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Using the Font menu or the Formatting toolbar to change a font size is fine if you only need to make a couple of font size changes in your Word document. But, if you're trying out different font sizes to see which one looks best, keyboard shortcuts can make resizing text a little less cumbersome.
For example, pressing [Ctrl][Shift]P moves your cursor to the font size box in the standard toolbar. Then, you can then press the up arrow or down arrow keys to cycle through the available font sizes, and press [Enter] when you reach the font size you want.
If you already know what size you want your font to be, you can type the font size in the Size list box before pressing [Enter]. You can specify a size as small as 1 point or as large as 1638 points. You can even enter half-point sizes, such as 15.5.
If you just want to cycle through the available sizes without moving the cursor to the toolbar, press [Ctrl][Shift]> to increase the font to the next larger size in the Size list box. Similarly, pressing [Ctrl][Shift]< decreases the font to the next smaller size. If you wish to enlarge the font by one-point increments, press [Ctrl]]. To reduce the font by one-point increments, press [Ctrl][.