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How have you packaged financial aid for some Doane families?*

*Examples are based on the 2010-11 need analysis formula.

Kelly 
Kelly is a junior and attends Doane full time. She was in the top five percent of her high school class and had an ACT score of 28. Kelly has maintained a 3.74 grade point average (GPA) and continues to receive an academic scholarship. Kelly earned $856 last year and has $300 in savings. Kelly's parents both work and have a combined income of $72,665, with $5,000 in savings. Kelly's sister is in high school. The results from the FAFSA show an expected contribution of $12,000.

Estimated direct cost for year (based on 2010-11) = $28,630
Family Contribution = $12,000
Financial need/eligibility = $16,630

Kelly's Financial Aid Package 
Faculty Merit = $500 
Doane Grant = $3,000
Van Hoy Academic Scholarship = $7,000
Federal Stafford Loan = $7,500 
Total Financial Aid = $18,500

Andy 
Andy is a sophomore at Doane College. His ACT score was 23. Andy has maintained a 3.0 cumulative grade point average and is an active basketball player. Andy's family doesn't file the FAFSA form.

Andy's Financial Aid Package 
Extracurricular Scholarship-basketball = $2,500
Doane Community Grant = $5,000
Total Financial Aid = $7,500

Jane 
Jane is a first-year student. Her ACT score is 26. Jane worked part-time and earned $1,982. She has $500 in savings. She received a scholarship from her community for $1,500. Jane also enjoys music and auditioned for band and vocal scholarships. Jane is a resident of Nebraska. Jane's parents are both employed outside the home. The family's total income is $36,950. They own a home and have $22,000 in savings. Jane's brother is in college, and her sister is still in high school. The results from the filing the FAFSA show an expected contribution of $2,175

Estimated direct cost for year (based on 2010-11) = $28,630
Family Contribution = $2,175
Financial need/eligibility for aid = $22,385

Jane's Financial Aid Package 
Board of Trustee Academic Scholarship = $8,500 
Music Scholarship - Band = $2,000 
Music Scholarship - Vocal = $2,000 
Federal Pell Grant = $3,400
Federal Supplemental Educational Opportunity Grant (FSEOG) = $200 
Nebraska State Grant = $1,300 
Federal Work Study (FWS) = $1,650 
Federal Perkins Loan = $2,000
Federal Stafford Loan = $5,500
Total Financial Aid = $26,550