Award letter glossary
Every confusing line on your letter, in plain English — starting with the one question that matters most: do you have to pay it back?
Decode your award letter — free
Decode my letter- Gift aidWhat is gift aid — and why is it the only thing that lowers your price?
- Net priceWhat is net price — and why isn't it the number on the letter?
- Cost of attendance (COA)What is cost of attendance (COA)?
- Subsidized vs. unsubsidized loansSubsidized vs. unsubsidized loan: what's the difference — and do you repay them?
- Parent PLUS loanWhat is a Parent PLUS loan — and is it money you were given?
- Work-studyIs work-study financial aid you can count on?
- EFC / SAIWhat is EFC / SAI on your award letter?