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Alternative Student Loans - If other forms of financial aid are exhausted, such as scholarships and grants, then you can use loans to cover the remainderâ¦ Read more here! The ABCâs of Financial Aid - Academic Year- a time period of at least 30 weeks of class time. During this time a student is expectedâ¦ Read more here!
Advertisement After you submit your application for financial aid, you will receive a financial aid award letter from the college(s) to which you applied, typically in early to mid-April.This letter spells out the details of your financial aid package. financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay, your expected family contribution or EFC, and college costs, or the cost of attendance or COA.