There is only one notification more significant than being accepted: the college financial aid award letter.
One of the first things to understand when assessing aid letters is the formula colleges use to come up with the expected family contribution.
While most schools outline baseline tuition and fees and room and board, some might not include "indirect expenses" such as textbooks, supplies, transportation and any other extras. For each school, list out all the costs, including personal expenses, before deducting grants or scholarships. In ordinary years, high school graduates miss out on billions in federal grants because they don't fill out the Free Application for Federal Student Aid, or FAFSA. Many families mistakenly assume theyAs of early March, only 42.7% of the high school class of 2023 had completed the FAFSA, according to the National College Attainment Network.
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