18 Apr College Financial Awards – Understanding and Comparing Awards
Congratulations to your child on his/her college acceptances! Now you and your child can begin to look at his/her college financial aid/awards. Be sure you understand the terms for each type of financial aid because colleges do not always use the same language for each type of aid.
National Public Radio (NPR) produced a special series called, The Changing Face of College. Elissa Nadworny of NPR reports on college financial aid in this series. She explains each financial aid term in her article, “How to Calculate the Cost of College: Guide to Financial Aid Terms.”
She also provides a link to a google spread sheet, Award Letter Analyzer. The spread sheet can be downloaded. Parents and students can use it to compare their college financial aid offers.