Academic Year 2015-16
The Muskingum Commitment: Family Cost Estimator

How to Use these Tables

To estimate the financial assistance your student can expect at Muskingum:

Student GPA ACT/SAT Scores Total Family Income & Estimated Award Range
Click the button below that corresponds to your GPA range (unweighted on a 4.0 scale). Locate your ACT/SAT test score range in the left column of the chart below. If you plan to file the Free Application for Federal Student Aid (FAFSA) for need-based financial aid, scan across to the column that corresponds to your estimated 2014 total family income from all sources (see A below). If you do not plan to file the FAFSA and are interested only in non-need assistance, refer to the last column at right.
Total Family Income (A) Scholarship/Award Eligibility without
Filing FAFSA
$0-39,999 $40,000-69,999 $70,000-99,999 $100,000-149,999 $150,000-199,999
ACT (SAT)
Score
Total
Gift Aid

(4)
Average Total Aid
(5)
Total
Gift Aid

(4)
Average Total Aid
(5)
Total
Gift Aid

(4)
Average Total Aid
(5)
Total
Gift Aid

(4)
Average Total Aid
(5)
Total
Gift Aid

(4)
Average Total Aid
(5)
Minimum Scholarship/
Award
(4)
28 (1230+) 19,000-24,000 27,000 14,000-20,000 23,500 11,000-17,000 19,500 9,000-12,000 15,000 8,000-11,000 14,500 0
24-27 (1090) 18,000-23,000 26,500 13,000-19,000 23,000 10,000-16,000 18,500 7,000-11,000 13,500 6,000-10,000 13,000 0
20-23 (930) 17,000-22,000 26,000 12,000-18,000 22,000 9,000-15,000 17,500 6,000-10,000 12,500 5,000-8,000 11,500 0
19 or Less 16,000-21,000 25,500 11,000-17,000 21,000 8,000-14,000 16,500 4,000-8,000 11,000 0-5,000 8,000 0

What the Estimates Mean

(4)
Total Gift Aid is a range of total non-repayable scholarships and grants from all sources, including academic scholarships, awards of circumstance, and need-based federal, state and institutional grants.
The Muskingum Commitment is the first figure in the Total Gift Aid range, and represents the minimum amount of gift aid your student will receive.
(5)
The Average Total Aid figure shows an average amount of total financial assistance that students and families with academic and financial characteristics similar to yours typically receive. This consists of the Total Gift Aid amount (see explanation above) plus federally-backed student loans.
If actual student academic credentials and family income figures are consistent with your estimates, the Muskingum Commitment assures you that your student’s financial award will contain total gift aid that is equal to or greater than the lower amount in the total gift aid range shown in the table. The higher figure in the range represents the maximum gift aid students typically receive, except in special circumstances.

Definitions

(A)
Total Family Income: Sum of parent and student estimated 2014 income from wages and all other income sources reported on the IRS-1040 form, plus any untaxed income (such as child support). In cases of divorced or separated parents, use the income of the parent (and stepparent) with whom the student lives.
(B)
Grade-Point Average (GPA): Secondary school unweighted, cumulative GPA on a 4.0 scale.
(C)
ACT/SAT: ACT Composite score or combined SAT Critical Reading and Math scores.

Calculate Your Bottom-Line Costs: Academic Year 2015-16

PART 1: MAXIMUM BILLED CHARGES BEFORE STUDENT LOANS
Estimated Charges
Tuition and Fees $ 26,180
Room and Board (+) 10,200
Estimated Total Billed Charges (1) $ 36,380
Subtract Muskingum Commitment
(Lesser amount in Total Gift Aid range)
(–) ______
Maximum Billed Charges Before Student Loans $ ______

PART 2: AVERAGE BILLED COSTS, AFTER FINANCIAL AID & STUDENT LOANS
Estimated Total Billed Charges (1) $ 36,380
Subtract Average Total Aid from table (2) (–) ______
Estimate of Average Billed Cost to Family (3) $
Financing options are available for families to deal with educational costs not covered by financial aid. These include monthly payment plans, Parent Federal PLUS Loans, and cosigned Private Loans for students.
Notes
1
Students admitted to Muskingum's PLUS Program for students with learning disabilities/ADHD will incur an additional charge for individual professional learning support of approximately $8,660 per year.
2
All students are eligible to receive federal student loans of up to $5,500 in the first year; this amount is included in the Average Total Aid figure.
3
The figure reported is an average amount, and actual amounts will vary above and below the averages.

Conditions/Provisions

Estimates apply only when the following conditions are met.
Admission Status: Students must be entering first-year students (not transfers) and must plan to live on-campus (not commuters). Actual scholarship and financial aid amounts will be based on information from the student’s application materials (official transcript and ACT/SAT scores) and financial aid application (FAFSA).
Completion of Academic Core: Students must have completed minimum academic core requirements upon enrollment: 4 years of college-prep English, 3 years of math through Algebra 2, 2 years of lab science (biology, chemistry, physics), and 2 years of a foreign language (not including ASL).
Income Verification and Dependency Status: If the estimate is based on an income range, the student and parents must complete and submit the 2015-2016 FAFSA. Students must file the FAFSA as dependent students with parent financial information.