Financial Aid Friday’s Week 3 – Understanding Your Financial Aid Award Letter

Understanding Your Financial Aid Award Letter

It is very important to fully understand your award letter and know your options.

Things to consider

  • What is your annual cost of attending school?
    • Tuition, Fees, Living Expenses, Books, Travel, Childcare, etc.
  • What are the types of aid that you are being offered?
    • Free Aid – Federal Grants, State Grants, Scholarships
    • Loans – Federal Subsidized and Unsubsidized Loans
  • What is Work Study?
    • Is Work Study guaranteed?
    • What types of jobs are available?
    • Will work study work for me and my schedule (and my family)?

After you Review – What if it is not enough?

Reach out to your METS Advisor for guidance!

They can help direct you to potential scholarships and training programs that may be able to help. Has your (family’s) financial situation changed since 2021? It is important to inform your school of any financial changes in your family. Your advisor can also help with your Request for Professional Judgement and Review of your Award.

Remember you are not alone – Reach out your METS Advisor – Get Help, Ask Questions, and Follow up!

Financial Aid Friday Week Two – Know Your Deadlines!

The Deadline for Federal Aid for 2023-24 is June 30, 2024.

Know Your Deadlines:

  1. Did you know each school sets its own deadline for filing your FAFSA, and State Grants and Aid may have different deadlines from school deadlines?
  2. To be considered for the maximum amount of need-based aid you MUST file before the deadlines!
  3. If selected for Financial Aid Verification – you will need to provide the required documentation to the school by the deadline. If not, it could jeopardize your eligibility for aid.

Don’t Wait, Don’t be Late – Reach out to your METS Advisor now! – Get help, ask questions, follow up!

Financial Aid Friday Week One – Key Tips

Financial Aid can be overwhelming. Each Friday this month, we will be posting Financial Aid tips to help answer some commonly asked questions.

Key Tips:

  1.  Apply Early – Your FAFSA can be filed beginning October 1st. If you haven’t done it yet, there is still time, but the sooner you submit the better!
  2. Apply Online using your FSA ID
  3. Use the IRS Data Retrieval Tool
  4. Print your Student Aid Report
  5. Make Corrections if needed.

You are not alone – If you have questions, reach out to your METS advisor!