Example Financial Aid Award Letter Template
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4Example Financial Aid Award Letter: 2 Year Public College
This is the average costs to attend the institution and typically includes tuitions,
Cost of Attendance: $14,000
books/supplies, room/board, travel expenses, and other miscellaneous expenses.
This is the amount of money that the family is expected to contribute to the
Expected Family Contribution: $0
student’s education, as determined by the FAFSA. Financial resources may
be used to cover the EFC and does not have to be an out-of-pocket expense.
The difference between the Cost of Attendance and the Expected Family Contribution is the student’s financial need,
and is used in determining the student’s eligibility for need-based financial aid.
Be sure to read over your entire Financial Aid Award Letter. Often there is important information in the paragraph
sections of the letter. This might include how to accept/decline your aid, requirements to maintain eligibility,
instructions for viewing your aid through your student portal, etc.
Grants
Fall
Spring
TOTAL
Federal Pell Grant
$2888
$2887
$5775
FREE Money!
Tuition Incentive Program
$1125
$1125
$2250
Federal Work-Study
$1000
$1000
$2000
Scholarships
FREE Money!
Fostering Futures Scholarship
$1500
$1500
$3000
Loans
Federal Subsidized Loan
$488
$487
$975
MUST Pay Back!
TOTAL $14,000
Grants: A type of financial aid based on financial need that the student does not have to pay back.
Federal Work Study: Provides part-time employment during the school year. The federal government pays a portion of
the student’s salary, making it less expensive for employers to hire students.
Scholarships: A form of financial aid to help pay for college. Scholarships are a form of gift aid and do not have to be
repaid.
Loans: A type of financial aid which must be repaid, with interest.
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Parent category: Letters