Financial Aid Scenarios
Academics: GPA of 3.82 Sophomore year Dependent student.
Family: Lives with his single mother, who earns $6,301 a year, received $21,000 in Social Security disability benefits and $4400 in child support. Two in the family attend college.
Expected Family Contribution: $ 0
Financial Aid Package:
$4,310 |
|
500 |
|
3,902 |
|
3,500 |
|
2,850 |
Federal Work Study Employment (funds come in the form of a paycheck for hours worked) |
$15,062 |
Total Assistance |
-5,567 |
2008-2009 Estimated IU Southeast tuition, fees, and books (12 credit hours) |
$10,150 |
Credit Balance |
-5,460 |
2008 – 2009 Housing Rate for 2 bedroom/ 2 Bath Apartment Unit (9 month contract) |
$4,690 |
Credit Balance for Remaining Living Expenses |
Academics: GPA of 3.18 SAT score of 1140 Graduated with honors.
Family: Lives with two younger brothers, mother and step-father, who earn $18,000 a year and has $2000 in savings or investments.
Expected Family Contribution: $ 0
$4,310 |
|
4,282 |
|
208 |
|
1,000 |
|
1,500 |
|
1,000 |
IU Southeast Persistence Grant for First Generation Students |
$12,300 |
Total Assistance |
-5,567 |
2008-2009 Estimated IU Southeast tuition, fees, and books (12 credit hours) |
$6,733 |
Credit Balance |
-5,890 |
2008-2009 Housing Rate for 4 Bedroom/ 2 Bath Apartment Unit (9 month contract) |
$843 |
Credit Balance for Remaining Living Expenses |
Academics: GPA of 4.0 Athlete Junior year Independent student.
Family: Lives with spouse and two (2) children in Kentucky, who earn $58,000 and has $1,200 in assets. Two (2) in the family attend college.
Expected Family Contribution: $4176
Financial Aid Package:
$2,500 |
|
1,000 |
|
5,500 |
|
5,000 |
|
$14,000 |
Total Assistance |
-5,567 |
2008-2009 Estimated IU Southeast tuition, fees, and books (12 credit hours) |
$8,433 |
Credit Balance |
Academics: GPA of 2.9 First-year freshman Dependent student.
Family: Lives with parents and brother, who earn $62,000 and have $13,000 in assets.
Expected Family Contribution: $7252
Financial Aid Package:
$1,000 |
|
2,500 |
|
1,000 |
IU Southeast Persistence Grant for First Generation Students |
3,500 |
|
$8,000 |
Total Assistance |
-5,567 |
2008-2009 Estimated IU Southeast tuition, fees, and books (12 credit hours) |
$2,433 |
Credit Balance for Living Expenses |
-5,460 |
2008-2009 Housing Rate for 2 Bedroom/ 2 Bath Apartment Unit (9 month contract) |
(3,027) |
Remaining Balance Due After Financial Aid |
|
|
Virginia and her family can contact the Bursar’s Office to work out a payment plan for the remaining balance due, or they could talk to the financial aid office about Federal PLUS Loans or private educational loans. If Virginia's parents are denied a Federal PLUS Loan, Virginia would be eligible for additional Federal Stafford Unsubsidized loans.
Academics: 2.0 GPA SAT score of 900. Sophomore year Dependent student.
Family: Lives with her parents who have an adjusted gross income of $74,156 and have investments worth $7,200.
Expected Family Contribution: $15,535
4,500 |
|
$4,500 |
Total Assistance |
-5,567 |
2008-2009 Estimated IU Southeast tuition, fees, and books (12 credit hours) |
($1,067) |
Remaining balance due after financial aid |
-5,460 |
2008-2009 Housing Rate for 2 Bedroom/ 2 Bath Apartment Unit (9 month contract) |
(6,527) |
Remaining balance due after financial aid |
Bonnie’s parents can can contact the Bursar’s Office to work out a payment plan for the remaining balance due, or they could talk to the financial aid office about Federal PLUS Loans or private educational loans. If Bonnie's parents are denied a Federal PLUS Loan, Virginia would be eligible for additional Federal Stafford Unsubsidized loans.
Please note: All students filed their necessary FAFSA to determine their Expected Family Contribution (how much their family could reasonably be expected to contribute toward the cost of attendance for one year). All students submitted applications for scholarships by their deadlines. (State grant amounts are dependent upon the Indiana state budget and are subject to change.)
