Non-Custodial Parent Contribution Penalization

Peb242
Sat, 06 Apr 2013 12:51:53 +0000

OSU looks like it is a real possibility:

OSU - Year One
CoA: $25452
Provost Scholarship: $3000
Fawcett scholarship (only for freshman year): $7000
Federal subsidized loan: $2825
Federal unsubsidized loan: $2675
Mom: $10,000

Funds available= $25,500 and does not include a penny from dad or work contribution from student for first year.

OSU - Years Two thru Four
CoA: $25452 (probably a little higher each year)
Provost Scholarship: $3000
Federal subsidized loan: $2825
Federal unsubsidized loan: $2675
Mom: $10,000
Dad: $7,000 (PLUS, to replace freshman scholarship)

If the Dad is able to contribute anything out of current income and/or the student can work and contribute, the amount of PLUS loans in years 2 to 4 can be reduced.