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Financial Aid Calculator: Evaluate Your Financial Aid Award

By Peterson's Staff updated on Tuesday, April 08, 2014

Trying to compare one financial aid award letter to another can be daunting and even a bit confusing. Peterson's makes it easier by allowing you to compare aid packages side-by-side in a financial aid calculator called the "Award Analyzer." With this tool, you can determine which school leaves you with the least unmet need.

You can get free access to this financial aid award tool through Peterson's StudentEdge.

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After you register for your free StudentEdge account or log in to your existing account, you can measure the true value of your financial aid package. For each school, you'll enter the costs, expected family contribution, and amount of financial aid you're receiving (separated by category).

The last line in the financial aid calculator is the most important. It calculates your unmet need for each school. This will help you cut through the differences in costs and aid awarded to see exactly how much you would still need to pay for each school.

Compare your financial aid letters today!

(StudentEdge registration will open in a new window. After you sign up, you'll be taken to the scholarships tab. Click on the Award Analyzer link to access the tool.)

Click here to get access to StudentEdge, a free college planning resource center

About the Author

Peterson's has more than 40 years of experience in higher education, and the expert staff members here are all ready to leverage their considerable knowledge and experience to help you succeed on your educational journey. We have the information, the know-how, and the tools -- now all we need is you!

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