Case Study: Working Together

This student is an only child. Together, her parents earn $105,000. They have $175,000 in home equity and $25,000 in savings. Her parents also saved $15,000 to be used toward educational expenses.

Total cost of attendance $42,849
(Includes $1,187 for travel, books and expenses)

Family resources
Parent contribution $23,000
Student’s summer earnings $2,100

Total family contribution $25,100

Financial need $17,749

Financial aid award
Northwestern need-based scholarship $13,024
Federal Perkins and Stafford loans $2,625
Federal work-study $2,100

Total aid offered $17,749

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