Financial Aid Scenario

Student Scenario 4: Sample Student "Steven"

Academics and Family:

Steven is from Kokomo, IN and lives with his spouse and two children. He earned $58,000 and has $1,200 in assets. His wife also attends college, and he has no previous college credits. He will be attending 6 credit hours at IU Kokomo:

Expected Family Contribution: $4,176

Financial Aid Package for the 2014-2015 school year:

  • $1,580 Federal Pell Grant
  • $3,500 Federal Stafford Subsidized Loan
  • $6,000 Federal Stafford Unsubsidized Loan
  • $11,080 Total Assistance
  • -$3,382 2014-2015 Estimated IU Kokomo tuition, fees and books
  • $7,698 Credit balance educational expenses (ie: transportation and living expenses)