Money Logic. Your Calculations Are Correct: Neumann Is a Good Value. Neumann University is committed to making a great education affordable. To that end, our tuition is among the lowest of all private colleges in greater Philadelphia and the Northeast. More than 98% of Neumann students receive some form of financial aid. The University awards more than $15 million in institutional aid and processes more than $48 million in financial aid each year. We’re good at it. Our webpage has many answers; if you do not find yours, please submit an inquiry. The following are some typical scenarios for families trying to get an overview of the financial aid landscape:
EXAMPLE #1 CRITERIA
CRITERIA
Student in ................................................................................................. Nursing Family Size . . ............................................................ 3 People / 1 in College Parent Income .................................................................................... $ 90,000 GPA ....................................................................................................................... 2.9
POSSIBLE AID: RESIDENT STUDENT
POSSIBLE AID: RESIDENT STUDENT
Federal Pell Grant ................................................................................ $ 5,645 SEOG ............................................................................................................. $ 350 Neumann University Scholarship .............................................. $ 12,500 Federal Direct Loan (SUBSIDIZED) ................................................... $ 3,500 Federal Direct Loan (UNSUBSIDIZED) . . ........................................... $ 2,000 PA State Grant ....................................................................................... $ 4,362 Total Awards ......................................................................................... $ 28,357
Neumann University Achievement Grant ............................. $ 8,500 Neumann Grant in aid ....................................................................... $ 3,500 Outside scholarship . . .......................................................................... $ 2,000 Federal Direct Loan (SUBSIDIZED) . . ................................................. $ 3,500 Federal Direct Loan (UNSUBSIDIZED) ............................................ $ 2,000 PA State Grant ....................................................................................... $ 4,362 Total Awards . . ....................................................................................... $ 23,862
Expected Family Contribution .. ...................................................... $ 0
Expected Family Contribution .. ............................................. $7,020
STUDENT IS ALSO ELIGIBLE FOR FEDERAL WORK-STUDY
STUDENT IS ALSO ELIGIBLE FOR FEDERAL WORK-STUDY
EXAMPLE #2
EXAMPLE #4
CRITERIA
POSSIBLE AID: COMMUTER STUDENT
Federal Pell Grant ................................................................................ $ 5,645 SEOG ............................................................................................................. $ 350 Neumann University Scholarship ................................................ $ 8,500 Federal Direct Loan (SUBSIDIZED) ................................................... $ 3,500 Federal Direct Loan (UNSUBSIDIZED) . . ........................................... $ 2,000 PA State Grant ....................................................................................... $ 4,362 Total Awards ......................................................................................... $ 24,357 Expected Family Contribution .. ........................................................ $0 STUDENT IS ALSO ELIGIBLE FOR FEDERAL WORK-STUDY
CRITERIA
Student in ............................................................................................ Education Family Size . . ........................................................... 4 People / 2 in College Parent Income .................................................................................. $ 100,000 GPA ....................................................................................................................... 3.6 POSSIBLE AID: COMMUTER STUDENT
Neumann University Scholarship ............................................. $ 10,500 Outside scholarship . . ........................................................................... $ 1,000 Federal Direct Loan (SUBSIDIZED) . . ................................................. $ 3,500 Federal Direct Loan (UNSUBSIDIZED) ............................................ $ 2,000 PA State Grant ........................................................................................ $ 1,671 Total Awards . . ........................................................................................ $ 18,671 Expected Family Contribution .. .......................................... $ 10,820 STUDENT IS ALSO ELIGIBLE FOR FEDERAL WORK-STUDY
*These examples are not guarantees of the aid a student receives. All scholarships, grants, and loans are subject to change. 14 neumann.edu | Call toll-free: 1.800.9.NEUMANN
OF STUDENTS RECEIVE SOME FORM OF FINANCIAL AID
EXAMPLE #3
Student in .......................................................................... Arts and Sciences Family Size . . ............................................................ 3 People / 1 in College Parent Income .................................................................................... $ 40,000 GPA ..................................................................................................................... 3.72
Student in ............................................................................................... Business Family Size . . ............................................................ 5 People / 1 in College Parent Income ..................................................................................... $ 70,000 GPA ........................................................................................................................ 3.1
98%
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