College Financial Aid Planning Report

Transcription

1 College Financial Aid Planning Report Prepared For: Diane Smith Dave Smith John Smith 123 Main St Fort Worth, TX National Collegiate Advisors, Inc. Nathaniel C. Advisor st Ave SE Cedar Rapids, IA (319) FAX (319)

2 Your Personal Financial Aid Plan Table of Contents I. Is Your Student Eligible for Financial Aid? II. III. IV. Applying for Aid Federal Financial Aid Programs Parent Statement of Income and Assets V. Student Statement of Income and Assets VI. VII. VIII. IX. Planning Strategies EFC Analysis College Cost and Aid Information Free Application for Federal Student Aid (FAFSA) Answer Key X PROFILE Registration Answer Key XI PROFILE Application Answer Key Your College Financial Aid Planning Report is based on the personal and financial information you have provided. Please review the information for accuracy. The number one reason for delays in the processing of aid applications is errors in entering data on the application. If you get financial aid based on incorrect information, you will have to pay it back; you may also have to pay fines and fees. If you purposely give false or misleading information on your application, you may be fined $10,000, sent to prison or both. A FAFSA Answer Key, PROFILE Registration Answer Key and PROFILE Application Answer Key are provided at the end of this report. The answer keys are for the school year only. Application questions and question numbers change annually. The answer keys are based on the information you provided. It is necessary to transfer this information to the official FAFSA and PROFILE applications in order to apply for financial aid. Check with the financial aid office at each college to which you are applying to see which forms they require. Some colleges may also have their own institutional aid forms that you will be required to complete. Be sure to find out the date of each school s deadline for the filing of your financial aid information.

3 Is Your Student Eligible for Financial Aid? Eligibility for most of the Federal student aid programs is based on FINANCIAL NEED. However, in addition to having financial need, the Federal student aid programs require that a student recipient: Have a high school diploma, a General Education Development (GED) certificate, or pass an independently administered examination approved by the Department of Education. Enroll as a regular student in an eligible degree or certificate program. Attend a college that participates in the Federal student aid programs. Be a U.S. citizen or eligible non-citizen. Have a valid Social Security Number. Make satisfactory academic progress. Register with the selective service, if required. Must not owe a refund on a Federal grant or be in default on a Federal educational loan. Sign a Statement of Updated Information, Anti-Drug Abuse Act Certification, Educational Purpose. In order to qualify for Federal financial aid, the above criteria must also be met. The college of your choice may also have other specific requirements for use in determining eligibility for institutional aid. Be sure to ask the financial aid officer at each school you are considering what, if any, requirements the college has in addition to those outlined above. What is Financial Need? The Higher Education Act of 1965, the law that governs student aid, states that it is the parents responsibility to educate their children beyond the 12th grade. However, more importantly, the law also states that if a family can demonstrate NEED, then the government will assist in paying for such an education. The term NEED is not to be confused with NEEDY, which most people think they have to be to qualify for Federal, state and college financial aid. It is very important that you know and understand the basic formula to demonstrate NEED and how the formula affects you. It is the basic framework that will determine how much aid you will receive at a given college. COST OF ATTENDANCE - FAMILY CONTRIBUTION = NEED Cost of Attendance The financial aid administrator at each college develops an 'average Cost of Attendance' for different categories of students. Some programs of study may have lab fees or higher charges for books and supplies than other programs. Students living off-campus may have higher costs for room and board and additional transportation expenses than students living on campus. For Federal student aid programs, the financial aid administrator must use the definition of Cost of Attendance given The family contribution calculations and the financial aid eligibility analysis are projections and are not guaranteed.

4 For Federal student aid programs, the financial aid administrator must use the definition of Cost of Attendance given in the financial aid law. The law specifies that the Cost of Attendance include tuition and fees, and an allowance for living expenses such as room and board, books, supplies and transportation costs. The law also provides limited allowances for computer expenses, dependent care and expenses for handicapped students. TUITION & FEES + ROOM + BOOKS + TRANSPORTATION + MISC. EXPENSES = COA Bear in mind, the Cost of Attendance can vary for each student at the same school depending on the above formula. Students in the same situation, however, must have the same Cost of Attendance. Family Contribution The next part of the formula is the Family Contribution. It is determined by the need analysis methodology prescribed by law for use in calculating a student s Expected Family Contribution (EFC). The Family Contribution is the amount you will be expected to contribute toward your student s educational expenses during the academic year. It must be recalculated every year. The method for gathering the personal and financial information necessary to calculate your Family Contribution is the Free Application for Federal Student Aid or the FAFSA, as the form is commonly referred to. For dependent students, your family contribution is the sum of four separate calculations: the contribution from parents income; the contribution from parents assets; the contribution from student s income, and the contribution from student s assets. Working with a professional who understands how Family Contribution is calculated is the key to lowering what you will be expected to pay. The best analogy of this is working with a tax advisor. Imagine if the Internal Revenue Service asked you to file all the information on your tax form without you having any way of knowing what you were going to pay or without any way of knowing the strategies that you could use to lower your tax bite. In this situation you would probably want to seek the advice of someone who knows the rules of the game. This is the situation with filing the FAFSA and Profile aid applications and you have taken the very important first step of seeking out knowledge about how the financial aid process works and how to improve your situation Need After subtracting your family contribution from the college's cost of attendance, what is left is your need. Your family contribution will be the same at every college but your need at each college will vary according to the college's overall cost. There are a growing number of colleges that, because of a lack of sufficient aid resources, fill only a set percentage of each student s demonstrated need. For example, at a school that fills 90% of need, a student that demonstrates $10,000 in need would only receive $9,000 in financial aid. At these colleges it is even more important that you have taken the very important first step of seeking out knowledge about how the financial aid process works and how to improve your situation. After all, 90% of $10,000 is much better than 90% of $5,000. Applying for Aid Since a family's financial situation can change from year to year, financial aid must be applied for annually. To be considered for aid, you should contact the financial aid office of the college you plan to attend as early as the fall term prior to the year you want to receive aid. High school students should contact financial aid offices in the fall term of their senior year in high school. General Rules You should always keep copies of all forms you submit as part of the financial aid process. This will help you keep track of what you have done and will make it easy for you to resubmit the required information if a form is lost. You should keep in touch with the financial aid office where you are applying for aid. Most problems arise when deadlines are missed. It is better to call a school a few times too often rather than miss their deadline. The family contribution calculations and the financial aid eligibility analysis are projections and are not guaranteed.

