I don't understand my award

Ftypeman
Wed, 03 Apr 2013 13:08:59 +0000

Hi guys, I’m hoping you can help me. There seems to be no FAQ on the school’s site for this:

My letter states:
Awards Annual Amount
ESTIMATED FEDERAL PELL GRANT
$ 5,550
ESTIMATED NJ TAG ***
$ 7,126
FED SUPP EDUC OPPORTUNITY GRANT
$ 1,320
FEDERAL PERKINS LOAN
$ 1,000
FEDERAL WORK STUDY PROGRAM
$ 2,000
***** ASSISTANCE GRANT
$ 3,000
FEDERAL DIRECT LOAN-SUBSIDIZED
$ 4,500
FEDERAL DIRECT LOAN-UNSUBSIDIZED
$ 5,454
_____________
TOTAL
$ 29,950

My question is: this total assumes I’d be living on campus. Without housing, the COA is $13.076. Does that mean based on the TAG grant, Pell Grant, the school’s grant, and the Fed opp. grant that this is a free ride?