b'47F u t u r e s U n i v e r s i t yUnderstand the NumbersMarch 21, 2022 The total cost of attending Futures University is $36,800 for the 202223PAYING FOR COLLEGEacademic year. The school is offering William $31,620 in financial aid, William Taylor including $6,600 in loans that must be repaid, and Work-Study that must 5456 Cherry Street be earned. William and his family will need to contribute $5,180 towardPhiladelphia, PA 19139 his college education for the 202223 academic year. If Williams familydoes not have this money available, his parents can apply for a Federal Dear William, Direct PLUS Loan or a private loan.Congratulations on your admission to Futures University!Based on the information you submitted on your FAFSA, you are eligible to receive the following financial aid for the 20222023 school year. Changes in your enrollment, housing, residency, financial, or other information may result in adjustmentsto this offer. Please let us know as soon as possible about any changes in your status while at Futures University. Further, to maintain eligibility for the Deans Scholarship, you must earn a GPA of 3.2 or above each semester at Futures University.In order to receive payment of your aid, you must demonstrate satisfactory academic progress. If a Pennsylvania State Grant is listed below, it is only an estimate until PHEAA sends you an official award notice.TYPE OF AIDFALL 2022SPRING 2023Deans Scholarship$ 5,000$ 5,000Federal Pell Grant$ 2,887$ 2,887Pennsylvania State Grant$ 1,856$ 1,856 Pennsylvania Foundation Scholarship$ 1,700$ 1,700State University Scholarship$ 350$ 350 Pay Careful Attention to Total DebtFederal Perkins Loan$ 550$ 550Federal Direct Subsidized Loan$ 1,750$ 1,750 Loans must be repaid. Futures University is offering Federal Direct Unsubsidized Loan$ 1,000$ 1,000 William $6,600 in loans for his freshman year. Federal Work-Study$ 717$ 717 If he graduates college in four years and receives Total$ 15,810$ 15,810 the same amount in loans each year, he will owe $26,400 when he finishes school. In addition, Total Aid for Academic Year 20222023 = $31,620 if his family takes out a loan to cover the difference between Williams financial aid award and theSincerely, cost of attending Futures University, they will owe an additional $20,720 in loans. Combined, that means William and his parents will owe Louisa Patterson $47,120 when he graduates from college. They Director of Financial Aid will be legally obligated to pay back that money, plus interest.'