Grants - Scholarships

Easy methods to Use MyCAP’s Award Analyzer – Is Your Monetary Assist Present Price Fascinating? – Faculty Assist Expert

Hey Seniors! Congrats on making it to the final word semester of highschool!  You’re nearly achieved with this chapter and prepping for the subsequent one- COLLEGE!

First congrats on stepping into your colleges! YAY! That’s an infinite accomplishment and ought to be celebrated.  Now lets attempt your monetary assist award letters and see in case you bought the fitting deal in your preliminary affords, or in case you have to enchantment any of your affords.

Create a MyCAP Account (for FREE!)

The one means to do that is thru your MyCAP account.  Throughout the event you don’t have an account nonetheless, chances are high you may set up a FREE account correct proper right here.  The free model will will help you add 3 schools to your dashboard and add monetary assist award letters from these three schools.

In case you should have bigger than three letters that you simply simply merely want to add and analyze, chances are high you may improve to 1 amongst our paid variations.

Utilizing the Translate & Take a look at Carry out  in your MyCAP Dashboard

1. Click on on on on the Translate & Take a look at tab on the left hand aspect of your dashboard. You may discover this present.

2. Click on on on on Add Present and sort the decide of the school whose monetary assist award letter you need to add into the sector.

3. That is the next present that can pop up.  It’s asking you in order so as to add your award letter.  Keep in mind to have your letter saved as a pdf, jpg, or png file. Click on on on Choose file and add your monetary assist award letter out of your pc.

With out this add we’re going to’t analyze your monetary assist award letter!

4. When you add your letter, you may uncover the file uploaded to your profile and blue topic beneath it says Translate Present Letter.

5. Click on on on on the Blue Translate Present Letter and you may uncover this present whereas your letter interprets.

6. As rapidly as a result of the interpretation is full you may uncover one amongst two present picks.

This present shows that you simply simply merely had a worthwhile add.  Our software program program program expertise was able to be taught the numbers and translate them.  Be at liberty to frequently double affirm that the numbers had been inputted appropriately by evaluating what’s in your present letter to the numbers listed on the present.  You presumably can go in and manually edit these.

If our software program program program expertise was not able to translate your uploaded letter, you may uncover the next present. No ought to stress though- you may want two picks.  First, within the occasion you need to end this appropriate now, shut this present and chances are high you may manually enter all the data out of your award letter into the suitable programs on the Translate & Take a look at internet net web page.

You’ll need to assure now now now we have the proper Price of Attendance listed; if not trade that to what your award letter states.  Then enter any need-based grants, or merit-based scholarships the school has awarded you. Enter any Backed or Unsubsidized mortgage parts the school has provided. Lastly save your present.

Throughout the event you don’t need to manually enter the data, anybody from the MyCAP crew will take into account your award letter and trade your Translate & Take a look at present to match your award letter and notify you by e-mail after they’ve achieved the take into account.

As rapidly as this step is full you may uncover your school is uploaded into the Translate & Take a look at tab.  You may discover  your remaining price for the upcoming school 12 months in daring numbers.  That is quantity depends in your monetary assist award letter that you simply simply merely merely uploaded. Subsequent step – the Ponder & Enchantment tab.

Evaluating Your Uploaded Present

Earlier than our award analyzer can successfully consider your present you should merely make sure you should have:

  1. Added the school to your Dashboard beneath the Retailer for Colleges tab
  2. Accomplished your profile to 100%


Throughout the event you haven’t achieved these, your award present should not be going to be analyzed.


Do you have to click on on on in your Ponder & Enchantment tab, you’ll observe your uploaded and translated award letter.


Correct proper right here you may uncover the primary quantity that’s in daring is the online price for the upcoming 12 months in keeping with your monetary assist award letter.

The following quantity is what our MyCAP software program program program projected to be your internet price for the upcoming 12 months.

And at last, you may uncover the excellence between these two numbers.  We furthermore share some information on why an enchantment could also be warranted.

  1. Quantity Awarded
  2. Methodology
  3. Household Consideration
  4. Distinctive Circumstances

All of those will rely in your specific household state of affairs and your award present. You obtained’t primarily get all of those elements for every present.

Lastly we will allow you to already know your potentialities on an enchantment.

We hope this new carry out helps you analyze your awards and truly actually really feel further assured about transferring ahead with an enchantment at optimistic schools and why an enchantment could also be warranted. 


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