Financial Aid Example: Anna
We know not all students and families have the exact same financial situation. That’s why we encourage you to read through all the examples in this section – you may find parts of several examples that resemble your situation.
A student with excellent high school preparation, Anna and her parents thought they would not qualify for any financial aid. In fact, Anna had resigned herself to considering only her state’s big public university.
Anna’s strong qualifications (an ACT of 33, a gpa of 3.9, and ranking in the top 5% of her high school class) made her a prime candidate for an academic scholarship. Anna knew she wanted to attend a college where she would be challenged academically but also receive mentoring and support from faculty advisors.
Financial Profile
Expected Family Contribution = $28,051
| Family Size: 4 (two in college, including Anna) Family Income: | $210,000 |
| Assets: | $80,000 |
|
Anna's Income: |
$2,000 |
| Anna's Assets: | $1,000 |
The Financial Aid Package
| Merit Scholarship: | $14,000 |
| Student Loan (interest not subsidized): | $2,625 |
| Student Employment: | $2,000 |
| Total Financial Aid: | $18,625 |
Anna’s total financial aid package of $18,625 made the Lutheran college she preferred a sound financial alternative to her Big State U.
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