If you're a high school senior, Decision Day is almost here. You're getting to the point where you should be receiving your award letters 
from colleges.
If you haven't already decided on a school, these award letters are probably a big part of what you've been waiting for. For many students, school choice comes down to the financial aid package.
So what can you expect? Your award letter typically will list the Cost of Attendance (COA), the federal aid you're eligible for (grants, work-study, and student loans), and your Expected Family Contribution (EFC).
Review your award letters carefully, considering these important points to be sure you understand the aid that's being granted and what your final costs will be.
The link above lists some key questions to ask, such as:
- Does the Cost of Attendance include all projected costs?
- How do non-institutional scholarships affect you award amount?
- Does the aid package likely cover the same expenses every year?
When it comes to award letters, they're not all written in the same format, so here's a cool tool to help you compare apples to apples. Don't be afraid to contact the school to get all your questions answered.
Are you waiting for an award letter before deciding on a school?
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