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.
Unless otherwise noted, the awards are based on a total educational budget of $37,860. Depending on the distance you live from Lawrence, the total budget used in determining your financial aid will be adjusted to include a travel allowance.
Both parents work, earning a combined yearly income of $66,701 with $6100 in savings, $41,100 in investments and home equity of $107,000. The student earned $2,800 and has $6000 in savings.
Financial Aid Package:
| Merit Scholarship | $5,000 |
| Lawrence University Grant | $10,100 |
| Subsidized Stafford Loan | $2,625 |
| Feberal Perkins Loan | $1,300 |
| Federal Work Study | $2,225 |
| Total Award | $21,250 |
Both parents work, earning a combined yearly income of $93,711 with $6,000 in savings and home equity of $249,000. The student had no earnings and has $1700 in savings.
Financial Aid Package:
| Merit Scholarship | $10,000 |
| Lawrence University Grant | $7,000 |
| Subsidized Stafford Loan | $2,625 |
| Federal Perkins Loan | $2,400 |
| Federal Work Study | $2,200 |
| Total Award | $24,225 |
Both parents work, earning a combined yearly income of $57,870 with $3,603 in savings and home equity of $64,000. The student had earnings of $1,917 and has $6,600 in savings and investments.
Financial Aid Package:
| Lawrence University Grant | $15,300 |
| Wisconsin Tuition Grant | $2,900 |
| Subsidized Stafford Loan | $2,625 |
| Federal Perkins Loan | $4,000 |
| Federal Work-Study | $2,200 |
| Total Award | $27,075 |
The student comes from a single-parent household with a yearly income of $39,181. The parent has $800 in savings and home equity of $77,000. The student had earnings of $2,700 and savings of $1,200.
An additional $600 was included in the budget to offset travel costs.
Financial Aid Package:
| Lawrence University Grant | $21,300 |
| Federal Pell Grant | $900 |
| Academic Competitiveness Grant | $750 |
| Outside Merit Scholarship | $500 |
| Subsidized Stafford Loan | $2,625 |
| Federal Perkins Loan | $3,500 |
| Federal Work Study | $2,300 |
| Total Award | $31,875 |
Both parents work, earning a combined yearly income of $90,052 with $6,000 in savings and home equity of $30,000. The student had earnings of $5,200 and has $4000 in savings.
Financial Aid Package:
| Merit Scholarship | $7,500 |
| Lawrence University Grant | $4,600 |
| Subsidized Stafford Loan | $2,625 |
| Federal Work Study | $2,000 |
| Total Award | $16,725 |
Both parents work, earning a combined yearly income of $59,696 with no savings and no home equity. The student has no earnings and no savings.
An additional $800 is included in the budget to offset travel costs.
Financial Aid Package:
| Lawrence University Grant | $19,600 |
| Subsidized Stafford Loan | $2,625 |
| Federal Perkins Loan | $2,650 |
| Federal Work Study | $2,200 |
| Total Award | $27,075 |