When to Expect a Financial Aid Award LetterMany colleges are moving up their entire financial aid timeline to match a recent federal change that allows families to access and submit the FAFSA three months earlier than in prior years. This could allow students to receive their financia...
If you’re receiving a financial aid award letter, that means you likely filled out the FAFSA— the importance of which becomes clear once you open that envelope (or email). Colleges calculate the amount of aid they’re able to offer you partly based on your Expected Family Income, or EFC...
You guessed it. FAFSA.) If this isn’t on your award letter, it doesn’t mean you can’t find a job on or around campus to fund your expenses from the previous section. It just means you won’t be guaranteed
their financial aid award letter after submitting the Free Application for Federal Student Aid, orFAFSA, and meeting other institutional requirements. This typically occurs around the time applicants receive college admissions decisions but could be as early as October to as late as April, exper...
Step 2: Include your earnings from a work-study award on your tax return Many students are provided part-time jobs working at their college as part of their FAFSA award. Although this money you earn is intended to ease the financial burden of attending college, the incom...
Of note, there could be delays for 2024-25 FAFSA®filers when it comes to receiving their FAFSA®Submission Summary. Financial aid award letter: Typically, in early to mid-April (although this varies by school), you’ll receive financial aid award letters from the colleges you applied to...
Your financial aid award letter lists a package of various types and amounts of financial aid available to you, but they sometimes fall short of your need. If you don’t get enough financial aid, you can always ask for more. The worst that can happen is the college financial aid ...
To be considered for federal student aid for the 2024–2025 award year, you needed to complete a FAFSA form by June 30, 2025. Each state also has its own deadline.16 The Bottom Line Most families—regardless of how much they earn or have accumulated in assets—will find it useful to ...
One Important Note: You must complete the FAFSA each year. Your financial aid award amount may change over time, depending on your financial status and any income changes in your home. FAFSA eligibility and requirements Most students who fill out the FAFSA are eligible for some aid. The exac...
A financial aid appeal letter may help you get more money. You’re most likely to be successful if your circumstances changed since you submitted a FAFSA.