A r c h i v e d  I n f o r m a t i o n

Preparing Your Child For College: 2000 Edition

PROFILE 1 - FIRST STUDENT

Family income: $20,000
Household size: 4
Number in college: 1
  2-year public 4-year public 4-year private
College Cost $6,400 $10,500 $22,500
Expected Family Contribution $0 $0 $0
     Parent $0 $0 $0
     Student $0 $0 $0
Pell Grant $3,000 $3,000 $3,000
SEOG $500 $800 $1,000
Federal Work Study $500 $800 $1,000
Perkins Loan $0 $0 $1,500
Stafford Loan $0 $2,625 $1,500
State Grant $1,100 $1,600 $1,600
Institutional Grant $500 $1,175 $11,475
Parent Loan $0 $0 $0

 


PROFILE 2 - SECOND STUDENT

Family income: $40,000
Household size: 4
Number in college: 2
Student savings: $715
  2-year public 4-year public 4-year private
College Cost $6,400 $10,500 $22,500
Expected Family Contribution $1,727 $1,727 $1,727
     Parent $1,477 $1,477 $1,477
     Student $250 $250 $250
Pell Grant $1,273 $1,273 $1,273
SEOG $0 $0 $1,000
Federal Work Study $0 $1,300 $1,300
Perkins Loan $0 $1,500 $1,500
Stafford Loan $1,300 $2,625 $2,625
State Grant $1,100 $1,200 $1,600
Institutional Grant $1,000 $875 $6,475
Parent Loan $0 $0 $5,000

 


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