Lynn's Case Study
Lynn is a residence hall student for the upcoming school year. She is from a family of 5 and has an EFC of 2673. Her direct costs include: tuition, a double occupancy room, the Patriot meal plan and her technology fee. Her financial aid package consists of:
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Direct Cost
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$28,520
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Awards
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Pell Grant
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$2,080
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PHEAA Grant
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$4,000
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Merit Award
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$5,000
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Residence Life Grant
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$3,500
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Rogal Endowed Scholarship
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$950
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Academic Competitive Grant
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$750
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SEOG Grant
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$2,000
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Patriot Scholar Award
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$2,000
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Two Outside Scholarships
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$3,340
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Stafford Student Loan
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$3,500
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Total Funding:
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$27,120
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Balance Remaining
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$1,400 ÷ 10 = 140 per month
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Out of Pocket Cost
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Ten payments of $140
from May to March
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Lynn’s parents utilize the Monthly Payment Plan
(MPP) for her Balance. After paying the $50
administrative fee, they made ten payments of $140.
The payments began in May and finished in March.
(Back)
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