When do schools award financial aid?

You will usually receive your award letter the moment you receive your admission decision (or a few days later). This will give you time to compare your options and make the best possible decision. If you haven't received your concession letter, you'll need to contact the university's financial aid office for more information. Most universities send offers of admission between the end of March and the beginning of April.

Your financial aid letter should arrive soon after and will include the types, amounts, and sources of financial aid you can receive during an academic year (your “financial aid package”). Once you receive your award letter, you can use an award card comparison tool to view your bids from one block to another. Problems with award letters: There is no standard format for award letters, making them difficult to interpret, compare and contrast.

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