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. (Both schools participate in a parent Plus program which will allow the student’s parent to borrow the difference. Schreiner University offers a subsidized Plus loan - which will save eligible parents up to an additional $400 a year in interest - depending upon the amount of the loan.) Use this link to read more about the Schreiner Partnership with Parents PLUS Loan:  http://www.schreiner.edu/financial_aid/PWP0506.pdf (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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