What do you understand by an award letter?
An Award Letter is simply a backup-of-prove document. Sent from a college or university to the student. Detailing how much financial support available for the student’s eligibility. This sent after the student’s submission of the Free Application. For Federal Student Aid (FAFSA). And application to attend college or university.
IMPORTANCE OF AWARD LETTER
Firstly, this is what grants permission. To know the available college budget. also, In line with the financing. Furthermore, this helps families to understand their budget for college expenses. In addition, It states the type. And the amount of financial aid offered to the student. Inclusively grants such as Pell Grants. And Federal Supplemental Educational Opportunity Grants. Loans such as federal loans (Stafford and Perkins loans). scholarships, and any opportunity of work-and-study eligibility.
Also, it deals in response to the upcoming school year. Now students should not make the mistake. Of not notifying the selected school. Of how much of the reward will be accepted. After they have received theirs.