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Case 1

Parent Information
Family Size
4
Number in college
1
Adjusted Gross Income
19883
Federal taxes paid
0
Untaxed income
0
Parent Contribution
0
Student Information
Adjusted Gross Income
0
Federal taxes paid
0
Cash & savings
100
Student Contribution
0
Expected Family Contribution
Cost of Attendance
17216
Less EFC
0
Equals Need
17216
Programs which apply toward need:
Federal Pell Grant
5550
Federal Supplement Grant
1200
Minnesota State Grant
1959
Scholarships, outside agency, tuition waiver, etc.
0
Federal Work-study
2300
Federal Perkins Loan
2000
Federal Subsidized Loan
3500
Total Aid to Meet Financial Need
16509
Programs which apply toward need & EFC:
Federal Unsubsidized Loan
707
Alternative Loan
0
Federal PLUS Loan
0
Total Aid to Meet Remaining Need & EFC
707
Total Aid from All Programs
17216

Freshmen Example Case 2

Parent Information
Family Size
6
Number in college
2
Adjusted Gross Income
65738
Federal taxes paid
119
Untaxed income
0
Parent Contribution
2609
Student Information
Adjusted Gross Income
0
Federal taxes paid
0
Cash & savings
25
Student Contribution
5
Expected Family Contribution
Cost of Attendance
17216
Less EFC
2614
Equals Need
14602
Programs which apply toward need:
Federal Pell Grant
2900
Federal Supplement Grant
1200
Minnesota State Grant
1603
Scholarships, outside agency, tuition waiver, etc.
0
Federal Work-study
2300
Federal Perkins Loan
2000
Federal Subsidized Loan
3500
Total Aid to Meet Financial Need
13503
Programs which apply toward need & EFC:
Federal Unsubsidized Loan
2000
Alternative Loan
1713
Federal PLUS Loan
0
Total Aid to Meet Remaining Need & EFC
3713
Total Aid from All Programs
17216

Freshmen Example Case 3

Parent Information
Family Size
5
Number in college
2
Adjusted Gross Income
78828
Federal taxes paid
2564
Untaxed income
14595
Parent Contribution
8640
Student Information
Adjusted Gross Income
0
Federal taxes paid
0
Cash & savings
400
Student Contribution
80
Expected Family Contribution
Cost of Attendance
17216
Less EFC
8720
Equals Need
8496
Programs which apply toward need:
Federal Pell Grant
0
Federal Supplement Grant
0
Minnesota State Grant
0
Scholarships, outside agency, tuition waiver, etc.
1000
Federal Work-study
2300
Federal Perkins Loan
0
Federal Subsidized Loan
3500
Total Aid to Meet Financial Need
6800
Programs which apply toward need & EFC:
Federal Unsubsidized Loan
2000
Alternative Loan
8416
Federal PLUS Loan
0
Total Aid to Meet Remaining Need & EFC
10416
Total Aid from All Programs
17216

Freshmen Example Case 4

Parent Information
Family Size
4
Number in college
2
Adjusted Gross Income
67781
Federal taxes paid
1854
Untaxed income
0
Parent Contribution
4139
Student Information
Adjusted Gross Income
1780
Federal taxes paid
0
Cash & savings
300
Student Contribution
60
Expected Family Contribution
Cost of Attendance
17216
Less EFC
4199
Equals Need
13017
Programs which apply toward need:
Federal Pell Grant
1400
Federal Supplement Grant
1200
Minnesota State Grant
1342
Scholarships, outside agency, tuition waiver, etc.
0
Federal Work-study
2300
Federal Perkins Loan
2000
Federal Subsidized Loan
3500
Total Aid to Meet Financial Need
11742
Programs which apply toward need & EFC:
Federal Unsubsidized Loan
2000
Alternative Loan
3474
Federal PLUS Loan
0
Total Aid to Meet Remaining Need & EFC
5474
Total Aid from All Programs
17216

Freshmen Example Case 5

Parent Information
Family Size
4
Number in college
1
Adjusted Gross Income
109203
Federal taxes paid
9331
Untaxed income
0
Parent Contribution
21169
Student Information
Adjusted Gross Income
0
Federal taxes paid
0
Cash & savings
120
Student Contribution
24
Expected Family Contribution
Cost of Attendance
17216
Less EFC
-21193
Equals Need
0
Programs which apply toward need:
Federal Pell Grant
0
Federal Supplement Grant
0
Minnesota State Grant
0
Scholarships, outside agency, tuition waiver, etc.
1500
Federal Work-study
0
Federal Perkins Loan
0
Federal Subsidized Loan
0
Total Aid to Meet Financial Need
1500
Programs which apply toward need & EFC:
Federal Unsubsidized Loan
5500
Alternative Loan
7500
Federal PLUS Loan
2716
Total Aid to Meet Remaining Need & EFC
15716
Total Aid from All Programs
17216

EXAMPLES

CASE 1

Family Size:
4
College students:
1
AGI:
$19,883

CASE 2

Family Size:
6
College students:
2
AGI:
$65,738

CASE 3

Family Size:
5
College students:
2
AGI:
$78,828

CASE 4

Family Size:
2
College students:
2
AGI:
$67,781

CASE 5

Family Size:
4
College students:
1
AGI:
$109,203
.
.

 
 
  • 2014-2015 Priority Application Date: The 2014-2015 Financial Aid process must be completed by March 31, 2014 to be considered for Federal SEOG Grants, Perkins Loans, and Work Study funds.
  • Federal Pell Grant recipients must finalize all registration within the first 30 days of the semester. A student  who withdraws from a course within the first 30 days of the semester will have their Pell award reduced to the adjusted level of enrollment.
  • A completed FAFSA must be received by the Federal Aid Processing Center within the first 30 days of the semester to be eligible for a Minnesota State Grant.