Comparing financial aid packages – worksheet

Each school that accepts you for admission will send you the results of their review via mail or email. This is called a financial aid package. It’s a letter that lists how much of each type of financial aid you’re eligible to receive. This list may include federal loans, grants, scholarships, and work-study programs.

Review and closely compare the financial aid award letters you receive. This can be a confusing process because different schools use different formats and terminology. Use the worksheet below to help you make a clear comparison.

School A School B School C
Cost of Attendance (COA)
Minus your Expected
Family Contribution (EFC)
Financial aid eligibility
Financial Aid Package:
Pell Grant
State Grant
Institutional Grant
Work-Study
Perkins Loan
Stafford Loan
Total Aid
Amount not covered by aid
(in addition to EFC)