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).
