Evaluate Financial Aid Reward Package (Step 3 of 5)

When you've received your school's Award Letter (containing information about your entire student financial aid package), take time to review it. Be sure to note all of the different components of your package, like federal student aid grants, loans, scholarships, work-study and Federal Stafford Loan eligibility.

Accepting Federal student aid

After you've decided what school - and what package - makes the most sense for you, accept the school's package in writing. Then, contact the schools you will decline in writing, by letter or email, to let them know that you will not be accepting their packages.