Sample Financial Aid Packages

You can afford the University of Sioux Falls.

While the total cost may seem overwhelming, remember that your financial aid package and USF payment options will reduce these costs. So, apply for financial aid, and don’t pay the sticker price!

Click on each graph below for an example financial aid package.

Graph of Sample Financial Package A Alan is an only child in a single-parent household.
Graph of Sample Financial Package A Cassie comes from a family of five and is one of two children enrolled in college.
Graph of Sample Financial Package A Matthew is the first child in his family of four to go to college.

EXAMPLE STUDENT A

Alan is an only child in a single-parent household. After calculating his potential financial aid awards, his total annual cost at USF is $2035.

Single mom's annual income
Alan's annual income
Family assets
Expected Family Contribution (EFC)
(Results of federal financial aid application form.)

$25,000
$3,000
$0
$0
 

USF 2014-2015 tuition, room and board
Expected Family Contribution (EFC)
Equals Family Financial Need

$32,180
-$0
$32,180

Alan's ACT Score
Alan's high school GPA

24
3.10

Alan's potential financial aid award

Federal Pell Grant
Federal Supplemental Educational Opportunity Grant
Provost's Academic Scholarship
USF Cougar Grant
Federal Work Study
Federal Perkins Loan
Federal Stafford Loans

 

$5,645
$800
$10,000
$5,500
$1,200
$1,500
$5,500

Total financial aid award package

$30,145

Alan still has the opportunity to apply for outside scholarships and can pay his final balance of $2035 in a monthly payment plan, through a federal parent loan or with private alternative loans.

EXAMPLE STUDENT B

Cassie comes from a family of five and is one of two children enrolled in college. After calculating her potential financial aid awards, her total annual cost at USF is $8,330.

Dad's annual income
Mom's annual income
Cassie's annual income
Parent's net worth of investments
Expected Family Contribution (EFC)
(Results of federal financial aid application form.)

$78,300
$17,500
$5,000
$42,000
$9,103
 

USF 2014-2015 tuition, room and board
Expected Family Contribution (EFC)
Equals Family Financial Need

$32,180
-$9103
$23,077

Cassie's ACT Score
Cassie's high school GPA

28
3.75

Cassie's potential financial aid award

President's Academic Scholarship
USF Cougar Grant
Federal Work Study
Federal Perkins Loan
Federal Stafford Loans

 

$12,000
$3,650
$1,200
$1,500
$5,500

Total financial aid award package

$23,850

Cassie still has the opportunity to apply for outside scholarships and can pay her final balance of $8,330 in a monthly payment plan, through a federal parent loan or with private alternative loans.

EXAMPLE STUDENT C

Matthew is the first child in his family of four to go to college. After calculating his potential financial aid awards, his total annual cost at USF is $18,180.

Dad's annual income
Mom's annual income
Matthew's annual income
Parent's net worth of investments
Expected Family Contribution (EFC)
(Results of federal financial aid application form.)

$91,500
$29,500
$3,200
$250,000
$39,843
 

USF 2014-2015 tuition, room and board
Expected Family Contribution (EFC)
Equals Family Financial Need

$32,180
-39,843
$0

Matthew's ACT Score
Matthew's high school GPA

20
2.9

Matthew's potential financial aid award

USF Achievement Scholarship
Federal Stafford Loans

 

$8,500
$5,500

Total financial aid award package

$14,000

Matthew still has the opportunity to apply for outside scholarships and can pay his final balance of $18,180 in a monthly payment plan, through a federal parent loan or with private alternative loans.