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Financial Aid Office P O Box 14007 Salem, or 9730 Form

Financial Aid Office P O Box 14007 Salem, or 9730 Form

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Ok. You’ve got your financial aid letter and there’s a lot to take in. And you may not know what it all means. Each college presents their financial aid a little differently. The most important thing to focus on is the net cost. This is what you’ll actually have to pay. So to figure out net cost you start with the total cost of attendance, which includes everything from tuition, housing, books, food, transportation and personal expenses. Then you subtract out all of your scholarships and grants. This is free aid that you don’t have to pay back. This number is your net cost and the actual amount your parents should prepare to pay. And you can use loans and work study to do this. Once you know a school’s net cost, you can then compare the financial aid offerings from other universities. At UC, we have the financial aid shopping sheet. This gives you financial aid information in a consistent format and calculates the net cost. Many other colleges and universities use it too. So

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