Financial Aid Package: $19,215---

Tim grew up just minutes from a Lutheran college campus, and attending that college had always been in his mind. How could the campus not be, seeing as it was just minutes from his home and high school? In a city of only 25,000 people, the 45 building campus was a focal point he encountered everyday.

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FINANCING INDEX:
HOW TO PAY FOR COLLEGE
WHEN DO FAMILIES APPLY?
THE APPLICATION PROCESS
WHAT DO PACKAGES INCLUDE?
SAMPLE AID PACKAGES:
Anna | Diana | Katherine
Benjamin | Dana | Tim
Eduardo | Alex | Maria | Peter
AID ESTIMATOR
HOW TO PAY YOUR SHARE
INDEPENDENT 529 PLAN
- INDEPENDENT 529 PLAN RESOURCES
OTHER RESOURCES

 

Sample Aid Packages - Dana

Dana wanted to attend a college away from home but not too far. It was just Dana and her mom since her parents divorced and she wanted to make sure she was close enough to her mom if she needed to check-in.

Just a 45-minute drive from home is her preferred Lutheran college, one at which her high school GPA of 3.7 and her SAT’s of 990 made her a definitely admissible candidate. It could not have been more perfect. The only obstacle she faced was financial.

Financial Profile: (Expected Family Contribution = $4,731)
Family Size: 2 (one in college) Family Income:
(out of PELL grant range)
$33,000
Assets: none
   
The Financial Aid Package:  
College Grant: $4,300
State Scholarship Award: $2,700
(Dana will graduate in the top 1/2 of her High School class)  
College County Award:
$1,000
(Dana will graduate from high school in the college’s county)  
Tuition Assistance Grant (TAG): $2,000
College Supplemental Grant: $4,250
Educational Loans: $4,125
Total financial aid: $18,275

All of these awards combined to an aid package of $18,275, bringing Dana’s balance down to a more reasonable figure, one she could easily manage with a combination of different payment options.

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