Way to go, seniors! You've been accepted to a college or two and are most likely starting to receive your financial aid packages, also known as Award Letters or Award Notifications. Now what? What do all of these numbers mean? While it's a great accomplishment to get accepted into the college(s) of your choice, you must now understand the financial aid which will help you and your family afford tuition. In most cases, you will make your decision about where you will attend college by May 1 (and usually, make a required deposit!).