The following are actual financial aid awards. These examples are intended to demonstrate how financial aid is awarded based on varying family financial situations. They are by no means a guarantee of the type of aid you may receive.
Wisconsin Family of 3 with 1 in college
Both parents work, with an annual adjusted gross income of $83,500, pre-tax contributions of $6,300 to their retirement accounts, savings of $14,000 and $69,000 in home equity. The student had earnings of $3,400 and has $2,000 in savings.
Financial Aid Package
| Lawrence University Grant | $15,300 |
| Outside Scholarship | $ 1,000 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Work Study | $ 2,400 |
| Total Financial Aid Award | $22,200 |
California Family of 3 with 1 in college
Both parents work, with an annual adjusted gross income of $74,302, savings and investments of $205,000 and home equity of $220,000. Student has income of $800 and savings of $1,000.
Financial Aid Package
| Lawrence University Presidential Scholarship | $ 9,000 |
| Lawrence University Grant | $ 3,200 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Work Study | $ 2,200 |
| Total Financial Aid Award | $17,900 |
Minnesota Family of 4 with 1 in college
Both parents work, with an annual adjusted gross income of $68,800, pre-tax contributions of $4,700 to their retirement accounts, savings of $1,000 and $100,000 in home equity. The student had earnings of $1,400 and has $6,000 in savings.
Financial Aid Package
| Lawrence University Trustee Scholarship | $12,000 |
| Lawrence University Grant | $ 7,600 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Perkins Loan | $ 2,000 |
| Federal Work Study | $ 2,400 |
| Total Financial Aid Award | $27,200 |
Florida Family of 5 with 1 in college
One parent works, with an adjusted gross income of $91,708, untaxed social security benefits of $16,000, and $22,000 in savings and no home equity. The student has no income from work and $3,600 in savings.
Financial Aid Package
| Lawrence University Grant | $ 9,700 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Work Study | $ 2,200 |
| Total Financial Aid Award | $15,400 |
Illinois Family of 4 with 2 in college
Both parents work, with an annual adjusted gross income of $127,232, pre-tax contributions of $7,053 to their retirement accounts, savings and investments of $20,400 and $195,000 in home equity. The student had earnings of $800 and has $13,000 in savings.
Financial Aid Package
| Lawrence University Alumni Scholarship | $ 7,000 |
| Lawrence University Grant | $ 6,700 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Work Study | $ 2,200 |
| Total Financial Aid Award | $19,400 |
Wisconsin Family of 3 with 1 in college
This is a single parent household, with adjusted gross income of $24,000 and untaxed child support of $6,200. The parent has $3,000 in savings and home equity of $43,000. The student has no income and $4,600 in savings. We have calculated a non-custodial parent contribution of $3,000.
Financial Aid Package
| Lawrence University Trustee Scholarship | $12,000 |
| Lawrence University Grant | $ 4,000 |
| Federal Pell Grant | $ 1,881 |
| Federal Academic Competitiveness Grant | $ 750 |
| Federal Supplemental Educational Opportunity Grant | $ 1,500 |
| Wisconsin Tuition Grant | $ 2,900 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Perkins Loan | $ 2,000 |
| Federal Work Study | $ 2,200 |
| Total Financial Aid Award | $33,631 |
