Financial Aid Example: Benjamin

Having been privately educated for most of his life, Benjamin’s family knew the value that a Lutheran college could possess. They recognized the benefits of smaller class size and a highly educated faculty.

After all, that’s why they had Ben enrolled at a private high school in Connecticut, where he earned a GPA of 2.6 and had SAT’s of 1140. Unfortunately, years of paying private tuition costs had completely depleted the family resources. If a Lutheran college was going to become a reality, financial aid would have to be a necessity for Benjamin.

Financial Profile

Expected Family Contribution = $5,317

Family Size: 4 (one in college)
Family Income: (Dad Unemployed)
$52,000
Assets: less than $500

The Financial Aid Package

College Grant: $6,000
College Supplemental Grant: $6,290
Educational Loans: $4,125
Total financial aid: $16,315

All together, Ben was offered a financial aid package of $16,315 that discounted tuition, room and board and fees by over 57%.

Independent 529 Plan Thrivent Financial Lutheran Church Missouri Synod Evangelical Lutheran Church of America Academic Vocations