The college award letter can be TERRIBLY confusing! I'd love to help you navigate exactly what it means if you and your parents need any assistance. Remember, federal loans are NOT free aid, although they are often lumped into financial aid categories.
This tool is really neat to use as a comparison when you get your letter! Some schools offer TONS of financial aid but may still be more expensive in the long run. When you get it narrowed down to two options you can use this tool to compare total cost.
Let me know if you have any questions!