5 The Process 1. Get a Free Application for Federal Student Aid from the high school counselor or the college financial aid office. Find out from your college aid office whether there are additional forms you need to complete to be considered for institutional or state aid. Complete the forms as instructed and mail them to the appropriate office(s). 2. Find out the college's PRIORITY DEADLINE for applying for aid. This information should be in the school's catalog, or can be obtained by calling the financial aid office. Count back four to six weeks for processing time. Prior to that date, send your federal application to the processor as indicated in the form instructions. (For example, if the priority deadline is May 1, your federal application should be sent to the processor by mid-march.) Federal applications may not be filed before January 1 of the year in which aid is sought. The application should be filed as soon as possible after that date. The form asks for federal income tax information. The relevant tax return is the one for the most recently completed calendar year prior to the college term for which aid is requested. 3. In the appropriate area of the federal application form, indicate which college(s) you want the analysis of the federal application sent. Be sure to give the correct spelling and addresses for your colleges of choice, so your information will be forwarded to them. 4. When the processor completes the analysis of the financial information you have provided, the information will be made available to the colleges. 5. Contact the college aid office and make sure they have received all the information they need to consider you for local or state aid. If more information is needed, provide it promptly. 6. You will receive a summary statement from the processor. This summary is called a Student Aid Report (SAR), and it should be reviewed very carefully. Follow instructions for making corrections and return the form to the processor. Keep a copy of the corrected form. 7. Hand deliver or mail the original SAR or a copy of the corrected SAR to the financial aid office of the college you are interested in attending. 8. When the college finishes working with the SAR information, it will put together a financial aid package containing the types of aid it can offer each student. You will be informed of your aid offer via an award letter from the college. 9. If accepting the offer, you must sign the award letter, return it to the college and keep a copy. If rejecting the offer, let the school know immediately so the financial aid can be offered to other applicants. 10. The school will send you any additional applications it needs to process your request for financial aid. Fill them out promptly and return them, keeping copies. 11. If your family financial situation changes during the year and more or less financial aid is needed, inform the financial aid office. You will have to provide additional documentation to receive more aid, but schools may be able to provide more money. The family contribution calculations and the financial aid eligibility analysis are projections and are not guaranteed.

6 Federal Financial Aid Programs and Tax Provisions Federal Pell Grant For many students this provides a foundation for financial aid to which aid from other sources may be added. It is the government s largest grant program in terms of cost and is for undergraduates only. It is presumed to be the first source of aid to the student; therefore it does not consider other sources of aid. The amount of a Pell Grant award is based on Family Contribution as determined by EFC Methodology. A grant decreases in relation to Family Contribution so that together the grant and the Family Contribution do not exceed the cost of attendance. The maximum Pell Grant is $5,730 for the academic year. Federal Supplemental Education Opportunity Grant (SEOG) Again, this is a grant or free money. It is a grant to help first-time undergraduates with exceptional financial need as determined by the school. Students may receive up to $4,000 a year with a minimum grant of $100. It allows for an additional $400 a year for students in study-abroad programs that are more expensive than their college costs. There is no aggregate limit on the amount of SEOG that can be received. Federal Work-Study The college will make available a job for undergraduate students who will be paid by the hour at least at the current Federal minimum wage. The job may be on or off campus, students must be paid at least once a month and students cannot earn more than $300 above their total Work-Study award. Federal Direct Perkins Loan This is the first of the loan programs and it has very favorable terms. The amount students may borrow depends on the institution they attend. At institutions with low default rates (below 15%) and approval of the Secretary of Education, students may borrow more than at other institutions. Federal Direct Perkins Loan Limits Annual Limits Undergraduate Students $5,500 Graduate Students $8,000 Cumulative Limits Undergraduate Students $27,500 Graduate Students $60,000 The interest rate is 5%. The Federal government pays the interest on the loan while students have at least half-time status and for nine months after graduation or nine months after dropping below half-time status. If students enter their grace period and then re-enter school before the grace period expires, then they receive a new complete grace period when they again enter less than half time status. Students then have up to ten years to repay the loan. Federal Direct Loan A low interest loan made to students who have at least half-time status. The Federal government pays the interest on the loan until the loan enters its repayment phase. Direct Loans are made by the Department of Education by way of the individual colleges. The Direct Loan is an entitlement and therefore anyone and everyone who qualifies will The family contribution calculations and the financial aid eligibility analysis are projections and are not guaranteed.

