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How to read a financial aid offer

A financial aid offer mixes grants, loans and work-study, and the headline number can mislead. Learn what to compare so you can see the real cost per year.

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Common questions

What is the difference between grants and loans?

Grants and most scholarships do not need repaying. Loans do, usually with interest. Compare them separately.

What should I compare between schools?

Total cost of attendance, grant money, the loan amount and what you would owe each year after aid.

Is this financial advice?

No. This is general information. Ask the school's financial aid office about your own offer.

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