Students will know how much aid they will be getting once they receive an award letter from the college.
Step-by-step explanation:
Students can get financial aid by following these steps:
1) The student should complete the "Free Application for Federal Student Aid or FAFSA", this step is very important.
2) Review the Student Aid Report or SAR sent by the Education Department because it includes the Expected Family Contribution or EFC of the student.
3) All schools/colleges listed in the program will receive the SAR copy and will send the student an AWARD LETTER which will list all the grants and scholarships they can offer to the student.
4) Maximize the grants before applying for student loans.
5) Compare student loans Federal as well as Private.