When you apply for financial aid for college, you will probably be given an award letter. This is a document which details how much money you will be given toward the cost of college. However, there are different components to the award letter, and you should be aware of how they will affect you.

The best thing in your award letter is the scholarships. These are given based on merit. For instance, an athletic scholarship is given to a football or cross country star who agrees to play on the school’s sports teams. At Division I schools, athletic scholarships cover tuition and fees, room, board, and books. The student basically only has to pay for his or her toothpaste.

Among the many fields where grants are provided, Education is one of the top fields where these types of medical grants are awarded. These grants are very competitive, and very scarce, and usually are for research related areas of medical study.