Simple strategies to Use MyCAP’s Award Analyzer – Is Your Financial Help Provide Worth Fascinating? – College Help Skilled

Hey Seniors! Congrats on making it to the ultimate semester of highschool!  You’re almost achieved with this chapter and prepping for the next one- COLLEGE!

First congrats on getting into your faculties! YAY! That’s an unlimited accomplishment and should be celebrated.  Now lets try your financial help award letters and see in case you got the right deal in your preliminary affords, or in case you must enchantment any of your affords.

Create a MyCAP Account (for FREE!)

The only means to do this is through your MyCAP account.  Within the occasion you don’t have an account however, chances are you’ll organize a FREE account proper right here.  The free mannequin will will allow you to add 3 colleges to your dashboard and add financial help award letters from these three colleges.

In case you will have larger than three letters that you just simply wish to add and analyze, chances are you’ll enhance to one among our paid variations.

Using the Translate & Look at Perform  in your MyCAP Dashboard

1. Click on on on the Translate & Look at tab on the left hand side of your dashboard. You’ll notice this show.

2. Click on on on Add Provide and kind the determine of the faculty whose financial help award letter you want to add into the sector.

3. That’s the subsequent show that will pop up.  It is asking you so as to add your award letter.  Remember to have your letter saved as a pdf, jpg, or png file. Click on on Select file and add your financial help award letter out of your computer.

With out this add we are going to’t analyze your financial help award letter!

4. While you add your letter, you’ll discover the file uploaded to your profile and blue subject beneath it says Translate Provide Letter.

5. Click on on on the Blue Translate Provide Letter and you’ll discover this show whereas your letter interprets.

6. As quickly because the interpretation is full you’ll discover one among two show selections.

This show displays that you just simply had a worthwhile add.  Our software program program experience was ready to be taught the numbers and translate them.  Be at liberty to on a regular basis double confirm that the numbers had been inputted appropriately by evaluating what’s in your provide letter to the numbers listed on the show.  You presumably can go in and manually edit these.

If our software program program experience was not ready to translate your uploaded letter, you’ll discover the following show. No should stress though- you might need two selections.  First, in the event you want to finish this correct now, shut this show and chances are you’ll manually enter all the information out of your award letter into the appropriate courses on the Translate & Look at net web page.

You’ll want to guarantee now now we have the correct Worth of Attendance listed; if not exchange that to what your award letter states.  Then enter any need-based grants, or merit-based scholarships the faculty has awarded you. Enter any Backed or Unsubsidized mortgage portions the faculty has supplied. Lastly save your show.

Within the occasion you don’t want to manually enter the information, anyone from the MyCAP crew will consider your award letter and exchange your Translate & Look at show to match your award letter and notify you by e-mail after they’ve achieved the consider.

As quickly as this step is full you’ll discover your faculty is uploaded into the Translate & Look at tab.  You’ll notice  your remaining worth for the upcoming faculty 12 months in daring numbers.  That’s amount relies in your financial help award letter that you just simply merely uploaded. Subsequent step – the Contemplate & Enchantment tab.

Evaluating Your Uploaded Provide

Sooner than our award analyzer can effectively take into account your provide you need to simply be certain you will have:

1. Added the faculty to your Dashboard beneath the Retailer for Faculties tab
2. Completed your profile to 100%

Within the occasion you haven’t achieved these, your award provide shouldn’t be going to be analyzed.

Should you click on on in your Contemplate & Enchantment tab, you will note your uploaded and translated award letter.

Proper right here you’ll discover the first amount that is in daring is the net worth for the upcoming 12 months in line with your financial help award letter.

The next amount is what our MyCAP software program program projected to be your net worth for the upcoming 12 months.

And finally, you’ll discover the excellence between these two numbers.  We moreover share some knowledge on why an enchantment may be warranted.

1. Amount Awarded
2. Methodology
3. Family Consideration
4. Distinctive Circumstances

All of these will rely in your explicit family situation and your award provide. You obtained’t primarily get all of these parts for each provide.

Lastly we’re going to let you already know your possibilities on an enchantment.

We hope this new perform helps you analyze your awards and actually really feel additional assured about transferring forward with an enchantment at positive colleges and why an enchantment may be warranted.