7 the individual colleges. The Direct Loan is an entitlement and therefore anyone and everyone who qualifies will receive it. New Direct Loans in the academic year have a fixed rate of 3.86%. REPAYMENT OPTIONS: Students have a six-month grace period after graduation or after dropping below half-time status to begin repayment of the loan. The Direct Loan provides graduated, extended and income sensitive repayment options that the borrowers have to be offered six months prior to the beginning of repayment. The borrower may prepay all or part of a loan at any time without penalty. Federal Unsubsidized Direct Loan The Unsubsidized Federal Direct Loan has the same loan limits as need-based Direct Loans, but the interest is not paid by the government while borrowers are in college. Unsubsidized Direct Loans in the academic year have a fixed interest rate of 3.86% for undergraduate students and 5.41% for graduate students. A student may receive an Unsubsidized Direct Loan, even if he or she does not demonstrate financial need. The unsubsidized loan cannot exceed the student s cost of attendance minus other aid. Thus, the Unsubsidized Direct Loan is essentially allowed to replace a student s expected Family Contribution. A Direct Loan is unsubsidized when the student is responsible for the interest that accumulates while the student is enrolled in school. Only loan principal is deferred for the Unsubsidized Direct Loan. Payments of interest must be made during the in-school period, the grace period and during periods of deferment. Or interest may be allowed to accrue and be capitalized and added to the loan principal when payment begins, thus increasing the principal. It is possible for a student to qualify for a combination of subsidized and unsubsidized loan. In this case, the maximum loan amount applies to the total of the two loans. For example, a first year student receiving a $3,500 need-based Direct Loan could also receive a $2,000 un-subsidized loan. Federal Direct Loan Limits Annual Limits - Dependent Students Freshman Sophomore Junior Senior Graduate Student Subsidized $3,500 $4,500 $5,500 $5,500 Unsubsidized $2,000 $2,000 $2,000 $2,000 $20,500 Annual Limits - Independent Students/Dependent Students Denied PLUS Freshman Sophomore Junior Senior Graduate Student Subsidized $3,500 $4,500 $5,500 $5,500 Unsubsidized $6,000 $6,000 $7,000 $7,000 $20,500 Cumulative Limits - Dependent Students Undergraduate Graduate + Undergraduate $31,000 $138,500 Cumulative Limits - Independent Students/Dependent Students Denied PLUS Undergraduate Graduate + Undergraduate $57,500 $138,500 Independent students and dependent students whose parents have been turned down for a PLUS loan can borrow an additional unsubsidized $4,000 the first two years and $5,000 the remaining years. For independent students and for dependent students whose parents were denied a PLUS loan the cumulative limits are $57,500 and $138,500 respectively. The family contribution calculations and the financial aid eligibility analysis are projections and are not guaranteed.

8 Federal Direct Parent Loans for Undergraduate Students The Direct PLUS Loan program is for parents of undergraduate students. The Federal Parent Loan for Undergraduate Students (PLUS) lets parents borrow money to cover any costs not already covered by the student's financial aid package, up to the full cost of attendance. There is no cumulative limit. Direct PLUS Loans in the academic year have a fixed rate of 6.41%. Graduate and professional students are also able to borrow money through the PLUS Loan program to pay for their own education. Repayment begins within 60 days of disbursement and will generally extend from five to ten years. The loan may be deferred while students are in school but parents are responsible for the current interest. There is no prepayment penalty on the PLUS loan. It offers graduated and extended repayment options. American Opportunity Tax Credit The maximum credit per student per year is $2,500 (40% refundable). The credit is equal to 100% of the first $2,000 of qualified higher education expenses and 25% of the second $2,000 of qualified higher education expenses. The credit is phased out for taxpayers with adjusted gross incomes of $80,000 to $90,000 (single filers) and $160,000 to $180,000 (married filing jointly). The credit is allowed for four taxable years per student. The credit is only allowed for the first four years of post-secondary education. The student must be enrolled at least half time for at least one semester that begins during the tax year. Multiple American Opportunity tax credits may be claimed in the same year if the family has multiple students that meet the guidelines. It is on a per-student basis. You cannot take both the American Opportunity Tax Credit and the Tuition and Fees Deduction for the same student in the same tax year. Lifetime Learning Tax Credit The credit is equal to 20% of the first $10,000 of qualified higher education expenses paid by the taxpayer for all eligible students. The maximum credit is $2,000. The credit is phased out for taxpayers with adjusted gross incomes of $51,000 to $61,000 (single filers) and $102,000 to $122,000 (married filing jointly). The credit may be claimed for an unlimited number of years. The credit does not vary according to the number of students. The credit is determined using qualified higher education expenses of all family members. It is on a per-taxpayer basis. Students do not need to be half time to qualify for credit. Students could be working toward a degree or acquiring or improving job skills at the institution. You cannot take both the Lifetime Learning Tax Credit and the Tuition and Fees Deduction for the same student in the same tax year. Tuition and Fees Deduction The maximum deduction per student per year is $4,000. The deduction is taken as an adjustment to income, so it can be taken even if deductions aren't itemized on Schedule A of the The deduction is phased out for taxpayers with modified adjusted gross incomes of $65,000 to $80,000 (single filers) and $130,000 to $160,000 (married filing jointly). You cannot take both the Tuition and Fees Deduction and either the American Opportunity Tax Credit or the Lifetime Learning Tax Credit for the same student in the same tax year. The family contribution calculations and the financial aid eligibility analysis are projections and are not guaranteed.

9 Deduct Interest on Student Loans The maximum deduction per student per year is $2,500. The deduction is taken as an adjustment to income, so it can be taken even if deductions aren't itemized on Schedule A of the The deduction is phased out for taxpayers with modified adjusted gross incomes of $60,000 to $75,000 (single filers) and $120,000 to $150,000 (married filing jointly). Taxpayers who are married but file separate returns are not eligible. The interest must be paid on a qualified education loan for you, your spouse, or someone who was your dependent when the money was borrowed. The person for whom the expenses were incurred must not be claimed as an exemption on someone else's tax return. The person for whom the expenses were incurred must have been enrolled at least half-time in a degree program. Coverdell Education Savings Account A Coverdell ESA is a trust created exclusively for the purpose of paying the qualified higher education expenses of the designated beneficiary of the account. Tax-free withdrawals from a Coverdell ESA can be used to pay for qualifying elementary and secondary school expenses, including expenses at private schools. The maximum contribution amount is $2,000 per beneficiary from all sources per year. Contributions are phased out for incomes between $95,000 and $110,000 (single filers) or $190,000 and $220,000 (married filing jointly). Contributions are not deductible on federal or state income tax, but earnings accumulate tax-free. Qualified distributions are exempt from federal income tax and are not counted as income on the FAFSA and thus do not reduce financial aid eligibility. The Coverdell ESA is treated as an asset of the account owner, not the beneficiary. If a parent owns the Coverdell ESA the value is included in the EFC. If grandparents own the account, none of the value is included. A Coverdell ESA owned by a dependent student, or by a trust or custodian for the student, is not counted as the student's asset. 529 Savings Plans Section 529 Savings plans are federal tax-exempt college savings vehicles that allow participants to save money in a special college savings account on behalf of a designated beneficiary qualified higher education expenses. Most states exempt earnings from state income tax and some states allow families to deduct the full or a partial amount of their contribution from their state income taxes. The Section 529 Savings Plan is treated as an asset of the account owner, not the beneficiary. If a parent owns the Section 529 Savings Plan the value is included in the EFC. If grandparents own the Section 529 Savings Plan, none of the value is included. A Section 529 Savings Plan owned by a dependent student, or by a trust or custodian for the student, is counted as an asset of the parent. 529 Prepaid Tuition Plans Section 529 Tuition Prepayment plans will no longer be treated as an available student resource in the Federal needs analysis formula when determining eligibility for financial aid. w, under the Higher Education Reconciliation Act of 2005, they will be treated the same as a Section 529 Savings Plan. Most states exempt earnings from state income tax and some states allow families to deduct the full or a partial amount of their contribution from their state income taxes. The Section 529 Tuition Prepayment Plan is treated as an asset of the account owner, not the beneficiary. If a parent owns the Section 529 Tuition Prepayment Plan the value is included in the EFC. If grandparents own the Section 529 Tuition Prepayment Plan, none of the value is included. A Section 529 Tuition Prepayment Plan owned by a dependent student, or by a trust or custodian for the student, is counted as an asset of the parent. The family contribution calculations and the financial aid eligibility analysis are projections and are not guaranteed.

