<p>Thanks for any help with understanding this process. </p>
<p>My daughter will be attending state university full time in the fall, living in the dorms. </p>
<p>The COA is $18,960 / yr, broken down into:
Tuition and fees $7,536
Housing and meals $7,724
Books and supplies $1,000
Transportation $1,200
Other education costs $1,500 </p>
<p>Her current total grants and scholarships amount to $15073 for the year, broken down into:
Grants from the school: $550
Federal Pell Grant: $4,195
Grants from your state: $1,900
Other scholarships you can use: $8,428 (this includes the college awarded scholarship which is 4-year renewable and state-funded scholarship money she has been earning throughout high school, which should also be 4-year renewable). This amount may be off by about $100 or so, as the state scholarship is estimated. </p>
<p>Our net costs are $3887/year. </p>
<p>Our EFC is $1457. </p>
<p>She has been offered work study of $2430.</p>
<p>This leaves the net cost of $1457 (our EFC). </p>
<p>We just had senior awards night and she was awarded 3 different one-time scholarships of $1000 each. All three scholarships will be awarded at $500 per semester. </p>
<p>Here's my question: Since our net cost is $1457 with work study and she's getting $3000 more in scholarships, what will be reduced? I'm just trying to figure out if we will always have the $1457 to pay or will the extra scholarships cover it all and our net cost be zero at some point? </p>
<p>I also know that her housing and dining plans will be less than the amount listed. Plus what about the Transportation and Other Education Costs? Will she be eligible for any type of refund? </p>
<p>Hoping the experts can help me out. Thanks a bunch!!! We are hoping, hoping, hoping that she can get her undergrad degree without any loans, since her major requires a master's degree (Occupational therapy) and she will definitely have loans for that.</p>