Financial Packages

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Commonly Asked Questions about Financial Packages

How do I know my financial aid package?

View your SAR by doing the following: Go to fafsa.gov. Select Start or Edit a 202324 FAFSA Form. Enter your account username and password (FSA ID). Select the student role on the Roles page. Select View Student Aid Report (SAR) from the My FAFSA page.

How do I know how much FAFSA will give me?

You can use the online FAFSA form to calculate your estimated EFC. The estimated EFC appears on the confirmation page when you complete and submit your form. After your application is fully processed, youll receive a Student Aid Report (SAR) with your official EFC.

What are four types of financial aid?

Options include grants, loans, scholarships, and work-study. Visit Types of Financial Aid on the Federal Student Aid website. You will learn about funding you can get from the government, your school, and private sources including: Grants.

What determines how much financial aid you will get?

The financial aid staff starts by determining your cost of attendance (COA) at that school. They then consider your Student Aid Index (SAI) (2024-25 FAFSA form) or Expected Family Contribution (EFC) (202324 FAFSA form).

What is included in a financial package?

Your financial aid package is likely to include funds from the federal student aid programs but may also include funds from state and institutional aid programs. Note that not all colleges participate in all federal student aid programs.

How do financial aid packages work?

A financial aid package is the total amount of financial aid (federal and nonfederal) a student is offered by a college or career school. The schools financial aid staff combines various forms of aid into a package to help meet a students education costs.

What is a monthly financial package?

Monthly Financial Package means, for any month, the financial information for such month delivered or to be delivered by the Borrower to the Administrative Agent, substantially in the form of the information provided in Exhibit D.

How do you figure out your financial aid package?

They subtract your SAI/EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get. To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid youve already been awarded.