HESC Introduces College Financial Aid Award Letter Comparison Tool

From NYS Higher Education Services Corporation:

With college applications behind them, the students you assisted during New York’s inaugural College Application Week are beginning to receive their college acceptance letters.

The next step in the process is for students and families to review their financial aid award letters and choose a college to attend in the fall. You can continue to offer guidance with HESC’s College Financial Aid Award Letter Comparison Tool to help students and families interpret their college financial aid award letters and get the bottom line cost of each college before making their final decision.

Without a full understanding of the total costs, including which aid is grants that don’t have to be paid back and which are student loans, it may be difficult to choose the best college at an affordable price for the family.

The tool allows students and families to see side-by-side comparisons, highlights net costs and estimates the full two or four-year cost of each college.

If student loans are offered, the bottom line report will also recommend the potential income needed to comfortably pay student loans after graduation based on an occupation chosen by the user. HESC uses current data from the U.S. Bureau of Labor Statistics Occupational Outlook Handbook to provide median salary estimates for the selected occupation.

No personal data is collected or saved.

Click here for a poster you can print and display in your counseling office and at other locations at school to let your students and families know how this important tool can help them make an informed decision about their college choice.

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