Sample Financial Aid Package C
A student who does not qualify for any state or federal grants
This sample financial aid package is for Christian ministry and leadership major degree completion students who have a low need and whose expected family contribution (EFC) is $5,274.00 or greater.
Please refer to the bottom of the page for an explanation of terms.
Fall Start
| Direct Cost |
Fall |
Spring |
Fall |
Total |
|
$ 6,834.50 |
$ 5,373.50 |
$ 5,841.50 |
$ 18,049.50 |
| Grants & Scholarships |
| Total |
$ 0.00 |
$ 0.00 |
$ 0.00 |
$ 0.00 |
Remaining Need
Before Loans |
$ 6,834.50 |
$ 5,373.50 |
$ 5,841.50 |
$ 18,049.50 |
| Loans |
Direct -
subsidized (3.4%) |
$ 2,750.00 |
$ 2,750.00 |
$ 3,437.00 |
$ 8,937.00 |
Direct -
unsubsidized (6.8%) |
$ 3,500.00 |
$ 3,500.00 |
$ 4,375.00 |
$ 11,375.00 |
| Total |
$ 6,250.00 |
$ 6,250.00 |
$ 7,812.00 |
$ 20,312.00 |
| Remaining Need |
$ 584.50 |
-$ 876.50 |
-$ 1,970.50 |
-$ 2,262.50 |
Spring Start
| Direct Cost |
Spring |
Fall |
Spring |
Total |
|
$ 6,834.50 |
$ 5,373.50 |
$ 5,841.50 |
$ 18,049.50 |
| Grants & Scholarships |
| Total |
$ 0.00 |
$ 0.00 |
$ 0.00 |
$ 0.00 |
Remaining Need
Before Loans |
$ 6,834.50 |
$ 5,373.50 |
$ 5,841.50 |
$ 18,049.50 |
| Loans |
Direct -
subsidized (3.4%) |
$ 5,500.00 |
$ 2,750.00 |
$ 2,750.00 |
$ 11,000.00 |
Direct -
unsubsidized (6.8%) |
$ 7,000.00 |
$ 3,500.00 |
$ 3,500.00 |
$ 14,000.00 |
| Total |
$12,500.00 |
$ 6,250.00 |
$ 6,250.00 |
$ 25,000.00 |
| Remaining Need |
-$ 5,665.50 |
-$ 876.50 |
-$ 408.50 |
-$ 6,950.50 |
Explanation of Terms
- Negative (-) Numbers
- Any amount given as a negative is extra money that would go to the student in the form of a check.
- Loans
- There is a .5% fee on all loans. The math shown here does not reflect it having been subtracted.
- Church Match Option
- FPU will match up to $250 a semester on what your church gives you as a scholarship.
- SEOG
- There is a limited amount of this grant; an EFC of $0 is required. It is offered on a first come, first served basis.
- Perkins
- There is a limited amount of this loan. It is offered on a first come, first served basis.
- Parent PLUS Loan
- Only dependents receive this loan through their parents.
- Cal Grant
- A recipient of the Cal Grant A will not receive the stipend.
- Alternative Loan
- This is a credit based loan that goes into immediate repayment. The interest rate is dependent on the bank.
