Sample Financial Aid Packages

To help you understand how your financial aid package will make a Milligan education affordable, we have provided examples of actual financial aid awards prepared for students for Fall 2013. Please be aware that financial aid eligibility is determined on an individual basis; similarities with these examples may not result in similar financial aid awards for other students. 

STUDENT A B C D E
Income $76,500 $69,500 $26,300 $65,000 $140,000
Residence OH TN TN IL PA
Cash/Investments $5,000 $82,000 0 $3,000 $120,000
No. in Household 4 6 3 4 4
Student's ACT/SAT 26 / 1190 25 / 1150 21 / 990 27 / 1220 25 / 1150
           
AWARDS          
Milligan Academic 10,000 9,000 6,250 10,000 12,000
Milligan Grant 0 1,500 2,500 3,000 3,000
Milligan Athletic 8,000 0 0 0 0
TN Lottery/Hope 0 4,000 5,500 0 0
TN Grant 0 0 4,000 0 0
Federal Pell Grant 0 0 5,095 2,395 0
Federal SEOG 0 0 1,000 500 0
Federal Perkins Loan 0 0 2,000 2,000 0
Work-Study 2,030 2,030 0 2,030 1,522
Federal Direct Loan 5,500 5,500 5,500 5,500 5,500

TOTAL AID:

$25,530 $22,030 $31,845 $25,425 $22,022



Get an early estimate. If you are interested in an early estimate of your eligibility for financial assistance, Milligan College will calculate an estimate based on information received from your family. You may estimate your family's contribution at any time by using the Federal Student Aid FAFSA4caster. This calculator provides an estimate of federal student aid eligibility by instantly calculating an Expected Family Contribution (measure of your family's financial strength).