Financial Aid and Costs Assessment

Front

What is the estimated annual Total Cost of Attendance?

Back

$30,444

Front

What are the estimated annual indirect costs of attending this college (ie. books & supplies, transportation, and personal costs)?

Back

$4,278

Front

How much of the offered annual aid would Buckingham Badge not need to pay back? Options: $17,952 (Estimated Net Price), $17,936 (Federal Loans + Grants & Scholarships), $12,492 (Grants & Scholarships), $12,042 (Grants only)

Back

$12,492 (Grants & Scholarships)

Front

Which financial aid package options would be reduced by fees (deducted from each loan distribution)? Options: UW Engineering Alumni Fund, UW Madison Grant, Federal Pell Grant, Direct Subsidized Federal Loan

Back

Direct Subsidized Federal Loan

Front

Fill in the blanks: _____________________ - grants and scholarships = ______________________.

Back

cost of attendance; net price

Front

Imagine Buckingham Badger is comparing this offer from UW-Madison with one from Lawrence University with a net price of $15,200. Which offer has a lower net price?

Back

Lawrence University has a lower net price.

Front

Assume Buckingham Badger decides to take out all the federal student loans offered. They continue to take out the same amount each year and make no payments. How much student loan debt will they have after 4 years?

Back

More than $21,776 ($5,444 x 4)

Front

Which sentence is TRUE? Options: Federal student loans will never accrue interest until graduation; Federal Direct Subsidized student loans do not need to be repaid; You must accept ALL the aid in a financial aid offer; You can accept some of the aid offered and decline some of it.

Back

You can accept some of the aid offered and decline some of it

Front

After accounting for grants, scholarships, and loans, how much will Buckingham Badger still have remaining to pay for their first year of college?

Back

$12,508

Front

Which value gives the BEST estimate of how much you’ll end up paying for a year of college? Options: Total cost of attendance, Direct costs, Net price, Cost of attendance minus grants, scholarships, and loans

Back

Net price