An award letter is typically made up of the following sections:
Within two weeks of receiving an award letter, you should inform your school whether you are accepting or declining the awards. You don't need to accept everything offered, but if you decline anything, the school typically will not replace it with other types of aid. Occasionally, Work-Study and loans are negotiable, but grants and scholarships are not.
If your or your parents' financial circumstances have changed since the completion of the FAFSA, it's very important to inform the financial aid office.
You are encouraged to explore all scholarship, grant and federal borrowing options before applying for a private loan.
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