Financial Aid Scenario

Student Scenario 5: Sample Student "Ellen"

Academics and Family:

Ellen is a single parent living in Kokomo, IN. She is a recent Accounting A.S. graduate from Ivy Tech with a 3.7 GPA. She is going to be attending 6 credit hours at IU Kokomo in the Bachelor of Science in accounting program. She earned $6,307 and received $4,400 in child support last year.

Expected Family Contribution: $0

Financial Aid Package for the 2010-2011 school year:

  • $2,865 Federal Pell Grant
  • $   300 Federal SEOG Grant
  • $5,500 Federal Stafford Subsidized Loan
  • $7,000 Federal Stafford Unsubsidized Loan
  • $15,665 Total Assistance
  • -$3,382 2014-2015 Estimated IU Kokomo tuition, fees and books
  • $12,283 Credit balance educational expenses (ie: transportation and living expenses)