Step 3: After You Apply for Financial Aid
Review your Student Aid Report (SAR)
Your SAR is a report that summarizes the information you submit on your FAFSA. It contains the expected family contribution (EFC) that you or your family is considered capable of contributing to educational expenses. Your SAR includes important information about the status of your application (such as missing information and/or missing signatures) that must be completed.
- You should receive your SAR three to five days after filing your FAFSA electronically.
- If you find any mistakes or information that needs to be updated, follow the instructions on your SAR to make corrections.
Review Your Award Letter from Drexel
Review your award letter when you receive it in the mail. There are several factors that are weighed when creating financial aid awards — find out more: How Your Financial Need Is Determined.
- New undergraduate students will begin to receive their award letters in late February.
- New graduate students will begin to receive their award letters in March.
- Continuing students will receive their award letters in July.
Students may also also view financial aid awards online:
Be sure to keep your financial aid award letter (and any revised award letters) for your own records. You should also keep a copy of all documents that you submit to the Drexel Financial Aid Office.
- Advise the Student Resource Center/Financial Aid Office immediately if you receive a financial aid award from any other source. A change in your resources may affect your financial aid package.