You'll be notified of what you can borrow in the financial aid award letter from any school that accepts you. (nerdwallet.com)
After application, you will receive a financial aid award letter from your school either through email or mail. (usstudentloancenter.org)
If a student has to pay for tuition, or if they are going to be receiving a less favorable financial aid award package, they are less likely to attend that school. (cheapscholar.org)