Comparing Financial Aid Award Offers

Once you receive multiple college acceptances, get ready to Level Up your decision-making skills! Comparing financial aid award offers is a crucial part of the decision process that will help you find the perfect match for your college journey.

Financial aid award offers can vary greatly from one college to another, so understanding the true cost of attending each college or university is essential. Consider the following when comparing financial aid award offers:

• Tuition and Fees: Evaluate the tuition and fees charged by each college for the academic year.
• Housing and Food: Take into account the cost of on-campus or off-campus housing, as well as meal plans or other food expenses.
• Books and Supplies: Consider the estimated expenses for textbooks, supplies and other course materials.
• Transportation: Assess the potential costs of commuting to and from campus or traveling during breaks.
• Miscellaneous/Personal Expenses: Factor in personal expenses, such as clothing, toiletries, entertainment and other miscellaneous costs.
• Scholarships and Grants: Review the scholarships and grants offered by each college, which can significantly reduce your out-of-pocket expenses.
• Work-Study Opportunities: Explore the availability of work-study programs that allow you to earn money while studying.
• Federal Student Loans: Understand the terms and conditions of any federal student loans offered to you, including interest rates and repayment options.

By carefully examining the financial aid award offers and understanding the true Cost of Attendance, you can make an informed decision about which school aligns with your financial circumstances and will provide the best value for your education.

For the ultimate guide on federal student aid and mastering the financial management of college, head to Federal Student Aid. Level up your knowledge with their comprehensive resources, designed to help you navigate the financial aspects of attending college like a pro. Remember, comparing financial aid offers is an important step in choosing the college that fits your needs and financial situation.

Resources:

Level Up Virginia Cost Comparison Calculator 

Use our Cost Comparison Calculator and your financial aid offers to compare the final costs of attendance by school and by year. Choose from the following formats:

• Google Sheets - The link will automatically make a copy to use in Google Sheets.
• Excel
• PDF - Requires manual calculating.