10 Student Statement of Income and Assets John A Smith Student Income and Benefits Student's Earned Income Spouse's Earned Income Adjusted Gross Income Total Earned Income Total Untaxed Income Total Excluded Income Total Taxable Income Total Income Initial Values $5,885 $6,608 $5,885 $6,608 $6,608 Adjusted Values $5,885 $6,608 $5,885 $6,608 $6,608 Number of Children in College 1 1 Student Assets Cash Savings $5,000 $2,000 *** *** Certificates of Deposit T Bills Money Market Mutual Funds Stocks Bonds Exempt Bonds Trusts Limited Partnerships Business Farm Business - Family Owned Life Insurance Annuities $13,500 ***

11 Individual Retirement Accounts 401(k)/403(b)/Pensions Other Assets Custodial Accounts Coverdell ESA 529 Prepaid Plans 529 Savings Plans Home Value Home Debt Home Secondary Debt Initial Values Adjusted Values

12 Parent Statement of Income and Assets John A Smith Parent Income and Benefits Parent 1 Earned Income Parent 2 Earned Income Interest Income Dividend Income Net Income from Business/Farm Other Taxable Income Adjustments to Income Adjusted Gross Income Total Earned Income Total Untaxed Income Total Excluded Income Total Taxable Income Total Income Initial Values $46,221 $47,595 $2,237 $1,280 $99,112 $93,816 $2,000 $99,112 $101,112 Adjusted Values $46,221 $47,595 $2,237 $1,280 $99,112 $93,816 $2,000 $99,112 $101,112 Parent Assets Cash Savings Certificates of Deposit T Bills Money Market Mutual Funds Stocks Bonds Exempt Bonds Trusts Limited Partnerships Business Farm Business - Family Owned Life Insurance Annuities $12,111 $5,800 $14,200 $10,000 $78,925 *** *** *** *** $5,000 $3,000 $10,000 $20,000 $7,700 ***

13 Individual Retirement Accounts 401(k)/403(b)/Pensions Other Assets Custodial Accounts Coverdell ESA 529 Prepaid Plans 529 Savings Plans Home Value Home Debt Home Secondary Debt Total Sibling Assets Initial Values $58,000 $202,158 $278,000 $278,000 $4,852 Adjusted Values $58,000 $202,158 $278,000 $278,000 $4,852

14 Comments John A Smith Parent primary residence value changed to $278,000 from $355,000

15 Family Contribution Analysis John A Smith FAFSA PROFILE Initial Parent Contribution from Income Parent Contribution from Assets Parent Total Contribution $16,976 $4,199 $21,175 $9,028 $1,163 $10,191 Parent Contribution Per Student $21,175 $10,191 Student Contribution From Income Student Contribution From Assets $4,100 $2,071 $5,125 Total Family Contribution for this Student $25,275 $17,387 Adjusted Parent Contribution from Income $15,823 Parent Contribution from Assets $235 Parent Total Contribution $16,058 $9,028 $9,028 Parent Contribution Per Student $16,058 $9,028 Student Contribution From Income Student Contribution From Assets $2,071 Total Family Contribution for this Student $16,058 $11,099

16 College Cost and Aid Information Abilene Christian University Address City, State & ZIP Website ACU Box Abilene, TX FAFSA Code Profile Code Percent Admitted N/A 46 Cost of Attendance Initial Family Contribution Adjusted Family Contribution Adjusted Need FAFSA PROFILE $41,800 Cost of Attendance $41,800 $25,275 Initial Family Contribution $17,387 Initial Need $16,525 Initial Need $24,413 $16,058 Adjusted Family Contribution $11,099 $25,742 Adjusted Need $30,701 Avg Percent Need Met 70 % Scholarship/Grants 55 % Loans/Jobs 45 % Texas A&M University Address City, State & ZIP Website 1372 TAMU College Station, TX FAFSA Code Profile Code Percent Admitted N/A 67 Cost of Attendance Initial Family Contribution Adjusted Family Contribution Adjusted Need FAFSA PROFILE $21,051 Cost of Attendance $21,051 $25,275 Initial Family Contribution $17,387 Initial Need Initial Need $3,664 $16,058 Adjusted Family Contribution $11,099 $4,993 Adjusted Need $9,952 Avg Percent Need Met 78 % Scholarship/Grants 57 % Loans/Jobs 43 % Texas Christian University Address City, State & ZIP Website 2800 South University Drive Fort Worth, TX FAFSA Code Profile Code Percent Admitted Cost of Attendance Initial Family Contribution Adjusted Family Contribution Adjusted Need FAFSA PROFILE $50,720 Cost of Attendance $50,720 $25,275 Initial Family Contribution $17,387 Initial Need $25,445 Initial Need $33,333 $16,058 Adjusted Family Contribution $11,099 $34,662 Adjusted Need $39,621 Avg Percent Need Met 70 % Scholarship/Grants 63 % Loans/Jobs 37 %

