<p>Can you guys please give me some information.
When will ED applicants get to know about their financial aid award? Will they be informed along with the acceptance letter on December 15?
Im asking this because Ill be filling the FAFSA only after January 1. So how is the University supposed to inform the student about his/her financial reward earlier than Jan 1 without knowing the amount of Federal Aid the student will be receiving?
Thanx for any reply.</p>
<p>Any FA award is an anticipated, estimated award only. The award will not be finalized until you submit your 2007 taxes and your FAFSA and PROFILE (or other required FA documentation) reflect the final income numbers. </p>
<p>Based on all the information in your PROFILE, they'll estimate the amount of Federal loans they think you'll be eligible for.</p>
<p>thanks for the info.
how many days after receiving his/her ED acceptance letter will the student get to know about the estimated financial package? Or does he/she get informed through the acceptance letter itself?</p>
<p>That depends on the specific school. Some send it all at once, some send it a week or so later.</p>