Ed's Case Study
Ed is a commuter student with an EFC of 1841. His direct costs include his tuition and his technology fee. Let's see how Robert Morris makes his Financial Aid package work.
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Direct Cost
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$19,840
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Awards
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Colonial Grant
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$3,000
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Pell Grant
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$2,880
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Academic Competitive Grant
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$750
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Robert Morris Grant
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$2,000
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Wolves Club Scholarship
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$2,850
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PHEAA Grant
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$3,660
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Stafford Subsidized Loan
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$3,500
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Total Funding:
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$18,640
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Balance Remaining
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$1,200
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Out of Pocket Cost
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$1,200 ÷ 6 = $200 per payment
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Ed utilizes a deferred credit agreement and makes
three payments of approximately $200 in both the fall and
the spring semesters bringing his balance to zero.
(Back)
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