Sample Financial Aid Packages
These are some examples of financial aid packages. While you may find some similarities to your own family situation, the specific circumstances will differ. These examples illustrate what is realistic and what isn't, and simply are representative of various possibilities.
Example 1:
From a family of three, Susan is the only member in college. Last year her parents had an adjusted income of $42,837 and assets of $2,100. Susan had assets of $400 and earnings of $3,332. As indicated by information provided on her financial assistance application, Susan’s expected family contribution is $1,835 for the coming year. The following financial aid package was received by Susan:
| WLC Academic Scholarship |
$10,000 |
| WLC Regents’ Grant |
3,200 |
| Wisconsin Tuition Grant |
2,900 |
| Pell Grant * |
3,700 |
| WLC Endowed Scholarship |
1,000 |
| Federal Work Study * |
1,900 |
| Federal Direct Loans * |
5,500 |
| Private Scholarship ** |
1,000 |
| Total Awards |
$29,200 |
* Federal award
** outside scholarship that Susan applied for on her own
Example 2:
Sam is an out-of-state junior transfer with a 3.4 college GPA. He is the only member of his family of five in college. Last year, Sam’s parents’ adjusted gross income was $51,585. They have assets of $5,900. Sam earned $6,200 last year and has assets of $100. An analysis of this information indicates that Sam and his family have an expected family contribution of $3,831 for the coming year. Sam’s financial aid looks like this:
| WLC Transfer Scholarship |
$7,000 |
| WLC Endowed Scholarship |
1,000 |
| WLC Regents’ Grant |
3,300 |
| Pell Grant * |
1,700 |
| Federal Direct Loans * |
7,500 |
| Out-of-State Grant |
2,900 |
| Federal Work Study * |
2,000 |
| Total Awards |
$25,400 |
* Federal award
Example 3:
Sally is from a family of four and the first to go to college. Her parents’ adjusted gross income last year was $125,800. They have assets of $300,000. Sally has assets of $21,000. An analysis of the information Sally’s family provided on the financial aid application indicates no need and no federal or state grant eligibility. However, because Sally has an outstanding academic record and is an exceptional actor she was eligible for this financial aid package:
| WLC Founders Scholarship |
$12,000 |
| Federal Direct Loans * |
5,500 |
| WLC Theatre Scholarship |
1,000 |
| Total Awards |
$18,500 |
* Federal award