Analyzing Financial Aid Award Packages Worksheet

College Name
Cost of Attendance (Tuition & Fees + Room & Board) Shippensburg $17,000 LaSalle $20,000 Temple University $16,588

My College Expenses
(Books + Cell Phone + Travel + Personal)

$2,800

$3,300

$425

My College Costs
(Cost of Attendance + My College Expenses)

$19,800

$23,300

$17,013

Gift Aid
Pell Grant PA State Grant SEOG Grant Institutional Grants/Scholarships Other Grants/Scholarships Total Gift Aid:
(Money that does NOT need to be repaid)

$5,550 $1,300

$3,300 $1,200

$5,295 $3,350 $100 $5,000 $1,000 $14,745

$6,850

Total Amount to Pay (Net Price)

Amount not covered by Gift Aid (My
College Costs-Total Gift Aid)

$12,950

$2,268

One way to pay some of the amount not covered by gift aid is student loans. A loan is money that is borrowed and has to be repaid with interest.

Loans
Subsidized Stafford Loan Unsubsidized Stafford Loan Perkins Loan Other Loan
Do not include the Parent Plus loan; include only loans for which parents have been approved.

$3,500 $2,000

$3,500 $2,000 $1,200

Total Loans:

$5,500

$6,700

Unmet Need
(My College Costs - Gift Aid - Loans = Unmet Need (for 1 year) that you will need to acquire from current resources, earned income, and/or finance from private lenders)

$7,450

-$4,432

One way to cover some of your college expenses (cell phone, travel, books) is work-study if you were offered it. This money must be earned.

Total Work-Study
(Earned money that does not go toward your college bill.)

$0

$1,000

Taking a Look Into the Future...

Approximate Loan Debt At Graduation
(Assuming the same level of debt for four years, with no interest compounding while in college). This amount does not
include any financing necessary to cover "Amount You Pay."

$22,000

$26,800

Estimated Student Loan Payment:

(Assuming a 5% interest rate compounded annually, and a standard 10 year repayment plan).

$233.35

$284.26