
Case
Study/Example
Sally Smith is
trying to determine which award package is most favorable. She’s
been advised to look at out of pocket expenses as part of her
decision. The following are her choices:
|
| |
Schreiner University |
Public University |
|
Cost of
Attendance |
$27,300 |
$ 23,300 |
|
EFC |
$10,000 |
$ 10,000 |
|
Need |
$17,300 |
$ 13,300 |
| |
| |
Schreiner University
Award Letter |
Public University
Award Letter |
|
Merit
Scholarship |
$7,000 |
$ 2,000 |
|
Departmental Scholarship |
$ 1,000 |
$0 |
|
Tuition
Equalization Grant (1) |
$3,300 |
$0 |
|
Work |
$1,500* |
$ 1,500 |
|
Loan |
$5,500 |
$ 5,500 |
|
Unmet Need |
$9,000 |
$14,300 |
|
|
*Denotes an average beginning work
study award. Students actual work earnings vary greatly.
(1)
Tuition Equalization Grant, commonly referred
to as TEG, is only available for eligible students at private
institutions in Texas.
Each student’s aid is determined by a multitude of factors such
as; grade-point-average, community involvement, major, student and
parent financial information as provided in the FAFSA.
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