Financial Aid Example: Katherine
When Katherine began her college search, she knew that she wanted to play college volleyball and get a first rate education. A Lutheran college fit perfectly. As a Division III member of its athletic conference, her college participates in a combination of 19 varsity sports including women’s volleyball.
The success of the volleyball program and the college’s academic reputation were the deciding factors for Katherine, not finances. Her GPA of 2.7 and SAT’s in the mid-1100’s put Katherine in the middle range of accepted students at the college she chose. Katherine’s parents were determined to allow her to choose based on her own terms.
Financial Profile
Expected Family Contribution = $37,152
| Family Size: 5 (one in college) Family Income: | $140,000 |
| Assets: | $56,000 |
The Financial Aid Package
| College Grant: | $2,500 |
| College Supplemental Grant: | $1,620 |
| Educational Loans: | $4,125 |
| Total financial aid: | $8,245 |
With a financial aid package of over $8,000, not only could Katherine now choose the college she wanted, but her parents felt satisfied about her choice as well.
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