These are some examples of possible financial aid given to students.
|
Home State
|
Student 1
MN
|
Student 2
PA
|
Student 3
CA
|
Student 4
IL
|
Student 5
IL
|
|
Parents' Finances
|
|
|
|
|
|
|
Adjusted Gross Income
|
$97,500 |
$85,500 |
$133,000 |
$30,000 |
$164,000 |
|
Savings and Investments
|
$37,500 |
$141,000 |
$1,000 |
$500 |
$15,000 |
|
Home Equity
|
$220,000 |
$185,000 |
$80,000 |
$8,000 |
$217,000 |
|
Family Size
|
5 |
4 |
3 |
5 |
4 |
|
Number of children in college
|
2 |
1 |
1 |
1 |
2 |
|
Student ACT/SAT score
|
1150 |
28 |
1450 |
1250 |
34 |
|
Student Unweighted High School GPA (4.0 scale)
|
3.5 |
3.4 |
3.9 |
3.8 |
4 |
| |
|
|
|
|
|
|
Total Direct Cost
|
$38,680 |
$38,680 |
$38,680 |
$38,680 |
$38,680 |
| |
|
|
|
|
|
|
Financial Aid Award
|
|
|
|
|
|
|
Merit-based Academic Scholarship
|
$0 |
$0 |
$3,500 |
$0 |
$3,500 |
|
Federal Need-based Grant
|
$0 |
$0 |
$0 |
$7,150 |
$0 |
|
State Need-based Grant
|
$0 |
$370 |
$0 |
$4,720 |
$0 |
|
Wheaton Institutional Grant
|
$19,344 |
$10,995 |
$2,358 |
$15,374 |
$11,061 |
|
Total grant/gift aid
|
$19,344 |
$11,365 |
$5,858 |
$27,244 |
$14,561 |
|
|
|
|
|
|
|
|
Cost after gift aid (Net Price)
|
$19,336 |
$27,315 |
$32,822 |
$11,436 |
$24,119 |
|
Student Loan eligibility
|
$7,500 |
$7,500 |
$5,500 |
$7,500 |
$5,500 |
| |
|
|
|
|
|
|
Balance Due
|
$11,836 |
$19,815 |
$27,322 |
$3,936 |
$18,619 |
| |
|
|
|
|
|
|
Payments
|
|
|
|
|
|
|
Outside Scholarship
|
- |
$1,500 |
- |
$500 |
- |
|
Parent PLUS Loan
|
- |
$5,000 |
$10,000 |
- |
- |
|
Payment from savings
|
- |
$4,000 |
- |
- |
- |
|
Monthly Payments:
10-month Wheaton Installment Plan (WIP)
|
$1,184 |
$932 |
$1,732 |
$344 |
$1,862 |