University of Evansville : Examples of Financial Aid Awards

Examples of Awards to Fall 2007 Freshmen

The following are actual financial aid packages offered to freshmen who entered UE in the fall of 2007. When calculating the balance due to UE we used $31,990 - the 2007-08 charges for tuition, fees, meals, and a middle-priced residence hall. The "Evansville weighted GPA" refers to a special GPA calculated by our Office of Admission, using only the student's college preparatory classes and adding a quality point for honors or advanced courses.

Example 1:

Family of four from Indiana/two students in college; Adjusted Gross Income = $70,000
Student profile: Evansville weighted GPA 3.90; SAT (critical reading plus math) 1180


Academic Scholarship	$11,000
Indiana State Grants	$6,085
Federal Work-study	$1,300
Federal Perkins Loan	$2,500
Federal Subsidized Stafford Loan	$3,500
Local Scholarships (2)	$2,000
TOTAL	$26,385

The balance due for this family was $5,605. The family has elected to use the University of Evansville's 12-month payment plan and is paying $467month.

Example 2:

Family of four from Tennessee/one student in college; Adjusted Gross Income = $41,000
Student profile: Evansville weighted GPA 4.09; ACT 28

Academic Scholarship	$12,000
University of Evansville Grant	$2,000
Federal Pell Grant Federal Academic Competitiveness Grant Federal Work-study	$860 $750 $1,300
Federal Perkins Loan	$1,000
Federal Subsidized Stafford Loan	$3,500
Local Scholarship	$500
TOTAL	$21,910

The balance due for this family was $10,080. The family has borrowed $11,000 on a Parent Loan for Undergraduate Students (PLUS) and pays approximately $139/month on this loan.

Example 3:

Family of five from Texas/one student in college; Adjusted Gross Income = $200,000
Student profile: Evansville weighted GPA 3.40; ACT 25

Theatre Scholarship	$10,000
Federal Unsubsidized Stafford Loan	$3,500
TOTAL	$13,500

The balance due for this family was $18,490. The family pays $9,245/semester.

Example 4:

Family of four from Indiana/one student in college; Adjusted Gross Income = $21,000
Student profile: Evansville weighted GPA 3.67; SAT (critical reading plus math) 1160; Indiana Twenty-First Century Scholar

First Choice Achievers Award	$12,718
Indiana State Grants	$10,472
Twenty-First Century Scholar Grant	$520
Federal Pell Grant	$4,310
Federal Subsidized Stafford Loan	$3,500
Local Scholarship	$2,000
TOTAL	$33,520

This family does not owe a balance. Student receives cash credit from loan proceeds.