17 College Cost and Aid Information Texas Tech University Address City, State & ZIP Website Broadway and University Avenue Lubbock, TX FAFSA Code Profile Code Percent Admitted N/A 64 Cost of Attendance Initial Family Contribution Adjusted Family Contribution Adjusted Need FAFSA PROFILE $22,837 Cost of Attendance $22,837 $25,275 Initial Family Contribution $17,387 Initial Need Initial Need $5,450 $16,058 Adjusted Family Contribution $11,099 $6,779 Adjusted Need $11,738 Avg Percent Need Met 53 % Scholarship/Grants 44 % Loans/Jobs 56 % rthwestern College Address City, State & ZIP Website 4829 rth Lipps Avenue Chicago, IL FAFSA Code Profile Code Percent Admitted N/A 75 Cost of Attendance Initial Family Contribution Adjusted Family Contribution Adjusted Need FAFSA PROFILE $20,865 Cost of Attendance $20,865 $25,275 Initial Family Contribution $17,387 Initial Need Initial Need $3,478 $16,058 Adjusted Family Contribution $11,099 $4,807 Adjusted Need $9,766 Avg Percent Need Met Scholarship/Grants 66 % Loans/Jobs 34 %

18 Abilene Christian University Address City, State & ZIP Website ACU Box Abilene, TX General Information Phone Fax FAFSA Code Profile Code (325) (325) N/A Enrollment 1st Time Degree Seeking Freshmen Degree Seeking Undergrads Total Undergraduates Enrolled Graduate Enrollment % Returning for Sophomore Year 957 3,570 3, Learning Environment Calendar Type Semester Academic Student Faculty Ratio 14 to 1 Degrees Offered Certificate, Associate, Bachelor's, Master's, Doctoral degrees Army 1 % ROTC Available Navy 1 % 3 % Air Force Where Graduates Continue Study Business Law Medical Other 75 % % Graduating in 6 Years 59 % % Applicants Admitted 46 % 23 % SAT SAT and ACT Scores ACT Score Range Critical Reading Math Writing Score Range Composite 6 % 5 % 2 % % 20 % 25 % 17 % % 42 % 45 % 41 % % 29 % 24 % 35 % % 3 % 1 % 5 % English 19 % 37 % 37 % 6 % 1 % Math 11 % 43 % 38 % 8 % Middle 50% of 1st Year Students % Submitting SAT Scores Your SAT Score Middle 50% of 1st Year Students % Submitting 44 % 56 % ACT Scores Your ACT Score Top Tenth Top Quarter Top Half Class Rank 23 % Bottom Half 58 % Bottom Quarter 88 % Class Rank and GPA 12 % 2 % Grade Point Average 39 % % % % 6 % 1 % Your Class Rank Top Quarter Your GPA

19 Abilene Christian University Tuition Room and Board Books and Supplies Transportation Expenses Estimated Personal Expenses Cost of Attendance Cost of Attendance Information $28,350 $8,800 $1,250 $1,450 $1,950 $41,800 Cost Rate College Housing Plans Cost per Credit Hour (In-State) Cost per Credit Hour (Out-of-State) In State (1) On Campus $950 Projected Future Cost $44,308 $46,966 $49, $52,772 $55,938 $59, $62,852 $66,623 $70, $74,857 $79,349 $84,110 Financial Aid Distribution Loans/Jobs Scholarship/Grants Avg Percent Need Met Freshmen with Need who Received Financial Aid 45 % 55 % 70 % 100 % Average Net Price by Income Range $110,001 and Above $75,001 - $110,000 $48,001 - $75,000 $30,001 - $48,000 $30,000 and Below Financial Aid Stats for All Undergraduates Applied for Need-Based Aid 76 % Freshman Offered Aid Judged to Have Need 86 % Avg Need-Based Loan Were Offered Aid 86 % Avg Need-Based Scholarship/Grant Had Full Need Met 23 % Avg n Need-Based Aid Avg Indebtedness at Graduation $18,199 $3,568 $14,412 $2,866 $39,508 Estimated Expected Family Contribution FAFSA PROFILE Cost of Attendance $41,800 Initial Family Contribution Initial Need Adjusted Family Contribution $25,275 $16,525 $16,058 Adjusted Need $25,742 Change In EFC $9,217 0 % Change In Need $9,217 0 % FAFSA Avg Percent Need Met Scholarship/Grants Loans/Jobs Cost of Attendance Initial Family Contribution Initial Need Adjusted Family Contribution Adjusted Need Change In EFC Change In Need Estimated Aid Award Information 70 % 55 % 45 % $41,800 $17,387 $24,413 $11,099 $30,701 PROFILE Avg Percent Need Met 70 % Scholarship/Grants 55 % Loans/Jobs 45 % $6,288 0 % $6,288 0 % Estimated Need Met $18,019 Estimated Unmet Need $7,723 EFC + Estimated Unmet Need $23,781 Estimated Need Met $21,491 Estimated Unmet Need $9,210 EFC + Estimated Unmet Need $20,309 Estimated Gift Aid $9,910 Estimated Gift Aid $11,820 Estimated Self Help Aid $8,109 Estimated Self Help Aid $9,671

