Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the COA for UNCG? Identify both the university and the COA. Using the sample financial aid award letter provided , how much aid

  1. What is the COA for UNCG? Identify both the university and the COA.
  2. Using the sample financial aid award letter provided , how much aid would you need to accept? Would this include any loans that need to be repaid? If so, how much? Would you need to come up with money outside of FAFSA sources? If so, how much?
  3. How much money will you owe/have to pay back at the end of your college career if you qualify for the same amount of aid each year? Make sure you factor in (multiply by) how many years you will be at the transfer institution. (Don't forget loans require amount borrowed plus interest to be paid back)
  4. Was this amount what you expected? Why or why not?

(https://www.lendingtree.com/student/financial-aid-award-letter/) for more information about different types of aid.


Sample Financial Aid Award Letter


Fall Spring Total
Federal Perkins Loan 1,000 1,000 2,000
Subsidized Federal Stafford Loan 1,750 1,750 3,500
Unsubsidized Federal Stafford Loan 1,000 1,000 2,000
School Scholarship 500 500 1,000
Federal Pell Grant 2,500 2,500 5,000
Federal Supplemental Edu Grant 450 450 900
State Scholarship 500 500 1,000
Federal Work-Study 1,500 1,500 3,000
Total

18,400




Step by Step Solution

There are 3 Steps involved in it

Step: 1

The Cost of Attendance COA for UNCG University of North Carolina at Greensboro includes various expenses associated with attending the university for ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of corporate finance

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

9th edition

978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395

More Books

Students also viewed these Finance questions