Sample Aid Award Packages
See examples of what your CCS award package might look like.
Sample Financial Aid Award Packages
| Academic Year 2012 - 2013 | Student A | Student B | Student C | Student D |
|---|---|---|---|---|
| MI Resident EFC = 0 High Need Outstanding Ability | MI Resident EFC = 11014 Med High Need Average Ability | Non-Res EFC = 23722 Med Need Outstanding Ability | Non-Res EFC = nonfiler No Need Above Avg Ability | |
| Tuition, Fees and Housing | ||||
| Tuition and Fees | $34,376 | $34,376 | $34,376 | $34,376 |
| Housing and Meal Plan | $8,100 | $8,100 | ||
| Total Tuition, Fees and Housing | $34,376 | $34,376 | $42,476 | $42,476 |
| Scholarships and Grants | ||||
| CCS Scholarship | $11,000 | $6,000 | $11,000 | $8,000 |
| CCS Tuition Grant | $500 | $1,150 | $2,500 | $0 |
| Federal Pell Grant | $5,550 | $0 | $0 | $0 |
| Michigan Tuition Grant | $1,512 | $1,512 | $0 | $0 |
| Total Scholarships and Grants | $18,562 | $8,662 | $13,500 | $8,000 |
| Amount Due After Scholarships and Grants | $15,814 | $25,714 | $28,976 | $34,476 |
| Student Loans | ||||
| Federal Subsidized and/or Unsubsidized Stafford Loans (available to all students) | $5,500 | $5,500 | $5,500 | $0 |
| Amount Due After Scholarships, Grants and Student Loans | $10,314 | $20,214 | $23,476 | $34,476 |
| Payment Options | ||||
| Amount Due September 30, 2012 | $5,157 | $10,107 | $11,738 | $14,488 |
| Amount Due January 31, 2013 | $5,157 | $10,107 | $11,738 | $14,488 |
| Amount due each month on 10-month Payment Plan through TMS (TMS charges an annual enrollment fee of $55) | $1,031 | $2,021 | $2,348 | $3,448 |
| Additional Loans Available | ||||
| Optional Federal Plus or Private Loans Available - maximum allowed (must be approved by lending institution) | $25,714 | $35,614 | $35,276 | $0 |
Definitions
EFC – The EFC (Expected Family Contribution) is used by colleges to determine a student's financial aid package. It represents the amount of money a family can reasonably be expected to contribute toward college expenses. After completing the FAFSA, a student will receive a Student Aid Report (SAR) that includes the EFC. The Federal Student Aid Office (part of the U.S. Department of Education) determines the EFC through an assessment of income, investments and savings.
Ability – The ability rating is determined by a combination of artisit ability (portfolio) and academic ability (GPA and ACT or SAT scores - test scores not required for transfer students)
