Financial Aid "Shopping Sheet"
Development of the Financial Aid Shopping Sheet
The Higher Education Opportunity Act (HEOA) of 2008 focused attention on communicating aid offers to prospective students with the goal of helping families make informed decisions about college. The HEOA also required the Department of Education to develop and distribute a model aid offer format to institutions. The legislation and conference report language give additional details.
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. Schools, like Loyola, who have committed to participating in the Department of Education/ Department of Veterans Affairs ' Principles of Excellence Program will begin using this form during the 2013-2014 academic year.
- 2013-2014 Shopping Sheet- Loyola university New Orleans (1 page front AND back;
- Prepared Remarks by The Direcot of the Consumer Financial Protection Bureau supporting the need for the shopping sheet
- Homepage for the Shopping Sheet on the Department of Education's Website
- Other Mandatory Consumer Disclosures
Updated March 30, 2013