{"id":2249,"date":"2025-11-20T14:20:27","date_gmt":"2025-11-20T20:20:27","guid":{"rendered":"https:\/\/myredkite.com\/blog\/?p=2249"},"modified":"2025-11-20T14:20:28","modified_gmt":"2025-11-20T20:20:28","slug":"fafsa-submitted-what-to-expect-next","status":"publish","type":"post","link":"https:\/\/myredkite.com\/blog\/fafsa-submitted-what-to-expect-next\/","title":{"rendered":"FAFSA Submitted: What to Expect Next"},"content":{"rendered":"\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<p>The FAFSA is officially off your to-do list. Now let\u2019s talk about what comes next.<\/p>\n\n\n\n<p>For many parents, this is when the real questions start. Once your FAFSA is processed, the colleges your student applied to will begin sending financial aid offers. These letters can feel confusing or intimidating with all the numbers, terms, and fine print. But learning how to read them clearly can make a big difference in how you plan and pay for the upcoming year.<\/p>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\">Step 1: Understanding Your Financial Aid Offer<\/h4>\n\n\n\n<p>Each school uses your FAFSA information to create a customized financial aid offer (often called an \u201caward letter\u201d). This offer outlines the estimated cost of attending that college and what types of aid your student qualifies for.<\/p>\n\n\n\n<p>Let\u2019s look at this sample financial aid offer from \u201cOCAP University\u201d as an example.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"634\" height=\"821\" data-src=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2025\/11\/image.png\" alt=\"\" class=\"wp-image-2250 lazyload\" data-srcset=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2025\/11\/image.png 634w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2025\/11\/image-232x300.png 232w\" data-sizes=\"(max-width: 634px) 100vw, 634px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 634px; --smush-placeholder-aspect-ratio: 634\/821;\" \/><\/figure>\n\n\n\n<p>You\u2019ll notice it lists:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Estimated Annual Cost of Attendance (COA):<\/strong> tuition, fees, housing, meals, books, transportation, and other living expenses<\/li>\n\n\n\n<li><strong>Grants, Scholarships, and Work-Study:<\/strong> money that does <em>not<\/em> need to be repaid<\/li>\n\n\n\n<li><strong>Loans:<\/strong> borrowed funds that must be repaid with interest<\/li>\n\n\n\n<li><strong>Estimated Remaining Cost:<\/strong> what\u2019s left after all aid is applied<\/li>\n<\/ul>\n\n\n\n<p>In this student\u2019s example, the total cost of attendance is about <strong>$20,147<\/strong>. Her aid package covers most of it, leaving an estimated remaining cost of about <strong>$1,852<\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading\"><strong>Step 2: Understanding the Types of Aid<\/strong><br><\/h4>\n\n\n\n<p>Here&#8217;s a quick breakdown:<\/p>\n<\/div><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Grants:<\/strong> Need-based aid (like the Pell Grant) that you <em>don\u2019t<\/em> have to repay.<\/li>\n\n\n\n<li><strong>Scholarships:<\/strong> Merit-based (based on a student\u2019s achievements, like grades, test scores, talents, or leadership) or criteria-based awards (based on specific traits or circumstances, like major, hometown, background, or interests) from schools, other organizations, or Red Kite.<\/li>\n\n\n\n<li><strong>Work-Study:<\/strong> A part-time job (often on or near campus) that helps your student cover expenses.<\/li>\n\n\n\n<li><strong>Loans:<\/strong> Money borrowed by students or parents that <em>must<\/em> be repaid, usually with interest.<\/li>\n<\/ul>\n\n\n\n<p>Whenever possible, focus on <strong>grants and scholarships first<\/strong>, then <strong>work-study<\/strong>, and use <strong>loans<\/strong> only to fill any remaining gap.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<h4 class=\"wp-block-heading\">Step 3: Compare Offers Carefully<\/h4>\n\n\n\n<p>Depending on the college, the mix of aid can look very different. That\u2019s why it\u2019s important to compare offers side by side, especially if your student has applied to multiple schools. One college may have higher tuition but offer more scholarships; another might look cheaper upfront but include more loans.<\/p>\n\n\n\n<p>Ask yourself:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What\u2019s the <strong>total cost<\/strong> after grants and scholarships are applied?<\/li>\n\n\n\n<li>How much of the offer is <strong>loan-based aid<\/strong> (money that must be repaid)?<\/li>\n\n\n\n<li>Are there <strong>renewal conditions<\/strong> (like GPA, major, or credit-hour requirements)?<\/li>\n<\/ul>\n\n\n\n<p>A simple spreadsheet or comparison chart can make these differences much clearer, and Red Kite\u2019s parent planning resources can help you organize all of these details in one place.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 4: What if the Offer Doesn\u2019t Cover Enough?<\/h4>\n\n\n\n<p>If you\u2019re left with a gap (like in Jennifer\u2019s case: $1,852), don\u2019t panic. Parents still have several options:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Appeal the offer:<\/strong> If your financial situation has changed (job loss, medical expenses, divorce, etc.), contact the financial aid office and request a reevaluation. Be ready to share documentation.<\/li>\n\n\n\n<li><strong>Apply for additional scholarships:<\/strong> Many local, community-based, and private scholarships remain open throughout the year. Even a few smaller awards can add up and help close the gap.<\/li>\n\n\n\n<li><strong>Explore payment plans:<\/strong> Most colleges offer monthly or term-based payment plans that spread costs out over time instead of one large lump sum.<\/li>\n\n\n\n<li><strong>Consider Federal PLUS or private loans:<\/strong> If you still have a remaining gap, parent or private loans can help, but compare interest rates, fees, and repayment terms carefully before borrowing.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"600\" height=\"350\" data-src=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2025\/11\/November-After-FAFSA-blog.png\" alt=\"\" class=\"wp-image-2251 lazyload\" data-srcset=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2025\/11\/November-After-FAFSA-blog.png 600w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2025\/11\/November-After-FAFSA-blog-300x175.png 300w\" data-sizes=\"(max-width: 600px) 100vw, 600px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 600px; --smush-placeholder-aspect-ratio: 600\/350;\" \/><\/figure>\n\n\n\n<p><strong>The Bottom Line<\/strong><\/p>\n\n\n\n<p>Submitting the FAFSA is only the first step. Understanding what comes next helps you make confident, informed decisions about your student\u2019s future. Remember, a financial aid offer isn\u2019t set in stone. With the right information and a bit of strategy you can make sure no aid opportunity goes untapped.<\/p>\n\n\n\n<p>In this week\u2019s Parent Resource Newsletter, we\u2019ll walk you through how to read each section of a financial aid offer, compare multiple colleges side by side, and explore creative ways to cover any remaining gap. Parents, check your inboxes soon!<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The FAFSA is officially off your to-do list. Now let\u2019s talk about what comes next. For many parents, this is when the real questions start. Once your FAFSA is processed,&hellip;<\/p>\n","protected":false},"author":2,"featured_media":2252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156,18,3,4,12],"tags":[161,59,257,183,246],"class_list":["post-2249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-college-application","category-fafsa","category-federal-aid","category-financial-aid","category-preparing-for-college","tag-after-the-fafsa","tag-fafsa","tag-financial-aid-offer","tag-money-for-college","tag-understanding-financial-aid"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FAFSA Submitted: What to Expect Next - Red Kite Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myredkite.com\/blog\/fafsa-submitted-what-to-expect-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAFSA Submitted: What to Expect Next - Red Kite Blog\" \/>\n<meta property=\"og:description\" content=\"The FAFSA is officially off your to-do list. 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