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Financing your education
is one of the most significant investments that you
and your family will ever make. It is also the most
important.
Most families want to invest as
little as possible, and get the greatest return. Methodist
University students get all of the benefits of a private
college education – small classes, individual
attention, challenging academics and supportive faculty,
to name a few – while reaping the benefits of
generous financial aid, which makes Methodist University
a great value.
The following financial aid scenarios
reflect actual financial aid packages offered to incoming
Methodist University students and are intended to
give you an idea of the variety and depth of financial
aid offerings at MC. Identifying characteristics such
as name, hometown and extracurricular activities have
been altered to ensure the privacy of our students.
2007-2008 Tuition and Fees: $20,480
2007-2008 Room and Board (19 meals/week): $7,800
| Student:
Paige, Cleveland, OH
Number in Family: 4
Family Members in college: 2
Family Adjusted Gross Income: $88,320
Assets/Non-Retirement investments: $4,000
EFC:
$8,101
GPA/SAT: 3.72 /1120
Financial Aid Package
$10,000 Presidential
Scholarship
$200 MU
Founders Grant
$1,000 Greatest
Gift Alumni Scholarship
$500 MU
Honors Program Scholarship
$2,000 Outside Scholarship
$3500 Subsidized
Stafford Loan
$1,300 Federal
Work-Study
$11,080 balance after financial
aid*
|
Student:
Allison, Raleigh, NC
Number in Family: 4
Family Members in college: 2
Family Adjusted Gross Income: $107,000
Assets/Non-Retirement investments: $7,000
EFC:
$11,006
GPA/SAT: 3.0/1010
Financial Aid Package
$4,000 Merit
Scholarship
$3,100 MU
Founders Grant
$1,900 North Carolina Legislative Tuition Grant (NCLTG)
$1,400 NC
State Contractual Scholarship
$3500 Subsidized
Stafford Loan
$1,300 Federal
Work-Study
$14,380 balance after financial
aid*
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Student: Darren,
Miami, FL
Number in Family: 2
Family Members in college: 1
Family Adjusted Gross Income: $16,245
Assets/Non-Retirement investments: 0
EFC:
0
GPA/SAT: 3.71/890
Financial Aid Package
$4,310 Federal
Pell Grant
$3,500 Federal
Supplemental Education Opportunity Grant (SEOG)
$750 Academic Competitiveness Grant
$11,000 MU
Founders Grant
$1,000 Outside Scholarship
$3,500 Subsidized
Stafford Loan
$4,000 Unsubsidized
Stafford Loan
$1,600 Federal
Work-Study
$220 balance after financial
aid*
|
Student: Emily,
Roanoke, VA
Number in Family: 3
Family Members in college: 1
Family Adjusted Gross Income: $89,900
Assets/Non-Retirement investments: $27,000
EFC:
$18,089
GPA/SAT: 4.08/1230
Financial Aid Package
$11,000 Presidential
Scholarship
$500 MU
Honors Program Scholarship
$3,500 Unsubsidized
Stafford Loan
$13,280 balance after financial
aid
|
Students: Christopher
and Timothy (twins), Wilkesboro, NC
Number in Family: 4
Family Members in college: 2
Family Adjusted Gross Income: $67,875
Assets/Non-Retirement investments: 0
EFC:
$4,541
GPA/SAT: 2.73/930, 2.87/950
Financial Aid Package (Each
Student)
$7,500 MU
Founders Grant
$1,000 Pastor’s
Certificate
$1,900 North Carolina Legislative Tuition Grant (NCLTG)
$2,100 NC
State Contractual Scholarship
$2.500 NC Education Lottery Scholarship
$2,500 United Methodist Student Loan
$3,500 Subsidized
Stafford Loan
$1,600 Federal
Work-Study
$7,280 balance after financial
aid*
|
Student: Robert,
Edenton, NC
Number in Family: 4
Family Members in college: 1
Family Adjusted Gross Income: $167,600
Assets/Non-Retirement investments: $45,000
EFC:
$44,199
GPA/SAT: 2.82/870
Financial Aid Package
$3,000 MC
Scholarship Vocal Ensemble Scholarship
$2,000 MU
Founders Grant
$1,900 North Carolina Legislative Tuition Grant (NCLTG)
$3,500 Unsubsidized
Stafford Loan
$17,880 balance after financial
aid
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Student: Samantha,
Point Pleasant, NJ
Number in Family: 4
Family Members in college: 1
Family Adjusted Gross Income: $76,648
Assets/Non-Retirement investments: $121,000
EFC:
$15,909
GPA/SAT: 2.81/1120
Financial Aid Package
$6,700 MU
Opportunity Grant
$500 MU
Cheerleading/Dance Scholarship
$3,500 Subsidized
Stafford Loan
$1,000 Federal
Work-Study
$17,580 balance after financial
aid*
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Commuting Student:
Carrie, Hope Mills, NC
Number in Family: 3
Family Members in college: 1
Family Adjusted Gross Income: $26,934
Assets/Non-Retirement investments: 0
EFC:
$918
GPA/SAT: 3.68/1120
Financial Aid Package
$3,360 Federal
Pell Grant
$750 Academic Competitiveness Grant
$5,250 Presidential
Scholarship
$1,050 MU
Founders Grant
$1,000 Belk-Hensdale
Endowed Scholarship
$500 MU
Honors Program Scholarship
$1,900 North Carolina Legislative Tuition Grant (NCLTG)
$1,900 NC
State Contractual Scholarship
$3,500 Subsidized
Stafford Loan
$1,200 Federal
Work-Study
$1,270 balance after financial
aid*
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Independent, Commuting Student:
Sam, Fayetteville, NC
Number in Family: 3
Family Members in college: 1
Family Adjusted Gross Income: $23,487
Assets/Non-Retirement investments: 0
EFC:
$44
GPA/SAT: 3.17 on 42 SH (college)
Financial Aid Package
$4,260 Federal
Pell Grant
$1,900 North Carolina Legislative Tuition Grant (NCLTG)
$1,800 NC
State Contractual Scholarship
$4,500 Transfer
Presidential Scholarship
$1,600 MU
Founders Grant
$4,500 Subsidized
Stafford Loan
$2,000 Unsubsidized
Stafford Loan
($80) credit balance after
financial aid
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*Work-Study earnings are paid directly to the student,
rather than being subtracted from the cost of the
university.
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