College Access Foundation and CaliforniaColleges.edu Launch New


California Financial Aid Award Comparison Tool


April 16, 2012 – The College Access Foundation of California is pleased to announce the launch of a new Financial Aid Award Comparison Tool.   The user-friendly tool allows California students to compare their financial aid packages from colleges and universities across the state.
 
Based on grantee suggestions, the Foundation invested in this tool to help students assess California-specific aid packages which often include Cal Grants and institutional awards from the UC and CSU systems.
 
What is the Financial Aid Award Comparison Tool?
Developed in partnership with CaliforniaColleges.edu, and with input from our grantees, this tool gives students a summary of their remaining unmet need and helps them compare the ratios of “free aid” (including Cal Grants and institutional awards) to “loan aid” between different financial aid offers. The tool also connects students to a repayment calculator that provides valuable information about loan repayment options.

Students who create a free account on CaliforniaColleges.edu can compare up to six financial aid packages at a time.  They can also save or print their comparison worksheets for quick reference.  
 
Start Using the Tool.
To access the tool, students should visit www.californiacolleges.edu and complete the following steps:
  1. Click “Finance” then “Compare Financial Aid Awards
  2. Select the California college or university from the drop down menu (the total cost of attendance will auto-populate)
  3. Enter the information from the award letters
  4. Scroll to the bottom of the page and click “Save Worksheets and Compare Awards
We encourage you to share this message with anyone who may find it useful in their financial aid decision process.  If you have questions or suggestions for how we might improve the tool, please contact Michael Burton at mburton@aiccu.edu.

About the College Access Foundation of California
Established in 2005 with assets from the sale of the nonprofit student loan company Chela Education Financing, Inc., The College Access Foundation of California is a private foundation committed to increasing the number of low-income students who attend and complete college across the state.  The Foundation’s funding supports programs and organizations that offer college scholarships, financial aid advising, and specialized support services to low-income and historically underrepresented student populations in California.  To learn more about the Foundation’s work, visit www.collegeaccessfoundation.org.