Sample Full-Time Financial Aid Packages
(by Expected Family Contribrution -EFC)
LTU Sample Full-Time Financial Aid Packages (by EFC)*:
EFC $0 to $2,000: Estimated Award Eligibility Fall 2009 Spring 2010
Federal Pell Grant $ 2,000 $ 2,000
Federal Supplemental Opportunity Grant $ 500 $ 500
Michigan Tuition Grant** $ 1,050 $ 1,050
LTU Grant $ 3,000 $ 3,000
LTU Trustee Scholarship $ 2,500 $ 2,500
Federal Subsidized Stafford Loan $ 1,750 $ 1,750
Federal Unsubsidized Stafford Loan $ 1,000 $ 1,000
Federal PLUS Loan $ 6,969 $ 6,969
Semester and Grand Totals $18,769 + $18,769 = $37,538
EFC $2,001 to $4,600: Estimated Award Eligibility Fall 2009 Spring 2010
Federal Pell Grant $ 1,000 $ 1,000
Michigan Tuition Grant** $ 1,050 $ 1,050
LTU Grant $ 3,000 $ 3,000
LTU Trustee Scholarship $ 2,500 $ 2,500
Federal Subsidized Stafford Loan $ 1,750 $ 1,750
Federal Unsubsidized Stafford Loan $ 1,000 $ 1,000
Federal PLUS Loan $ 8,469 $ 8,469
Semester and Grand Totals $18,769 + $18,769 = $37,538
EFC $4,601 to $6,000: Estimated Award Eligibility Fall 2009 Spring 2010
Michigan Tuition Grant** $ 1,050 $ 1,050
LTU Grant $ 3,000 $ 3,000
LTU Trustee Scholarship $ 2,500 $ 2,500
Federal Subsidized Stafford Loan $ 1,750 $ 1,750
Federal Unsubsidized Stafford Loan $ 1,000 $ 1,000
Federal PLUS Loan $ 9,469 $ 9,469
Semester and Grand Totals $18,769 + $18,769 = $37,538
EFC $6,001 to $26,000: Estimated Award Eligibility Fall 2009 Spring 2010
Michigan Tuition Grant** $ 1,050 $ 1,050
LTU Trustee Scholarship $ 2,500 $ 2,500
Federal Subsidized Stafford Loan $ 1,750 $ 1,750
Federal Unsubsidized Stafford Loan $ 1,000 $ 1,000
Federal PLUS Loan $12,469 $12,469
Semester and Grand Totals $18,769 + $18,769 = $37,538
EFC $26,001 to $29,000: Estimated Award Elgibility Fall 2009 Spring 2010
LTU Trustee Scholarship $ 2,500 $ 2,500
Federal Subsidized Stafford Loan $ 1,750 $ 1,750
Federal Unsubsidized Stafford Loan $ 1,000 $ 1,000
Federal PLUS Loan $13,519 $13,519
Semester and Grand Totals $18,769 + $18,769 = $37,538
EFC $29,001 to $99,999: Estimated Award Eligibility Fall 2009 Spring 2010
LTU Trustee Scholarship $ 2,500 $ 2,500
Federal Unsubsidized Stafford Loan $ 2,750 $ 2,750
Federal PLUS Loan $13,519 $13,519
Semester and Grand Totals $18,769 + $18,769 = $37,538
* Additional Required Reading - Please go to http://www.ltu.edu/financial_aid/required_reading.asp for additional required information regarding your financial aid award eligibility.
** The projected State Award included in this estimate is based on the existing Michigan Tuition Grant program currently in Michigan law. This estimate may be affected by the Legislature’s future decisions on the budget and student financial aid programs.
LTU has a variety of loan options to offer depending on your situation or preference. Also, if you prefer work-study, federal or state work-study funds can be offered (up to $2,000 per semester) to reduce, or supplement the loan portion of your package. Please contact the Office of Financial Aid for clarification on any of the sample award packages if you have any questions.
* The projected State Award included in this estimate is based on the existing Michigan Tuition Grant program currently in Michigan law and recognizes the State’s current budget problems. This estimate may be affected by the Legislature’s future decisions on the budget and its response to a proposal from the Administration to restructure the current student aid programs.
LTU has a variety of loan options to offer depending on your situation or preference. Also, if you prefer workstudy, federal or state work-study funds can be offered (up to $2,000 per semester) to reduce, or supplement the loan portion of your package. Please contact the Office of Financial Aid for clarification on any of the sample award packages if you have any questions.
updated 11-13-09