Financial Aid Example: Tim
Tim grew up just minutes from a Lutheran college campus, and attending that college had always been in his mind. How could the campus not be, seeing as it was just minutes from his home and high school? In a city of only 25,000 people, the 45 building campus was a focal point he encountered everyday.
He had worked hard at high school earning at GPA of 3.58 and SAT’s of 1060 to make sure that he would be admissible. Tim was interested in continuing to live at home and commuting to campus each day.
Financial Profile
Expected Family Contribution = $8,390
| Family Size: 6 (2 in college) Family Income: (one income) |
$86,000 |
| Assets | none |
The Financial Aid Package
| College Grant: | $4,800 |
| State Scholarship Award: | $2,700 |
| Local Resident Scholarship Grant: | $1,000 |
| First Generation College Student Grant: | $2,000 |
| College Supplemental Grant: | $4,590 |
| Educational Loans: | $4,125 |
| Total financial aid: | $19,215 |
Tim’s financial aid package of $19,215 meant that he could now attend a Lutheran college for less than $2,000 out -of-pocket costs.
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