What do i do when i recieve my financial aid letter?

Question

do i have to notify the school or something?

Answer 1

If you declared your school on the actual FAFSA, then they receive the electronic information and will contact you. If you did not delcare that school on your FAFSA, then you will need to contact the school's financial aid department.

Answer 2

Usually you have to respond to the financial aid office as to what financial aid you are going to accept and what you are declining.  This does vary from school to school, so it might not be the case with yours.  There should have been a supplement with the award letter saying something like 'what do you do now?'  Make sure you read everything that came with the notification so that you don't end up losing something that was awarded to you.