college
Planning for College Success
Positioning Students for Success
Social Media and College
Start Planning Early
Student Development
Student Loan Debt
Student Loans
Student Posts About Their Experiences
Success Hints
Summer Activities
Summer college prep
Surviving fall semester fo the senior year
The College-Job Connection
The Junior Year
To-do lists
Value of College
powered by

College Talk Blog

Financial Aid Award Letter Season is Here!

Students and parents are receiving emails and letters this month from colleges and universities notifying them of the amount of financial aid being offered to help them pay tuition and other costs for the 2011-12 school year.  And every family is doing a subtraction problem to determine how much of their need has gone unmet.
Financial Aid Award Letters contain information regarding federal and state grants offered, institutional scholarships awarded, federal work study awards and student loans.  Most colleges have a deadline by which students must indicate whether they are accepting an award in full or part or none of the award.
The reasons a student might reject part of an award include a decision not to work while in college and therefore not accept a college work study award.  Students might have some personal or parent savings and decide not to borrow a student loan.  Parents might decline a PLUS loan because they have another lower interest source of borrowing available to them.
When students reject an entire award it is usually because they have decided to go to college elsewhere.  Another reason to decline an award can be that a student has received one or more scholarships that will cover their costs.
Students who have not received an award letter by April should contact the financial aid office at their college(s) to inquire about their status. 
Students who have had a change of status in income or other hardship not previously documented at the financial aid office should check to see if any adjustments can or will be made to their eligibility.  For example, a student whose parent or spouse has recently died may qualify for a review of their personal circumstances because of the significant decline in income for their household.  Such students should contact their college financial aid office as soon as their circumstance is known to determine whether there is additional financial relief available to them.
Students and their parents should carefully review award letters and determine the amount of cost not met by their awards.  Since most students apply to multiple colleges and therefore receive multiple award letters, they are in a position to "shop" their offers and choose the one that best meets their needs.

2 Comments to Financial Aid Award Letter Season is Here!:

Comments RSS
Stock Trading Tips on Saturday, August 23, 2014 3:06 AM
Good to know about this Financial Aid Award. As this will going to help many children for their further studies. Nice to know about this.
Reply to comment

Intraday Tips on Monday, January 18, 2016 7:15 AM
I must say that overall I am very taken with this site. It is apparent that you know you subject matter and you are passionate about it. I wish I had got your ability to write. I have bookmarked your site and look forward to more updates.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment