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 4 with 1 in college
Both parents work, with an annual adjusted gross income of $80,100, pre-tax contributions of $8,300 to their retirement accounts, savings of $11,000 and $41,000 in home equity. The student had earnings of $3,400 and has $600 in savings.
Financial Aid Package
| Lawrence University Grant | $17,300 |
| Outside Scholarship | $ 2,000 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Perkins Loan | $ 1,000 |
| Federal Work Study | $ 2,400 |
| Total Financial Aid Award | $26,200 |
California Family of 3 with 1 in college
Both parents work, with an annual adjusted gross income of $87,000, savings and investments of $45,000 and home equity of $155,000. Student has income of $900 and savings of $3,000.
Financial Aid Package
| Lawrence University Presidential Scholarship | $ 9,000 |
| Lawrence University Grant | $10,000 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Perkins Loan | $ 2,100 |
| Federal Work Study | $ 2,400 |
| Total Financial Aid Award | $27,000 |
Illinois Family of 4 with 2 in college
Both parents work, with an annual adjusted gross income of $136,800, pre-tax contributions of $3,200 to their retirement accounts, savings of $2,800 and $91,000 in home equity. The student had earnings of $1,400 and has $1,800 in savings.
Financial Aid Package
| Lawrence University Grant | $13,800 |
| Federal Direct Stafford Student Loan | $ 3,500 |
| Federal Work Study | $ 2,400 |
| Total Financial Aid Award | $19,700 |
Pennsylvania Family of 3 with 1 in college
One parent works, with an adjusted gross income of $74,400, $4,200 in pre-tax contributions to their retirement account, untaxed social security benefits of $16,000, and $122,000 in savings and investments and no home equity. The student has no income from work and $3,900 in savings.
Financial Aid Package
| Lawrence University Trustee Scholarship | $12,000 |
| Lawrence University Grant | $ 3,000 |
| Federal Direct Stafford Subsidized Loan | $ 3,500 |
| Federal Work Study | $ 2,200 |
| Total Financial Aid Award | $20,700 |
Minnesota Family of 5 with 1 in college
One parent works, with an annual adjusted gross income of $54,300 pre-tax contributions of $5,200 to their retirement accounts, savings and investments of $20,400 and $145,000 in home equity. The student had earnings of $400 and has $9,000 in savings.
Financial Aid Package
| Lawrence University Alumni Scholarship | $ 7,000 |
| Lawrence University Grant | $14,000 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Perkins Loan | $ 1,800 |
| Federal Work Study | $ 2,400 |
| Total Financial Aid Award | $28,700 |
Wisconsin Family of 3 with 1 in college
This is a single parent household, with adjusted gross income of $37,600 and untaxed child support of $7,200. The parent has $4,800 in savings and home equity of $43,000. The student has no income and $1,000 in savings. We have calculated a non-custodial parent contribution of $4,000.
Financial Aid Package
| Richard Warch Scholarship | $15,000 |
| Lawrence University Grant | $ 6,000 |
| Federal Pell Grant | $ 2,200 |
| Federal Academic Competitiveness Grant | $ 750 |
| Federal Supplemental Educational Opportunity Grant | $ 900 |
| Wisconsin Tuition Grant | $ 2,900 |
| Federal Direct Subsidized Stafford Loan | $ 3,500 |
| Federal Perkins Loan | $ 1,100 |
| Federal Work Study | $ 2,400 |
| Outside Scholarship | $ 1,500 |
| Total Financial Aid Award | $36,250 |
