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Student Scenario 3: Sample Student "Mary"

Academics and Family:

Mary is from Logansport, IN and is graduating with her Core 40 diploma. Her ACT composite is 25, and she is ranked in the top 20% of her class. Mary's academic record qualifies her for the $1,000 STAR scholarhsip, and she is chosen as a recipient of the McHale Scholarship based on her academic record and for being from Cass County. She will be a full-time student taking 15 credit hours a semester at IU Kokomo. Mary is also a 21st Century Scholar living with her parents who have an adusted gross income of $76,786 and have $12,000 in investments.

Expected Family Contribution: $16,781

Financial Aid Package for the 2014-2015 school year:

  • $1,000 Star Scholarship
  • $1,000 McHale Scholarship
  • $4,038 SSACI 21st Century Scholarship
  • $5,500 Federal Stafford Subsidized Loan
  • $11,538 Total Assistance
  • -$8,310 2014-2015 Estimated IU Kokomo tuition, fees and books
  • $ 3,228 Credit balance educational expenses (ie: transportation and living expenses)
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