Financial Aid Example: Diana

Diana, a very strong student with SAT’s in the mid-1300’s and a GPA of 3.99, grew up in a very religious home. Her mother was a member of the clergy and Diana knew that wherever she attended college, a religious atmosphere would have to be available.

A Lutheran college fit perfectly into Diana’s vision of college life. She was excited about the prospect of discussing religious beliefs in a safe and supportive environment. The only problem Diana’s family of six faced had to do with financial aid.

Financial Profile

Expected Family Contribution = $9,648

Family Size: 6 (one in college) Family Income: $40,000
Assets $190,000

The Financial Aid Package

College Grant: $6,300
State Scholarship Award: $2,700
Tuition Assistance Grant: $2,000
Academic Scholarship:
(Diana applied, was accepted and won this scholarship through her college’s prestigious scholarship program)
$2,500
Honors Scholarship:
(Diana applied and was accepted into the Honors Program on campus)
$2,000
College Music Scholarship:
(Diana was granted a highly competitive music audition where her talent was rewarded with this scholarship)
$500
College Supplemental Grant: $2,120
Educational Loans: $4,125
Total financial aid: $22,245
Independent 529 Plan Thrivent Financial Lutheran Church Missouri Synod Evangelical Lutheran Church of America Academic Vocations