How to Break the Financial Aid Award Letter Code

Offer letters aren’t the only type of mail and email arriving at the homes of college-bound teens this spring. Students are also receiving the cryptic financial aid award letter from colleges where they have been offered admission. While it’s easy to understand whether or not a student was offered admission, it’s a little trickier to figure out your total out-of-pocket-cost at each institution.

To break the financial aid award letter code, Sallie Mae — the nation’s saving, planning, and paying for college company — recommends the following tips in the infographic below. See SallieMae.com/AwardLetters for more information about paying for college.

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