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Sample Financial Aid Situations

The following hypothetical cases give you an idea of how some typical financial aid situations might be reviewed. You may use these cases as guidelines, but remember that we consider every application for financial aid on an individual basis and may look at many more variables than those shown here.

Price Wright
Price's father is a salesman who earns $60,000 per year. His mother is a part-time substitute teacher who earns $20,000 per year. His parents' untaxed income is $3,000 and net assets are $15,000. Price has two younger sisters in middle school. Price earned $1,200 in his part-time job last year and saved $300.

Price has a 3.4 GPA, ranks 45 out of 250 in his class, and his ACT score is 24. Roy is a member of the Presbyterian Church, USA.

Price's Direct Costs at Muskingum  
Estimated 2014-2015 Total Direct Costs $34,830
Price's Financial Aid Package from Muskingum  
Muskingum Academic Scholarship 12,000
Presbyterian Grant 1,000
Muskingum University Grant 4,800
Work Award 1,000
Federal Direct Stafford Loan (subsidized) 3,500
Federal Direct Stafford Loan (unsubsidized) 2,000

Price and his family will be responsible for the remaining costs to attend Muskingum plus books and personal expenses. If Price takes both the subsidized and unsubsidized Stafford Loans, and uses his work-study earnings ($1,000) towards personal expenses, the direct educational costs to the family will be about $11,530 plus books.


Sasha Deal
Sasha's parents are divorced and she lives with her mother, who earns $30,000 per year as a secretary. She has a younger brother who lives at home. Sasha's mother receives $300 per month in child support and has net assets of $5,000. Sasha earned about $200 last year and has no savings.

Sasha has a 3.1 GPA, ranks 50 out of 150 in her class, and has an ACT score of 21. She is a resident of an Appalachian County in Ohio.

Sasha's Direct Costs at Muskingum   
Estimated 2014-2015 Total Direct Costs $34,830
Sasha's Financial Aid Package from Muskingum  
Muskie Award 6,000
Appalachian Regional Grant 500
Muskingum University Grant 8,000
Federal Pell Grant (estimate) 5,095
Ohio College Opportunity Grant (estimate) 2,080
Work Award 1,000
Federal Direct Stafford Loan (subsidized) 3,500
Federal Direct Stafford Loan (unsubsidized) 2,000
Muskingum University Loan 2,000

Sasha and her family will be responsible for the remaining costs to attend Muskingum plus books and personal expenses. If Sasha takes both the subsidized and unsubsidized Stafford Loans, and uses her work-study earnings ($1,000) toward personal expenses, the direct cost to the family will be about $5,655 plus books.

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