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Arizona State University

ASU Advantage

For Arizona residents with family incomes of $60,000 or less, after the family covers any EFC the program covers tuition, room & board, and books & supplies with work-study and grant aid. Loans and/or additional work would be required in order to cover transportation and personal expenses.
For Arizona residents with family incomes of $60,000 or less. . .   2009-10 Estimated Student Budget
  After the family covers EFC, the college assures enough work-study and grant aid to cover these expenses
Tuition & Fees $6,844
Books & Supplies $1,270
Room & Board $9,210

  Loans and/or additional work would be required to cover these costs
Transportation & Personal Expenses $2,920
Total Expenses:     $20,244   

About the Financial Aid Pledge (2009-10):

Who qualifies for the pledge (in addition to common requirements)?
Arizona residents with family incomes of $60,000 or less.

How is EFC determined and used?
Federal Methodology. The family is expected to cover the EFC.

How much academic year work and/or need-based loans are included?
Up to $2,500 of work-study may be included. Loans and/or additional work would be needed to cover transportation & personal expenses.

Does the offer account for the full student budget?
No, transportation and personal expenses are not included in the pledge.

How are outside scholarships handled?
Outside scholarships reduce any unmet need, then loans, and then work study. If the student is in contact with the financial aid office about their outside scholarship, they can elect whether to reduce work study or loans first.

Are there other important restrictions?
The pledge is limited to eight semesters of enrollment, and recipients must matriculate immediately following their high school graduation.

For more information:
ASU Obama Scholars

About the Institution (2007-08):

    Location: Tempe, AZ
    Type: Public 4-year
    Undergraduate enrollment: 56,908
    Pell Grant recipients (a measure of low-income enrollment): N/A%
    Proportion of graduating seniors with student debt: 43%
    Average debt: $17,732

Glossary

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