Financial Aid Example: Maria
Maria’s high school career had been a good balance of activities, community service and academics. Her Act of 25, class rank (at the 90%) and GPA of 3.45 she knew were good – but most likely not high enough to win a complete academic scholarship.
It was very important for Maria to continue her education at a college where she could continue her commitment to extra-curricular activities and community service – while receiving a strong academic education as well. Maria was sure that the Lutheran college that was her first choice met all her criteria – but was worried about the cost of the program.
Her parents’ income was limited. Maria’ community service activities were rewarded by a merit scholarship from the college and a scholarship from a community agency as well. Coupled with additional aid from the college, Maria found that she was able to manage the investment in her education.
Financial Profile
Expected Family Contribution = $86
| Family Size: 4 (one in college) Family Income: | $19,185 |
| Assets: | $2,100 |
The Financial Aid Package:
| College Merit Scholarship: | $5,600 |
| Outside Service Scholarship: | $1,000 |
| Federal Pell Grant: | $4,000 |
| Supplemental Educational Opportunity Grant: (SEOG) | $1,300 |
| Student Loans: | $5,825 |
| Student Employment: | $1,400 |
| Total financial aid: | $19,125 |
Maria’s total financial aid package of more than $19,000 made her dream a reality.
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