SCHOOL CODE:  001817

Financial Aid Scenarios

Student 1 - Daren

Academics: GPA of 3.13 Junior year Dependent student.
Family: Lives with his mother and father who earns $28,117 a year, and two in the family attend college.
Expected Family Contribution: $ 0
Financial Aid Package:

$5,550

Federal Pell Grant

500

Federal SEOG Grant

1,318

SSACI Frank O'Bannon Grant

5,500

Federal Stafford Subsidized Loan

1,500

Federal Perkins Loan

464

Federal Stafford Unsubsidized Loan

2,500

Federal Work Study Employment (funds come in the form of a paycheck for hours worked)

$17,332

Total Assistance

-6,100

2010-2011 Estimated IU Southeast tuition, fees, and books (12 credit hours)

$11,232

Credit Balance

-5,630

2010 – 2011 Housing Rate for 2 bedroom/ 2 Bath Apartment (9 month contract)

$5,602

Credit Balance for Remaining Living Expenses

Student 2 - Carrie

Academics: GPA of 3.5 SAT score of 1140 First-year freshman, graduated with honors.
Family: Lives with two younger brothers, mother and step-father, who earn $52,000 a year and has $4000 in savings or investments.
Expected Family Contribution: $ $5,631

$4,380

SSACI Academic Honors Grant

4,380

SSACI 21st Century Scholarship

1,000

IU Southeast Honors Scholarship

1,500

IU Southeast McPheeters Scholarship

1,000

IU Southeast Persistence Grant for First Generation Students

1,015

Federal Stafford Subsidized Loan

2,131

Federal Unsubsidized Loan

$12,570

Total Assistance

-6,100

2010-2011 Estimated IU Southeast tuition, fees, and books (12 credit hours)

$6,470

Credit Balance

-6,070

2010-2011 Housing Rate for 4 Bedroom/ 2 Bath Apartment (9 month contract)

$400

Credit Balance for Remaining Living Expenses

Student 3 - Alejandro

Academics: GPA of 4.0 Athlete Junior year Independent student.
Family: Lives with spouse in Kentucky, who earn $31,568, and one in the family attends college.
Expected Family Contribution: $4,751
Financial Aid Package:

$2,500

Coca-Cola Foundation Scholarship

1,000

IU Southeast Grenadier Athletic Scholarship (for baseball)

800

Federal Pell Grant

5,500

Federal Stafford Subsidized Loan

7,000

Federal Unsubsidized Loan

$16,800

Total Assistance

-6,100

2010-2011 Estimated IU Southeast tuition, fees, and books (12 credit hours)

$10,700

Credit Balance

Student 4 - Virginia

Academics: GPA of 2.9 First-year freshman Dependent student.
Family: Lives with two brothers, and parents who earn $149,000 and have $16,000 in assets.
Expected Family Contribution: $20,982
Financial Aid Package:

$2,500

Lee Hamilton Scholarship

5,500

Federal Stafford Unsubsidized Loan

$8,000

Total Assistance

-6,100

2010-2011 Estimated IU Southeast tuition, fees, and books (12 credit hours)

$1,900

Credit Balance

-5,630

2010-2011 Housing Rate for 2 Bedroom/ 2 Bath Apartment (9 month contract)

(3,730)

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.

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.)