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Sample Aid Packages - Eduardo
Eduardo will be the first in his family to go
to college – and his parents, sister and grandparents all want
to support him and make certain that he has a successful experience.
A solid student, with a GPA of 4.0 and an ACT of 25, Eduardo knew
that he would benefit greatly from the small class size and the
value driven program at a Lutheran college in his state.
His concern,
and that of his family, was how they could afford this investment
in Eduardo’s education. Working closely with the financial director
at the college, Eduardo and his parents were able to file the
right forms to maximize his eligibility for help from the college
and
from other sources. The result was that Eduardo is able to attend
his preferred Lutheran college for less than $4000 in annual
our of pocket costs.
| Financial
Profile: (Expected
Family Contribution = $1,307) |
Family Size: 4 (one
in college) Family Income:
|
$28,558 |
| Assets: |
$22,000 |
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| The Financial Aid
Package: |
|
| Merit Scholarship: |
$9,000 |
| Federal Pell Grant: |
$2,700 |
Supplemental Educational
Opportunity Grant:
(SEOG)
|
$1,700 |
Federal Perkins Loan:
|
$3,500 |
| Federal Interest Subsidized
Stafford Loan: |
$1,625 |
| Student Employment: |
$1,400 |
| Total financial aid: |
$19,925 |
College scholarships and federal grant programs, with student self-
help, created a financial aid package of almost $20,000- one
that made a Lutheran college a reality for Eduardo.
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