College Financial Planning

The U.S. Department of Education requests that interested offerors provide a technical and fixed-price quote to support The College Financing Plan in accordance with the attached Performance Work Statement (PWS). The College Financing Plan, formerly known as the Financial Aid Shopping Sheet, is a model aid award letter that participating institutions use to notify students about their financial aid package with a special focus on the net price a student is responsible for paying after subtracting grant aid. The 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. The College Financing Plan became available for use beginning in the 2013-2014 award year and has been modified several times since then, most recently in 2019 by Research Triangle Institute. The College Financing Plan also includes data regarding an institution’s graduation rate and information regarding median borrowing at the institution.