20 Abilene Christian University Application and Admission Regular Application Feb 15 Application Rolling Begin Feb 15 Priority Application tification of Admission By Must Reply to Acceptance By May 1 Housing Deposit Early Action / Early Decision Early Decision Application tification of Early Decision By Early Action Application tification of Early Action Admission By Dec 1 Other Early Decision tification of Other Early Decision By Deadlines ACT / SAT SAT Reasoning/ACT Score Report SAT Subject Score Report Financial Aid Financial Aid Application Financial Aid Priority Application tification of Financial Aid Offer Must Reply to Financial Aid Offer By Feb 15 Feb 15 Mar 1 Transfer and International Transfer Application Transfer Priority Application May 15 tification of Transfer Decision By Must Reply to Acceptance By Transfer Financial Aid Application Transfer Priority Financial Aid Application International Fall Application Feb 15

21 Texas A&M University Address City, State & ZIP Website TAMU College Station, TX General Information Phone Fax FAFSA Code Profile Code (979) (979) N/A Enrollment 1st Time Degree Seeking Freshmen Degree Seeking Undergrads Total Undergraduates Enrolled Graduate Enrollment 8,139 40,094 40,103 8,139 10,124 Learning Environment Calendar Type Student Faculty Ratio Semester 22 to 1 Degrees Offered Bachelor's, Master's, Doctoral degrees ROTC Available Army Navy Air Force Yes Yes Yes Where Graduates Continue Study Business Law Medical Other % Returning for Sophomore Year Academic 92 % % Graduating in 6 Years 80 % % Applicants Admitted 67 % SAT SAT and ACT Scores ACT Score Range Critical Reading Math Writing Score Range Composite 10 % 18 % 7 % % 34 % 44 % 27 % % 37 % 30 % 41 % % 16 % 7 % 21 % % 2 % 1 % 3 % % 1 % 0-5 English 28 % 42 % 26 % 3 % 1 % Math 28 % 54 % 16 % 2 % Middle 50% of 1st Year Students % Submitting SAT Scores Your SAT Score Middle 50% of 1st Year Students % Submitting 66 % 34 % ACT Scores Your ACT Score Top Tenth Top Quarter Top Half Class Rank 60 % Bottom Half 91 % Bottom Quarter 99 % Class Rank and GPA 1 % Grade Point Average Your Class Rank Top Quarter Your GPA

22 Texas A&M University Tuition Room and Board Books and Supplies Transportation Expenses Estimated Personal Expenses Cost of Attendance Cost of Attendance Information $8,506 $8,450 $1,246 $500 $2,349 $21,051 Cost Rate College Housing Plans Cost per Credit Hour (In-State) Cost per Credit Hour (Out-of-State) In State (1) On Campus $177 $731 Projected Future Cost $22,314 $23,653 $25, $26,576 $28,171 $29, $31,653 $33,552 $35, $37,699 $39,961 $42,359 Financial Aid Distribution Loans/Jobs Scholarship/Grants Avg Percent Need Met Freshmen with Need who Received Financial Aid 43 % 57 % 78 % 98 % Average Net Price by Income Range $110,001 and Above $75,001 - $110,000 $48,001 - $75,000 $30,001 - $48,000 $30,000 and Below Financial Aid Stats for All Undergraduates Applied for Need-Based Aid 61 % Freshman Offered Aid Judged to Have Need 70 % Avg Need-Based Loan Were Offered Aid 68 % Avg Need-Based Scholarship/Grant Had Full Need Met 53 % Avg n Need-Based Aid Avg Indebtedness at Graduation $16,478 $4,706 $11,970 $4,341 $22,955 Estimated Expected Family Contribution FAFSA PROFILE Cost of Attendance $21,051 Initial Family Contribution Initial Need Adjusted Family Contribution $25,275 $16,058 Adjusted Need $4,993 Change In EFC $9,217 0 % Change In Need $4,993 0 % FAFSA Avg Percent Need Met Scholarship/Grants Loans/Jobs Cost of Attendance Initial Family Contribution Initial Need Adjusted Family Contribution Adjusted Need Change In EFC Change In Need Estimated Aid Award Information 78 % 57 % 43 % $21,051 $17,387 $3,664 $11,099 $9,952 PROFILE Avg Percent Need Met 78 % Scholarship/Grants 57 % Loans/Jobs 43 % $6,288 0 % $6,288 0 % Estimated Need Met $3,895 Estimated Unmet Need $1,098 EFC + Estimated Unmet Need $17,156 Estimated Need Met $7,763 Estimated Unmet Need $2,189 EFC + Estimated Unmet Need $13,288 Estimated Gift Aid $2,220 Estimated Gift Aid $4,425 Estimated Self Help Aid $1,675 Estimated Self Help Aid $3,338

23 Texas A&M University Application and Admission Regular Application Jan 15 Application Rolling Begin Apr 1 Priority Application tification of Admission By Must Reply to Acceptance By May 1 Housing Deposit Early Action / Early Decision Early Decision Application tification of Early Decision By Early Action Application tification of Early Action Admission By Other Early Decision tification of Other Early Decision By Deadlines ACT / SAT SAT Reasoning/ACT Score Report SAT Subject Score Report Financial Aid Financial Aid Application Financial Aid Priority Application tification of Financial Aid Offer Must Reply to Financial Aid Offer By Jan 15 Mar 1 Transfer and International Transfer Application Mar 15 Transfer Priority Application tification of Transfer Decision By Must Reply to Acceptance By Transfer Financial Aid Application Transfer Priority Financial Aid Application International Fall Application Jan 15

24 Texas Christian University Address City, State & ZIP Website South University Drive Fort Worth, TX General Information Phone Fax FAFSA Code Profile Code (817) (817) Enrollment 1st Time Degree Seeking Freshmen Degree Seeking Undergrads Total Undergraduates Enrolled Graduate Enrollment % Returning for Sophomore Year 1,854 8,415 8,456 1,854 1,271 Learning Environment Calendar Type Semester Academic Student Faculty Ratio 13 to 1 Degrees Offered Certificate, Diploma, Bachelor's, Master's, Doctoral degrees Army Yes ROTC Available Navy 2 % 1 % Air Force Yes Where Graduates Continue Study Business Law Medical Other 90 % % Graduating in 6 Years 75 % % Applicants Admitted 41 % 24 % SAT SAT and ACT Scores ACT Score Range Critical Reading Math Writing Score Range Composite English Math Middle 50% of 1st Year Students % Submitting SAT Scores Your SAT Score Middle 50% of 1st Year Students % Submitting 43 % 57 % ACT Scores Your ACT Score Top Tenth Top Quarter Top Half Class Rank 43 % Bottom Half 75 % Bottom Quarter 96 % Class Rank and GPA 4 % Grade Point Average Your Class Rank Top Quarter Your GPA

