Definitions for "Financial aid package"
Your financial aid package consists of the total amount of financial aid you receive. Your package may contain federal grants, loans and work-study, State scholarships or grants, and scholarships, grants or loans from your college.
Awards from a combination of two or more financial aid programs (e.g., grants + work + loans = package).
A financial aid award to a student comprised of a combination of forms of financial aid (loans, grants and/or scholarships, employment). Students are customarily notified of their aid package by receiving an award letter.