Student Scenario 4: Sample Student "Steven"

Academics and Family:

Steven is from Kokomo, IN and lives with his spouse and two children. He earned $58,000 and has $1,200 in assets. His wife also attends college, and he has no previous college credits. He will be attending 6 credit hours at IU Kokomo:

Expected Family Contribution: $4,176

Financial Aid Package for the 2010-2011 school year:

• $3,500 Federal Stafford Subsidized Loan
• $4,000 Federal Stafford Unsubsidized Loan
• $7,500 Total Assistance
• -$2,973 2010-2011 Estimated IU Kokomo tuition, fees and books
• $4,527 Credit balance educational expenses (ie: transportation and living expenses)