25 Texas Christian University Tuition Room and Board Books and Supplies Transportation Expenses Estimated Personal Expenses Cost of Attendance Cost of Attendance Information $36,590 $10,980 $1,050 $600 $1,500 $50,720 Cost Rate College Housing Plans Cost per Credit Hour (In-State) Cost per Credit Hour (Out-of-State) In State (1) On Campus Projected Future Cost $53,763 $56,989 $60, $64,033 $67,875 $71, $76,264 $80,840 $85, $90,832 $96,282 $102,059 Financial Aid Distribution Loans/Jobs Scholarship/Grants Avg Percent Need Met Freshmen with Need who Received Financial Aid 37 % 63 % 70 % 99 % Average Net Price by Income Range $110,001 and Above $34,950 $75,001 - $110,000 $30,008 $48,001 - $75,000 $25,425 $30,001 - $48,000 $30,000 and Below $21,211 $22,193 Financial Aid Stats for All Undergraduates Applied for Need-Based Aid 54 % Freshman Offered Aid Judged to Have Need 82 % Avg Need-Based Loan Were Offered Aid 80 % Avg Need-Based Scholarship/Grant Had Full Need Met 31 % Avg n Need-Based Aid Avg Indebtedness at Graduation $21,669 $3,555 $18,555 $13,166 $38,516 Estimated Expected Family Contribution FAFSA PROFILE Cost of Attendance $50,720 Initial Family Contribution Initial Need Adjusted Family Contribution $25,275 $25,445 $16,058 Adjusted Need $34,662 Change In EFC $9,217 0 % Change In Need $9,217 0 % FAFSA Avg Percent Need Met Scholarship/Grants Loans/Jobs Cost of Attendance Initial Family Contribution Initial Need Adjusted Family Contribution Adjusted Need Change In EFC Change In Need Estimated Aid Award Information 70 % 63 % 37 % $50,720 $17,387 $33,333 $11,099 $39,621 PROFILE Avg Percent Need Met 70 % Scholarship/Grants 63 % Loans/Jobs 37 % $6,288 0 % $6,288 0 % Estimated Need Met $24,263 Estimated Unmet Need $10,399 EFC + Estimated Unmet Need $26,457 Estimated Need Met $27,735 Estimated Unmet Need $11,886 EFC + Estimated Unmet Need $22,985 Estimated Gift Aid $15,286 Estimated Gift Aid $17,473 Estimated Self Help Aid $8,977 Estimated Self Help Aid $10,262

26 Texas Christian University Application and Admission Regular Application Feb 15 Application Rolling Begin Priority Application tification of Admission By Must Reply to Acceptance By Housing Deposit Apr 1 Early Action / Early Decision Early Decision Application tification of Early Decision By Early Action Application tification of Early Action Admission By Jan 1 Other Early Decision tification of Other Early Decision By May 1 (or within 2 week(s) if notified after May 1st) May 1 Deadlines ACT / SAT SAT Reasoning/ACT Score Report SAT Subject Score Report Financial Aid Financial Aid Application Financial Aid Priority Application tification of Financial Aid Offer Must Reply to Financial Aid Offer By Feb 15 Feb 15 May 1 Transfer and International Transfer Application Aug 1 Transfer Priority Application Apr 15 tification of Transfer Decision By Must Reply to Acceptance By Transfer Financial Aid Application Transfer Priority Financial Aid Application Jun 1 International Fall Application Feb 15

27 Texas Tech University Address City, State & ZIP Website Broadway and University Avenue Lubbock, TX General Information Phone Fax FAFSA Code Profile Code (806) (806) N/A Enrollment 1st Time Degree Seeking Freshmen Degree Seeking Undergrads Total Undergraduates Enrolled Graduate Enrollment 4,561 26,276 26,481 4,560 5,986 Learning Environment Calendar Type Student Faculty Ratio Semester 24 to 1 Degrees Offered Bachelor's, Master's, Doctoral degrees ROTC Available Army Navy Air Force Yes Yes Where Graduates Continue Study Business Law Medical Other % Returning for Sophomore Year Academic 81 % % Graduating in 6 Years 62 % % Applicants Admitted 64 % SAT SAT and ACT Scores ACT Score Range Critical Reading Math Writing Score Range Composite 2 % 4 % 2 % % 19 % 30 % 13 % % 50 % 50 % 46 % % 26 % 15 % 35 % % 2 % 1 % 3 % % 1 % 0-5 English 10 % 35 % 47 % 7 % 1 % Math 9 % 54 % 33 % 4 % Middle 50% of 1st Year Students % Submitting SAT Scores Your SAT Score Middle 50% of 1st Year Students % Submitting 59 % 40 % ACT Scores Your ACT Score Top Tenth Top Quarter Top Half Class Rank 20 % Bottom Half 52 % Bottom Quarter 86 % Class Rank and GPA 14 % 2 % Grade Point Average Your Class Rank Top Quarter Your GPA

