Sample Financial Aid Situations
The following hypothetical cases give you an idea of how some typical financial aid situations might be reviewed. You may use these cases as guidelines, but remember that we consider every application for financial aid on an individual basis and may look at many more variables than those shown here.
Price Wright
Price's father is a salesman who earns $60,000 per year. His mother is a part-time substitute teacher who earns $20,000 per year. His parents' untaxed income is $3,000 and net assets are $15,000. Price has two younger sisters in middle school. Price earned $1,200 in his part-time job last year and saved $300.
Price has a 3.4 GPA, ranks 45 out of 250 in his class, and his ACT score is 24. Price is a member of the Presbyterian Church, USA.
| Price's Direct Costs at Muskingum | |
| Estimated 2022-2023 total direct costs | $43,352 |
| Price's Financial Aid Package from Muskingum | |
| Muskingum Academic Scholarship | $16,000 |
| Housing Scholarship | $1,000 |
| Presbyterian Grant | $1,000 |
| Muskingum University Grant | $3,500 |
| Work Award | $1,000 |
| Federal Direct Stafford Loan (subsidized) | $3,500 |
| Federal Direct Stafford Loan (unsubsidized) | $2,000 |
Price and his family will be responsible for the remaining costs to attend Muskingum plus personal expenses. If Price takes both the subsidized and unsubsidized Stafford Loans, and uses his work-study earnings ($1,000) towards personal expenses, the direct educational costs to the family will be about $16,352. They could pay half each semester, join a monthly payment plan or apply for the Parent PLUS Loan or a Private Loan.
Sasha Deal
Sasha's parents are divorced and she lives in Ohio with her mother, who earns $25,000 per year. She has a younger brother who lives at home. Sasha's mother receives $300 per month in child support and has net assets of $5,000. Sasha earned about $200 last year and has no savings.
Sasha has a 3.1 GPA and has an ACT score of 21. She has been active in volunteering and community service.
| Sasha's Direct Costs at Muskingum | |
| Estimated 2022-2023 total direct costs | $43,352 |
| Sasha's Financial Aid Package from Muskingum | |
| Muskingum Academic Scholarship | $15,000 |
| Housing Scholarship | $1,000 |
| Horizon Award | $1,000 |
| Federal Supplemental Educational Opportunity Grant | $1,000 |
| Federal Pell Grant | $6,895 |
| Ohio College Opportunity Grant | $4,200 |
| Work Award | $1,000 |
| Federal Direct Stafford Loan (subsidized) | $3,500 |
| Federal Direct Stafford Loan (unsubsidized) | $2,000 |
| Muskingum University Loan | $2,000 |
Sasha and her family will be responsible for the remaining costs to attend Muskingum plus personal expenses. If Sasha takes both the subsidized and unsubsidized Stafford Loans, and uses her work-study earnings ($1,000) toward personal expenses, the direct cost to the family will be about $6,757. They could pay half each semester, join a monthly payment plan or apply for the Parent PLUS Loan or a Private Loan.