What is a finical aid shopping sheet?

The Shopping Sheet provides a standardized award letter allowing students to easily compare financial aid packages and make informed decisions on where to attend college. Students and their families now have a clear, concise way to see the cost of a particular school.

The Financial Aid Shopping Sheet (PDF) is a consumer tool that participating institutions will use to notify students about their financial aid package. It is a standardized form that is designed to simplify the information that prospective students receive about costs and financial aid so that they can easily compare institutions and make informed decisions about where to attend school. The Shopping Sheet will be available for use beginning in the 2013-2014 award year.

In July 2012, the Obama Administration unveiled the 2013-14 version of the Shopping Sheet. At the same time, Education Secretary Arne Duncan published an open letter to college and university presidents asking institutions to adopt the Shopping Sheet for use during the 2013-14 school year. As of July 2013, over 750 institutions have voluntarily adopted the Shopping Sheet, representing institutions nationwide from all sectors of higher education.

Institutions may contact ShoppingSheet@ed.gov to indicate their commitment to use the Shopping Sheet. Students, parents, and institutions may also direct questions about the Shopping Sheet to that e-mail address.

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