28 Texas Tech University Tuition Room and Board Books and Supplies Transportation Expenses Estimated Personal Expenses Cost of Attendance Cost of Attendance Information $8,942 $8,275 $1,200 $2,300 $2,120 $22,837 Cost Rate College Housing Plans Cost per Credit Hour (In-State) Cost per Credit Hour (Out-of-State) In State (1) On Campus $203 $557 Projected Future Cost $24,207 $25,660 $27, $28,831 $30,561 $32, $34,338 $36,399 $38, $40,898 $43,351 $45,953 Financial Aid Distribution Loans/Jobs Scholarship/Grants Avg Percent Need Met Freshmen with Need who Received Financial Aid 56 % 44 % 53 % 99 % Average Net Price by Income Range $110,001 and Above $18,154 $75,001 - $110,000 $17,341 $48,001 - $75,000 $13,408 $30,001 - $48,000 $30,000 and Below $8,393 $6,071 Financial Aid Stats for All Undergraduates Applied for Need-Based Aid 61 % Freshman Offered Aid Judged to Have Need 96 % Avg Need-Based Loan Were Offered Aid 95 % Avg Need-Based Scholarship/Grant Had Full Need Met 14 % Avg n Need-Based Aid Avg Indebtedness at Graduation $9,907 $3,955 $8,197 $2,335 $18,358 Estimated Expected Family Contribution FAFSA PROFILE Cost of Attendance $22,837 Initial Family Contribution Initial Need Adjusted Family Contribution $25,275 $16,058 Adjusted Need $6,779 Change In EFC $9,217 0 % Change In Need $6,779 0 % FAFSA Avg Percent Need Met Scholarship/Grants Loans/Jobs Cost of Attendance Initial Family Contribution Initial Need Adjusted Family Contribution Adjusted Need Change In EFC Change In Need Estimated Aid Award Information 53 % 44 % 56 % $22,837 $17,387 $5,450 $11,099 $11,738 PROFILE Avg Percent Need Met 53 % Scholarship/Grants 44 % Loans/Jobs 56 % $6,288 0 % $6,288 0 % Estimated Need Met $3,593 Estimated Unmet Need $3,186 EFC + Estimated Unmet Need $19,244 Estimated Need Met $6,221 Estimated Unmet Need $5,517 EFC + Estimated Unmet Need $16,616 Estimated Gift Aid $1,581 Estimated Gift Aid $2,737 Estimated Self Help Aid $2,012 Estimated Self Help Aid $3,484

29 Texas Tech University Application and Admission Regular Application Aug 1 Application Rolling Begin Oct 1 Priority Application Mar 1 tification of Admission By Must Reply to Acceptance By Housing Deposit Apr 1 Early Action / Early Decision Early Decision Application tification of Early Decision By Early Action Application tification of Early Action Admission By Other Early Decision tification of Other Early Decision By Deadlines ACT / SAT SAT Reasoning/ACT Score Report SAT Subject Score Report Financial Aid Financial Aid Application Financial Aid Priority Application tification of Financial Aid Offer Must Reply to Financial Aid Offer By Aug 1 Aug 1 Mar 15 Apr 15 Transfer and International Transfer Application Transfer Priority Application tification of Transfer Decision By Must Reply to Acceptance By Transfer Financial Aid Application Transfer Priority Financial Aid Application International Fall Application Apr 1

30 rthwestern College Address City, State & ZIP Website rth Lipps Avenue Chicago, IL General Information Phone Fax FAFSA Code Profile Code (773) (773) N/A Enrollment 1st Time Degree Seeking Freshmen Degree Seeking Undergrads Total Undergraduates Enrolled Graduate Enrollment 300 1,357 1, Learning Environment Calendar Type Student Faculty Ratio Quarter 12 to 1 Degrees Offered Certificate, Associate degrees ROTC Available Army Navy Air Force Where Graduates Continue Study Business Law Medical Other % Returning for Sophomore Year Academic % Graduating in 6 Years % Applicants Admitted 75 % SAT SAT and ACT Scores ACT Score Range Critical Reading Math Writing Score Range Composite English Math Middle 50% of 1st Year Students % Submitting SAT Scores Your SAT Score Middle 50% of 1st Year Students % Submitting ACT Scores Your ACT Score Top Tenth Top Quarter Top Half Class Rank Bottom Half Bottom Quarter Class Rank and GPA Grade Point Average Your Class Rank Top Quarter Your GPA

31 rthwestern College Tuition Room and Board Books and Supplies Transportation Expenses Estimated Personal Expenses Cost of Attendance Cost of Attendance Information $20,365 $500 $20,865 Cost Rate College Housing Plans Cost per Credit Hour (In-State) Cost per Credit Hour (Out-of-State) Out of State (1) On Campus $445 Projected Future Cost $22,117 $23,444 $24, $26,342 $27,922 $29, $31,373 $33,256 $35, $37,366 $39,608 $41,984 Financial Aid Distribution Loans/Jobs Scholarship/Grants Avg Percent Need Met Freshmen with Need who Received Financial Aid 34 % 66 % Average Net Price by Income Range $110,001 and Above $36,529 $75,001 - $110,000 $36,529 $48,001 - $75,000 $31,785 $30,001 - $48,000 $30,000 and Below $30,129 $29,538 Financial Aid Stats for All Undergraduates Applied for Need-Based Aid Judged to Have Need Were Offered Aid Had Full Need Met Freshman Offered Aid Avg Need-Based Loan Avg Need-Based Scholarship/Grant Avg n Need-Based Aid Avg Indebtedness at Graduation Estimated Expected Family Contribution FAFSA PROFILE Cost of Attendance $20,865 Initial Family Contribution Initial Need Adjusted Family Contribution $25,275 $16,058 Adjusted Need $4,807 Change In EFC $9,217 0 % Change In Need $4,807 0 % FAFSA Avg Percent Need Met Scholarship/Grants Loans/Jobs Cost of Attendance Initial Family Contribution Initial Need Adjusted Family Contribution Adjusted Need Change In EFC Change In Need Estimated Aid Award Information 66 % 34 % $20,865 $17,387 $3,478 $11,099 $9,766 PROFILE Avg Percent Need Met Scholarship/Grants 66 % Loans/Jobs 34 % $6,288 0 % $6,288 0 % Estimated Need Met $4,807 Estimated Unmet Need EFC + Estimated Unmet Need $16,058 Estimated Need Met $9,766 Estimated Unmet Need EFC + Estimated Unmet Need $11,099 Estimated Gift Aid $3,173 Estimated Gift Aid $6,446 Estimated Self Help Aid $1,634 Estimated Self Help Aid $3,320