Financial Aid Example: Peter
During high school, Peter was a good student – but not a great one. With a GPA of 3.11 he wasn’t at the top of his class – and he worried that he would not be able to afford the Lutheran university that was his first choice.
Active in his congregation, Peter hoped that kind of service and action would be recognized and rewarded by his the Lutheran university in his home state. The financial aid package he received, which included scholarship recognition of his church commitments as well as a state grant, made it possible for Peter to attend his first choice university.
Financial Profile
Expected Family Contribution = $8,779
| Family Size: 2 (one in college) Family Income: (out of PELL grant range) |
$78,946 |
| Assets: | $10,000 |
The Financial Aid Package
| University Merit Scholarship: | $4,500 |
| Lutheran Heritage Scholarship: | $1,000 |
| University Grant: | $2,500 |
| State Grant: | $1,244 |
| Student Loans: | $5,500 |
| PLUS Loan: | $4,000 |
| Total financial aid: | $18,744 |
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