We’ve put together sample student aid packages to help describe the anticipated costs of higher education in 2010-2011. You can also download and print the PDF, which includes the data below plus a table with average undergraduate budgets.

Public Four-Year ⎯ University A

Year: 2010-11
Total Family Income: $33,915
Family of 4, 1 in college
Second-year student

  • Total Estimated Cost of Attendance (COA): $19,886
  • Expected Family Contribution (EFC): $367
  • Need (COA – EFC): $19,519
  • Federal Pell Grant: $5,200
  • Federal SEOG Grant: $450
  • Federal Academic Competitiveness Grant (ACG)*: $1,300
  • State Grant: $1,483
  • University Grant: $2,000
  • Federal Perkins Loan: $1,200
  • Direct Subsidized Stafford Loan: $4,500
  • Direct Parent Loan: $486
  • Federal Work Study (FWS): $2,900
  • Total Aid: $19,519

Grant aid = $10,433, or 52% of COA
Self-help (EFC + loans + work) = $9,453, or 48% of COA
EFC may be covered by additional parent PLUS, or student could borrow recommended amount of parent loan + EFC in a Direct Unsubsidized Stafford loan.

Order of packaging to meet need:

  1. Grants
  2. Federal subsidized loans
  3. Work

*Note that 2010-11 is the last year ACG will be available.


Public Four-Year ⎯ University B

Year: 2010-11
Zero EFC but income above poverty line
New freshman

  • Total Estimated Cost of Attendance (COA): $22,550
  • Expected Family Contribution (EFC): $0
  • Need (COA – EFC): $22,550
  • Pell Grant: $5,550
  • Academic Competitiveness Grant (ACG)*: $750
  • FSEOG: $300
  • Institutional Grant: $5,050
  • Federal Work Study (FWS): $3,000
  • Perkins Loan: $650
  • Direct Subsidized Stafford: $3,500
  • Institutional Low Income Grant**: $0
  • Direct Unsubsidized Stafford: $2,000
  • Total Student Aid: $20,800

Unmet (PLUS or Private Loan): $1,750
Grant aid = $11,650, or 52% of COA
Self-help (EFC + loans + work + unmet need) = $10,900, or 48% of COA

Order of packaging to meet need:

  1. Grants
  2. Work
  3. Federal loans (subsidized first, then unsubsidized)
  4. Additional grant if student qualifies
  5. PLUS or private loan recommended for unmet need

*Note that 2010-11 is the last year ACG will be available.
**Available only to zero EFC with income at or below the poverty line


Private Non-profit Four-Year⎯College A

Year: 2010-11
Total Family Income: $33,457
Family of 3, 1 in college
AGI: $32,866
Freshman living on-campus

  • Total Estimated Cost of Attendance (COA): $37,930
  • Expected Family Contribution (EFC) : $1,116
  • Need (COA – EFC): $36,814
  • Institutional Scholarship: $13,000
  • Pell Grant: $4,400
  • Academic Competitiveness Grant (ACG)*: $750
  • FSEOG: $1,000
  • FWS: $2,200
  • Perkins Loan: $1,500
  • Federal Direct Loans (maximum $3,500 subsidized + maximum $2,000 unsubsidized): $5,500
  • State Merit Scholarship: $2,374
  • State Need-Based Grants: $4,864
  • Total Aid: $35,588

Unmet need: $1,226
Unmet need plus EFC may be covered by a PLUS loan.

Grants = $26,388, or 70% of COA
Self-help (EFC + loans + work + unmet need) = $11,542, or 30% of COA

*Note that 2010-11 is the last year ACG will be available.


Private Non-profit Four-Year⎯College B

2010-11
Total Family Income: $33,457
Family of 5, 1 in college
Freshman living on-campus

  • Total Estimated Cost of Attendance (COA): $40,500
  • Expected Family Contribution (EFC): $0
  • Need (COA – EFC): $40,500
  • Pell Grant: $5,550
  • Academic Competitiveness Grant (ACG)*: $750
  • College Grant: $15,000
  • State Grant: $4,925
  • Federal Direct Loans (maximum $3,500 subsidized + maximum $2,000 unsubsidized): $5,500
  • Total Aid: $31,725

Unmet need: $8,775
Unmet need may be met with PLUS loans.
Grants = $26,225, or 65% of COA
Self-help (EFC + loans + work + unmet need) = $14,275, or 35% of COA

*Note that 2010-11 is the last year ACG will be available.


Community College, Two-Year

Year: 2010-11
First-year student, living with parents

  • Total Estimated Cost of Attendance (COA): $15,240
  • Expected Family Contribution (EFC): $1,770
  • Need (COA – EFC): $13,470
  • Pell Grant: $3,800
  • FSEOG: $500
  • State need-based grant: $400
  • State merit-based grant: $700
  • Federal Work Study (FWS)*: $4,000
  • Federal Subsidized Loan: $3,500
  • Total Student Aid: $12,900

Unmet need: $570
Unmet need and EFC may be covered by Direct Unsubsidized Stafford Loan or Direct Parent PLUS Loan.
Grants = $5,400, or 35% of COA
Self-help aid (EFC + loans + work + unmet need) = $9,840, or 65% of COA.

*Once FWS has been fully allocated, unsubsidized loans are offered (up to $2,000 for dependent undergraduates, or up to $6,000 for independent undergraduates.)

Early applicants are more likely to get campus-based funds (FESOG, FWS, Perkins loans). Later applicants generally receive Pell Grant and Direct Loans, and are more likely to need unsubsidized loans.