Sample Financial Assistance Awards
Sample Financial Assistance Awards
Every family situation is different, and it can be a challenge to understand how your unique financial circumstances will impact your offer of financial assistance. To help you visualize this process, we have assembled some sample financial aid packages to illustrate how common situations might influence a basic financial aid package. You can also access our Net Price Calculator to estimate your financial aid eligibility.
Tianna
Tianna is admitted as a resident student into the School of Dance. She comes from a family of four, and is the only child in college. The family has an income of $135,000, and the parents have cash savings of $8,000 and investments of $10,000. The student did not file a tax return, but has $1,500 in savings. She has a 3.3 high school GPA, 1100 SAT scores and a 5 on her audition.
| Direct Costs: | $47,540 |
| Expected Family Contribution | |
| Parent Contribution | $22,050 |
| Student Contribution | $525 |
| Total Expected Family Contribution | $22,575 |
| Financial Need for Direct Costs | $24,965 |
| Offer of Financial Assistance | |
| Promising Artist Award | $13,000 |
| Direct Loans Student | $5,500 |
| Federal Work-Study | $1,500 |
| TOTAL | $20,000 |
For information on how we calculate the Cost of Attendance, please see this page.
Adam
This is the same scenario as Tianna, but this student has a sibling attending an undergraduate college as a full-time student and is admitted to the Creative Writing program with a portfolio score of 5.
| Direct Costs: | $47,540 |
| Expected Family Contribution | |
| Parent Contribution | $11,025 |
| Student Contribution | $525 |
| Total Expected Family Contribution | $11,550 |
| Financial Need for Direct Costs | $35,900 |
| Offer of Financial Assistance | |
| Promising Artist Award | $20,000 |
| University Grant | $11,500 |
| Direct Student Loans | $5,500 |
| Federal Work-Study | $1,500 |
| TOTAL | $38,500 |
Isaac
Isaac is admitted as a commuter student into the MBET program. He comes from a family of four, and has another sibling in college. The family has an income of $42,500, and the parents have no savings or investments. The student did not file a tax return, and has no savings. He has a 3.4 high school GPA, 1100 SAT scores and a 6 on his audition.
| Direct Costs: | $38,480 |
| Expected Family Contribution | |
| Parent Contribution | $1,250 |
| Student Contribution | $0 |
| Total Expected Family Contribution | $1,250 |
| Financial Need for Direct Costs | $37,230 |
| Offer of Financial Assistance | |
| Promising Artist Award | $13,000 |
| Direct Student Loans | $5,500 |
| Federal Work-Study | $1,500 |
| Pell Grant | $4,300 |
| PA State Grant | $4,000 |
| Pell Grant | $4,300 |
| University Grant | $3,500 |
| TOTAL | $31,800 |
Joelle
Joelle is admitted as a resident student into the Industrial Design program. She comes from a family of four, and has another sibling in college. The family has an income of $38,000, and the parents have no savings or investments. The student did not file a tax return but earned $2,000, and has no savings. She has a 3.3 high school GPA, 100 SAT scores and a 6 on his audition and is a Pennsylvania resident.
| Direct Costs: | $47,540 |
| Expected Family Contribution | |
| Parent Contribution | $850 |
| Student Contribution | $200 |
| Total Expected Family Contribution | $1,050 |
| Financial Need for Direct Costs | $46,490 |
| Offer of Financial Assistance | |
| Promising Artist Award | $20,000 |
| Direct Student Loans | $5,500 |
| Federal Work-Study | $1,500 |
| Pell Grant | $5,300 |
| PA State Grant | $4,300 |
| University Grant | $4,500 |
| TOTAL | $41,100 |















