Accepting financial offer and Master Prom Note etc

Paying for College
1

Hi

DD was offered some need-based aids by several colleges, in the portal, they asked whether we accept the award.
We are providing the documents, As much as I think we have entered FAFSA correctly, but I am concerned that they may change the calculation, say depends on the assets. I know we are supposed to commit to only one college, but can we work on providing documents to all colleges? or do we accept the award now (from all colleges)? or wait until after May 1 ?

2

For the loans, you do not have to commit to them until much later in the summer. They won’t go away. For other aid, you can accept it now. Most schools auto accept for you the ‘free’ money, their own grants, Pell, SEOG, any state grants. If you do end up going to that school, not a problem, they just cancel it all.