Category Archives: Award Letters

I Submitted the FAFSA. Now What?

The 2018-2019 FAFSA opened on October 1, and students are encouraged to complete the application as soon as possible. After submitting the FAFSA online, you may be wondering what your next steps are. Here’s what to expect.

Upon submitting the FAFSA, you will see a confirmation page on the screen. You will also receive a confirmation email, sent to the address listed on your FAFSA. This lets you know your FAFSA was submitted and is being processed.

After a few days, you’ll receive your Student Aid Report, or SAR, by email as well. The SAR is a summary of the information you listed on your FAFSA. Be sure to review your SAR and correct any errors.

When your FAFSA is processed, it is sent to the schools you listed on the application. Watch for communication from the financial aid offices at those schools. They will let you know if any additional documentation is needed. Financial aid offices at those schools will also send you an award letter after you’ve been accepted. Award letters explain what financial aid is available to you. Read this letter carefully as there may be additional steps you need to take to accept or decline certain types of aid.

Watch this short video from Federal Student Aid to learn more!

Understanding Your Award Letter

Once you’ve been accepted to a college, university or career technology center, and you’ve completed your FAFSA (Free Application for Federal Student Aid), you will receive a financial aid award letter. This letter is very important. It will notify you of the types of federal and state assistance you can receive to pay for college.

Most financial aid award letters are sent to you electronically, but a few schools may provide paper documents. Be sure you know the system your school uses so you don’t miss out on any deadlines. Award letters will state the amount of financial aid you can receive, but you will be required to accept or decline this money and notify your school by a specific date. If you miss the deadline, you may be missing out on money for college!

You don’t have to accept everything listed to you in the award letter. Research the aid programs that you’re being offered and make an educated decision. Remember: grants and scholarships are typically considered free money, work-study offers you the chance to work for your funds and student loans must be paid back in full with interest. If you have accumulated several scholarships and don’t need loan money, then don’t accept it! Loan funds that are declined will most likely still be available if you learn you need additional money later in the school year.

If you have questions about the aid you’re awarded, please contact the financial aid office at the school you plan to attend. To learn more about financial aid programs, visit UCanGo2.org or StudentAid.ed.gov.