Required Reading Required Reading - Office of Financial Aid 2025

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A Financial Aid package is created using your SAR. What is the risk you take by NOT reading your financial aid award letter in detail? How could skipping this step impact your life after college? You could end up having to pay a lot after you graduate which could set you back and impact how you live.
Your eligibility depends on your Student Aid Index (SAI), your year in school, your enrollment status, and the cost of attendance at the school you will be attending.
Submitting false or incomplete information on your FAFSA application can lead to disqualification from receiving financial aid. This includes errors in reporting income, assets, or family size, as well as intentionally misreporting information to qualify for more aid.
The FAFSA Submission Summary, formerly known as the Student Aid Report (SAR), can tell you about your financial aid eligibility, potential schools, making corrections or changes to your FAFSA form, and next steps as you prepare to receive aid offer letters.
How could skipping this step impact your life after college? Not reading your financial aid award letter in detail could cause you not to get the aid you could be getting if you read the letter closely. Federal student loans, loans from state government or college, and private loans. These 3 must be paid back.
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If you dont complete the FAFSA, you wont be able to receive federal financial aid. You may also be ineligible for certain types of college scholarships and state aid. If you cant complete the FAFSA due to missing information or difficulty with the form, contact your college financial aid office for additional help.
If you intend to file the FAFSA when submitting your college applications, check the box. Not checking the box, but then filing for aid, will only create confusion for the admissions office. They may docHub out to you to clarify your intent, or they may simply consider you a full-pay family and not award aid.
Financial aid award letters will typically list the types of loans a student is eligible to receive, as well as the interest rates and repayment terms. Pay special attention to these details. Theyre critical.

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