Financial Aid Scenario 2

Student Scenario 2: Sample Student "Jody"

Academics and Family:

Jody is from Rochester, IN and graduated high school with her Core 40 diploma. Jody is an average student with a combined SAT score of 970 in the critical reading and mathematics and is ranked in the top half of her class. She will be a full-time student taking 15 credit hours a semester at IU Kokomo. She lives with her single mother, who earns $12,000 per year, received $10,000 in Social Security, and $4,000 in child support:

Expected Family Contribution: $0

Financial Aid Package for the 2014-2015 school year:

  • $5,730 Federal Pell Grant
  • $300 Federal SEOG Grant
  • $3,902 SSACI Core Grant
  • $3,500 Federal Stafford Subsidized Loan
  • $2,000 Federal Work Study Employment (funds come in the form of a bi-weekly paycheck for hours worked)
  • $15,432 Total Assistance
  • -$8,310 2014-2015 Estimated IU Kokomo tuition, fees and books
  • $7,122 Credit balance educational expenses (ie: transportation and living expenses)