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Link Alert: Do You Know About the New Financial Aid Shopping Sheet?

August 14, 2012

A Dear Colleague Letter (GEN-12-12) from July 25, 2012, announced the Financial Aid Shopping Sheet (Shopping Sheet) format, and FSA is requesting institutional commitment to use this format.

FSA requests institutions adopt the attached Shopping Sheet format to deliver financial aid offer information to students beginning with the 2013-14 award year.  The Secretary of Education released the Shopping Sheet on July 24, 2012 and requested college presidents to voluntarily adopt it.

The Shopping Sheet was created as directed by Section 484 of the Higher Education Opportunity Act (Public Law 110-315) to serve as a model format for financial aid award letters.  It was developed in cooperation with the Consumer Financial Protection Bureau.  The development of this form is described on the Model Financial Aid Offer Form Web page.  FSA is in discussion with financial aid software providers regarding the development of software to help schools deliver the Shopping Sheet.

FSA recommends schools use the Shopping Sheet, and ask that, if you do so, you confirm your intention to use the Shopping Sheet format by e-mailing ShoppingSheet@ed.gov with your institutional name and your institution’s Office of Postsecondary Education Identification Number.

The Shopping Sheet will also help those institutions that receive Federal funds under the military and veterans educational benefits programs to meet a disclosure responsibility that will arise as a consequence of Executive Order 13607.  The Order directs the Departments of Defense and Veterans Affairs to require those institutions to provide each of their prospective veteran and service member students with a personalized and standardized form describing the cost of the educational program and the amount of that cost that may be covered by available Federal education benefits and financial aid.  The Shopping Sheet provides this kind of information.

You may direct any questions about the Shopping Sheet to ShoppingSheet@ed.gov.

Attachments/Enclosures:

Shopping Sheet in PDF format, 589KB, 1 Page

GEN-12-12: Financial Aid Shopping Sheet for 2013-14 in PDF format, 920KB, 3 Pages

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