Sample Award Packages

Jasmine: Commuter student with two siblings

Jasmine grew up in Indiana and has dreamed of becoming a youth pastor. Jasmine’s older brother is already in college, and her younger sister just started high school. Dad is on staff at their church and Mom works part-time at a local department store. Together, Jasmine’s parents had an adjusted gross income of $27,765. Jasmine did not have a job, but she does have about $700 in her savings account. The family’s EFC is $143. Jasmine is planning to live at home and commute to classes.

  • GPA: 2.4
  • SAT: 950

Jasmine’s Total Financial Aid Award Package: $28,020

Description Amount

Tuition and Fees

$28,030

Other Expenses* (books, transportation, etc.)

$5,300

Total Cost of Attendance

$33,330

EFC**

-$143

Financial Need

$33,187

 

Bethel College Grant

$8,000

Indiana Frank O'Bannon Grant

$8,750

Federal Pell Grant

$5,770

Federal Direct Subsidized Loan

$3,500

Federal Direct Unsubsidized Loan

$2,000

Total Award Package

$28,020

 

Estimated Balance Due

(Direct Costs*** minus Total Award Package)

$10

Other Opportunities

Federal Work Study

$2,500

Federal Direct PLUS Loan

$2,810

Anna: Commuter student with twin sister

Anna and her twin sister grew up in Indiana and are both starting college this year. Dad manages a local grocery store and Mom works at a bank. Together, Anna’s parents had an adjusted gross income of $81,500 and have about $1,000 in savings. Anna did not have a job and only has about $10 in her checking account. The family’s EFC is $5,789. Anna is planning to live at home and commute to classes.

  • GPA: 3.8
  • SAT: 1360

Anna’s Total Financial Aid Award Package: $29,541

Description Amount

Tuition and Fees

$28,030

Other Expenses* (books, transportation, etc.)

$5,300

Total Cost of Attendance

$33,330

EFC**

-$5,789

Financial Need

$27,541

 

Bethel College Scholarship

$16,000

Indiana 21st Century Scholarship

$8,041

Federal Direct Subsidized Loan

$3,500

Federal Direct Unsubsidized Loan

$2,000

Total Award Package

$29,541

 

Estimated Balance Due

(Direct Costs*** minus Total Award Package)

-$1,511

Other Opportunities

Federal Direct PLUS Loan

$3,789

Emily: Residential student from out of state, family of six

Emily grew up in Illinois, and she is the first of the four kids in her family to go to college. Dad works at a para-church organization, and Mom works part-time in a dentist’s office. Together, they had an adjusted gross income of $81,500, but they don’t have anything in savings, beyond their retirement accounts. Emily did not have a job last year. The family’s EFC is $7,011.

  • GPA: 3.5
  • ACT: 26

Emily’s Total Financial Aid Award Package: $20,700

Description Amount

Tuition and Fees

$28,030

Room and Board

$8,880

Other Expenses* (books, transportation, etc.)

$3,900

Total Cost of Attendance

$40,810

EFC**

-$7,011

Financial Need

$33,799

 

Bethel College Scholarship

$14,000

Bethel College Pilot Grant

$1,200

Federal Direct Subsidized Loan

$3,500

Federal Direct Unsubsidized Loan

$2,000

Total Award Package

$20,700

 

Estimated Balance Due

(Direct Costs*** minus Total Award Package)

$16,210

Other Opportunities

Federal Work Study

$2,500

Federal Direct PLUS Loan

$17,610

Zach: Residential student from out of state, dad owns his business

Growing up in Michigan with his two younger brothers, Zach is excited to live on campus this year. Dad owns a small business and Mom works in the office with Dad. Together, they had an adjusted gross income of $37,000 and have about $42,000 in investments. Zach worked hard last year and earned about $7,000. The family’s EFC is $0.

  • GPA: 3.2
  • ACT: 23

Zach’s Total Financial Aid Award Package: $24,920

Description Amount

Tuition and Fees

$28,030

Room and Board $8,880

Other Expenses* (books, transportation, etc.)

$3,900

Total Cost of Attendance

$40,810

EFC**

$0

Financial Need

$40,810

 

Bethel College Award

$12,000

Federal SEOG Award

$1,500

Federal Pell  Grant

$5,920

Federal Direct Subsidized Loan

$3,500

Federal Direct Unsubsidized Loan

$2,000

Total Award Package

$24,920

 

Estimated Balance Due

(Direct Costs*** minus Total Award Package)

$11,990

Other Opportunities

Federal Work Study

$2,500

Federal Direct PLUS Loan

$13,390

Alex: Residential student, mom homeschools three sisters

Alex grew up in Indiana with his three sisters. Dad works at the local television station, and Mom home-schools Alex’s younger sisters. Together, they had an adjusted gross income of $40,000. Alex didn’t have a job last year, so he didn’t report any earnings or savings. The family’s EFC is $0. Alex is hoping to live on campus this year.

  • GPA: 3.6
  • SAT: 1200

Alex’s Total Financial Aid Award Package: $34,420

Description Amount

Tuition and Fees

$28,030

Room and Board

$8,880

Other Expenses* (books, transportation, etc.)

$3,900

Total Cost of Attendance

$40,810

EFC**

$0

Financial Need

$40,810

 

Bethel College Scholarship

$14,000

Indiana Frank O'Bannon Grant

$9,000

Federal Pell  Grant

$5,920

Federal Direct Subsidized Loan

$3,500

Federal Direct Unsubsidized Loan

$2,000

Total Award Package

$34,420

 

Estimated Balance Due

(Direct Costs*** minus Total Award Package)

-$2,490

Other Opportunities

Federal Work Study

$2,500

Federal Direct PLUS Loan

$3,890

Henry: Independent student with associate’s degree, attending full-time to complete bachelor’s degree

Henry is 24 years old, and has just completed his associate’s degree at a local junior college in Indiana. He now wants to finish his bachelor’s degree and plans to attend full-time and commute to class. Henry earned about $14,500 last year, even though he wasn’t able to save much while attending school part-time. His EFC is $1,421.

  • College GPA: 3.47

Henry’s Total Financial Aid Award Package: $36,020

Description Amount

Tuition and Fees

$28,030

Other Expenses* (books, transportation, etc.)

$13,498

Total Cost of Attendance

$41,107

EFC**

-$1,421

Financial Need

$40,107

 

Bethel College Award

$10,000

Indiana Frank O'Bannon Grant

$7,750

Federal Pell  Grant

$5,770

Federal Direct Subsidized Loan

$5,500

Federal Direct Unsubsidized Loan

$7,000

Total Award Package

$36,020

 

Estimated Balance Due

(Direct Costs*** minus Total Award Package)

-$7,990

Other Opportunities

Federal Work Study

$2,500

Footnote Key

* Other Expenses reflect costs a family will incur during the academic year but will not actually pay to Bethel University. They include, but are not limited to, books and supplies, transportation costs, and other personal expenses.

** EFC is the Expected Family Contribution, as calculated by the US Department of Education from information supplied on the FAFSA.

*** Direct Costs reflect the amounts that will be reflected on a student’s bill from Bethel University. They include, but are not limited to, tuition and fees, as well as room and board for students living on campus.