Fund My Future > College Planning > High School (9-12) > Seniors > Financial Aid Award Letter

Financial Aid Award Letter

An award letter from the financial aid office will explain how much financial support you will receive from the school or other sources during the upcoming academic year. You will receive an award letter after you file the Free Application for Federal Student Aid (FAFSA) and submit all required documentation and forms to the financial aid office. The amount of funding offered on an award letter is generally based on federal eligibility requirements, availability of funds, and whether you are full-time or part-time enrolled. The award letter will list the types, amounts and sources of financial aid available to you. 
Award letters are generally sent out in late March through April for the fall term awards. You may receive the letter via email or the U.S. Postal Service, depending on the school’s procedures. Some award letters require you to formally accept the financial aid that is being offered to you. Be sure to reply to the letter within the timeframe given so that you do not jeopardize your financial aid.
If you are considering several schools, be sure to compare the award letters you receive. Make sure you compare cost of attendance minus aid received to determine how much your family will be required to pay for college expenses. Also, if you receive funding from outside sources, such as scholarships, you are required to notify the financial aid office at the school you attend.

College Planning | Scholarship Search | Career Planning | Hours | Staff | ASLA | Sitemap | About Us | Contact | Privacy
Arkansas Student Loan Authority, 3801 Woodland Heights Road, Suite 200, Little Rock, AR 72212 | 800.443.6030
© Fund My Future. All rights reserved.