The following three examples are for the class that starts on April 3, 2017. There are many other combinations of aid, but they are too numerous to be included here. These examples are meant to give you an idea of what you may have to pay out of your pocket for the program. 

All examples use the full subsidized Direct Loan amount of $3,500 ($3,464 after bank fees are deducted) and a scholarship that applies only to Cuyahoga County residents.

All examples are for Cuyahoga County residents and are rounded to the nearest dollar. Also, all examples are AFTER payment of the $30 processing fee, the $55 orientation materials fee, and the $225 seat guarantee fee. Note: You do not have to take out a student loan if you do not wish to.


Partial Pell Grant & subsidized loan only
No Pell grant & maximum loans
Full Pell Grant & partial loans
Full Pell Grant & maximum loans

First payment 7845.00 7845.00 7845.00 7845.00
Pell Grant -1400.00 0.00 -2908.00 -2908.00
Subsidized student loan -1732.00 -1732.00 -1732.00 -1732.00
Unsubsidized student loan 0.00
-2968.00
-2455.00
-2968.00
Scholarship -750.00 -750.00 -750.00 -750.00
Student owes /
(Is paid)
3963.00 2395.00 0.00 (513.00)





Second payment 7845.00 7845.00 7845.00 7845.00
Pell grant -1400.00 0.00 -2907.00 -2907.00
Subsidized student loan
-1732.00
-1732.00 -1732.00 -1732.00
Unsubsidized student loan 0.00 -2968.00 -2456.00 -2968.00
Scholarship -750.00 -750.00 -750.00 -750.00
Student owes /
(Is paid)
3963.00 2395.00 0.00 (512.00)

Please note that while these are common examples, there are a limitless amount of financial aid scenarios that are possible. It all depends on each individual student's circumstances.

Questions? Call Tom Vickroy at (216) 901-4400.

 
 
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