Figuring out how to fund your college education can feel overwhelming, but there are many resources and tools to help you. Some initial questions to ask as you start planning include:
What does it cost to attend? Once you have narrowed down your list of colleges, start researching the cost of attendance at your top choices. For a breakdown of the costs of attending colleges in Oregon, click here. Then, try this fun simulation to see how your choices before and during college translate into costs.
How much do you have saved? How much money do you personally have saved for college? Do your parents or other family members have money saved for your education?
What kind of financial aid is available? Click here for more information about the types of aid that may be available to you and how to apply for it.
Comparing Financial Aid Award Letters
Once you've been accepted to a college, they will send you a letter detailing your total financial aid package, including the federal aid that is available to you. Here are some resources to help you make sense of your award letter:
For an in-depth explanation of how to understand financial aid letters, visit this post by College Essay Guy.Â
Your Financial Path to Graduation - An online tool from the Consumer Financial Protection Bureau to help you understand your financial aid offer(s), compare different schools' offers, and estimate your costs to attend college.
Compare Costs and Financial Aid - A Google Sheet template from Oregon Goes to College to help you compare offers from multiple schools.
Financial Aid Appeal Letter
If your financial circumstances have changed since you applied for financial aid, or if cost remains a significant obstacle to accepting an admissions offer, you can appeal your financial aid award directly to the college. Visit this page for key steps you can take to make an appeal and use this free tool to compose your appeal letter.