Sample 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 Wisconsin family of three, Melanie is the only person in college. Last year her parents had an adjusted income of $45,049 and assets of $7,000. Melanie had assets of $1,150 and earnings of $3,332. As indicated by information provided on her FAFSA, Melanie's expected family contribution is $3,744 for the coming year. The following financial aid package was received by Melanie:

WLC Academic Scholarship $12,000
WLC Regents’ Grant 4,100
Wisconsin Grant 2,900
Pell Grant * 1,980
WLC Endowed Scholarship 1,500
Federal Work Study * 1,900
Federal Direct Loans * 5,500
Private Scholarship ** 1,000
Total Awards $30,880

* Federal award
** outside scholarship that Melanie applied for on her own

Example 2:

Mike is an out-of-state junior transfer with a 3.4 college GPA. There are five members in his family and both he and his sister are in college. Last year, Mike's parents’ adjusted gross income was $52,783. They have assets of $18,400. Mike earned $6,200 last year and has assets of $600. FAFSA results indicate that Mike and his family have an expected family contribution of $1,630 for the coming year. Mike's financial aid looks like this:

WLC Transfer Scholarship $8,000
WLC Endowed Scholarship 1,000
WLC Regents’ Grant 3,700
Pell Grant * 4,080
Out-of-State Grant 2,900
Federal Direct Loans * 7,500
Federal Work Study * 2,000
Total Awards $29,180

* Federal award

Example 3:

Maria is from a family of four and is the first to go to college. Her parents’ adjusted gross income last year was $125,800. They have assets of $300,000. Maria has assets of $21,000. An analysis of the information Maria's family provided on the FAFSA indicates no need and no federal or state grant eligibility. However, because Maria has an outstanding academic record, is an exceptional actor, graduated from a private Christian high school, and is attending a Christian Leadership Summit, she will be eligible for this financial aid package:

WLC Presidential Scholarship $15,000
WLC Theatre Scholarship 1,000
WLC Partners in Christian Education Scholarship 1,000
WLC Christian Leadership Summit Scholarship 1,000
Federal Direct Loans * 5,500
Total Awards $23,500

* Federal award