Financial Empowerment Plan Summary for:
ID Number:
Updated as of:
Year of plan start:

Joe Grand
9999999
2/4/2014
2014-15

What will my degree cost at Grand View University?
Planned Out-of-Pocket Payments:
$ 1,500.00 year 1
$ 1,500.00 year 2
$ 1,500.00 year 3
$ 1,500.00 year 4
$ 6,000.00 total over 4 years
Monthly Payment Plan while enrolled:
$ 105.06 per month for 48 months while enrolled
Student Loan payments after graduation:
$ 311.57 per month for 120 months after graduation if interest is paid while enrolled
OR
$ 319.64 per month for 120 months after graduation if interest is added to loan balance while enrolled
Parent Loan payments while enrolled and after graduation:
$
52.97 per month for 120 months

How will the cost of my degree be covered?

3.1%

4.6%

3.9%

34.8%

Gift/Grant Aid from GV
Grant Aid from Federal/State
Other Gift/Grant Aid

22.1%

Student Loan
Parent Loan
Student/Family Out-of-Pocket

0.8%

Monthly Payment Plan

30.8%

How much will I save by participating in the FEP?
$

4,554 estimated savings over 4 years
Copyright © 2014, Grand View University

 Financial Empowerment Plan for:
ID Number:
Updated as of:
Year of plan start:

Joe Grand
9999999
2/4/2014
2014-15

Enrollment Status and Year at Grand View
Rate of Interest

Orig.

FR

SO

JR

SR

Total

Increase

Fee

1

2

3

4

4 Years

22,986 $
440

23,446 $
440

23,915 $
440

24,393
440

160

160

160

90
K/N
3,824
BLK155
4,078
31,578 $

90
STE
4,876
BLK125
3,805
32,817 $

90
APT
6,097
BLK45
1,467
32,169 $

6,000
5,000
1,000

6,000
5,000

6,000
5,000

6,000
5,000

4,000

4,000

4,000

4,000

5,645
300

5,645
300

5,645
300

5,645
300

Rate

Investment:
Tuition - FT Day (Fall/Spring)
Fees - FT Day
Tuition - Summer / Overload
Fees - Other
Fees - Parking
Fees - Study Away
Fees - Residential
Select - Room Plan
Room (based on selection)
Select - Board Plan
Board (based on selection)
Total Investment

2.00%
0.00%

$

0.00%

$

Fixed
*
*
*
*
*
*
*
Fixed
*
Fixed

160
90
APT
6,219
BLK45
1,496
32,798

Gift/Grant Aid:
Grand View Aid
Academic
Athletic
Other (matching)
Other
Other
Other
Iowa Tuition Grant
Other State Grants
Federal Pell Grant
Federal SEOG
Other Federal Grants
Outside Scholarships
Dollars for Scholars
East High Scholarship
Other
Other
Third Party Sponsorships
Other
Other
Total Gift/Grant Aid

$

22,945 $

20,945 $

20,945 $

20,945 $

24,000
20,000
1,000
16,000
22,580
1,200
500
500
85,780

Subtotal

$

8,633 $

11,872 $

11,224 $

11,853 $

43,582

Copyright © 2014 Grand View University

500
500

**
**
**
**
**
**
*
*
*
*
*
*
*
*
*
*
*
*
*

Page 1

 Financial Empowerment Plan for:
ID Number:
Updated as of:
Year of plan start:

Joe Grand
9999999
2/4/2014
2014-15

Enrollment Status and Year at Grand View
Rate of Interest

Orig.

FR

SO

JR

SR

Total

Increase

Rate

Fee

1

2

3

4

4 Years

3.86%
3.86%
5.00%
6.41%

1.07%
1.07%
n/a
4.29%
0.00%
0.00%

Student/Family Loans: *
Fed Direct Stafford - Sub
Fed Direct Stafford - Unsub
Fed Perkins Loan
Fed Parent PLUS Loan
Private Loan
Other Loan
Student/Family Loans
Less Loan Origination Fees:
Student-Family Loans, net

Remaining Out of Pocket

$

3,500
2,000
500
1,000
7,000 $
(102)
6,898 $

4,500
2,000
500
1,000
8,000 $
(113)
7,887 $

5,500
2,000
500
1,000
9,000 $
(123)
8,877 $

5,500
2,000
500
1,000
9,000 $
(123)
8,877 $

19,000
8,000
2,000
4,000
33,000
(461)
32,539

$

1,735 $

3,985 $

2,347 $

2,976 $

11,043

1,500

1,500

1,500

1,500

1,500 $

1,500 $

1,500 $

1,500 $

6,000
6,000

1,476

5,043

$

Def. Int.
Y
Y

Out of Pocket Payments:
Employment including Work Study
Summer Earnings
Educational Savings (529)
Family Savings
Other Sources
Other Sources
Student/Family Out of Pocket

Payment Plan Responsibility

$

235

2,485

847

* Amounts listed are based on current estimates and are subject to change by parties other than Grand View University
** Grand View aid is subject to the specific renewal criteria for each scholarship or grant

Copyright © 2014 Grand View University

Page 2

 Financial Empowerment Plan for:
ID Number:
Updated as of:
Year of plan start:

No. of
Months

Summary of In-School Payment Plan

Summary of Loan Debt Upon Graduation
No. of
Months

$
$
$
$
$
$

120
120
120
120
120

Federal Parent PLUS Loan

120 $
$

105.06

Payment
Payment
Amount w/o Amount w/
Def. Int. ***
Def. Int.

Federal Direct Stafford - Sub
Federal Direct Stafford - Unsub
Federal Perkins Loan
Private Loan
Other Loan
Total for Student

*** Interest payments while in school, per month, if paid as
accrued (approximate):

9999999
2/4/2014
2014-15

Payment
Amount

48 $

Student/Family Payment Plan

Joe Grand

191.10
80.46
40.00
311.57

$
$
$
$
$
$

45.24 $

191.10
88.54
40.00
319.64

Total
Principal
$
$
$
$
$
$

52.97 $

19,000
8,000
2,000
29,000

Total
Deferred
Interest ***

$
$
$

N/A
802.38
N/A
802.38

4,000 $

683.42

$

Year 1
Year 2
Year 2
Year 4
11.78 $
23.55 $
35.33 $
47.10

Estimated Savings by Participation in Financial Empowerment Plan

$

4,554

2,500 $
$

10,000
-

Other Educational Tax Benefits / Resources
American Opportunity Credit (credit against taxable income)
Lifetime Learning Credit (credit against taxable income)

Copyright © 2014 Grand View University

$

2,500 $

2,500 $

2,500 $

Page 3