b'47H ei gh t sU niv e rsit yUnderstand the Numbers Paying for CollegeMarch 18, 2024 The total cost of attending Heights University is $40,000 for theGabriel Lewis 2024-2025 academic year. The school is offering Gabriel $38,2505352 Addison Street in financial aid, including $5,500 in loans that must be repaid, andPhiladelphia, PA 19143 Work-Study that must be earned. Gabriel and his family will needto contribute $1,750 toward his college education for the 2024-2025academic year. If Gabriels family does not have this money available,Dear Gabriel, his parents can apply for a Federal Direct PLUS Loan or a private loan.Congratulations on your admission to Heights University!Based on the information that you submitted in your FAFSA, you are eligible to receive the following financial aid for the 20242025 school year. Changes in your enrollment, housing, residency, financial, or other information may result in adjustmentsto this offer. Please let us know as soon as possible about any changes in your status while at Heights University. Further,to maintain eligibility for the Deans Scholarship, you must earn a GPA of 3.2 or above each semester at Heights University.In order to receive your aid payment, you must demonstrate satisfactory academic progress. If a Pennsylvania State Grantis listed below, it is only an estimate until PHEAA sends you an official award notice.TYPE OF AIDFALL 2024SPRING 2025Deans Scholarship$ 5,200$ 5,200Federal Pell Grant$ 3,000$ 3,000Pennsylvania State Grant$ 1,800$ 1,800 Pennsylvania Foundation Scholarship$ 1,900$ 1,900State University Scholarship$ 900$ 900Private Foundation ABC Scholarship$ 1,500$ 1,500Private Foundation XYZ Scholarship$ 1,500$ 1,500 Pay Careful Attention to Total DebtFederal Direct Subsidized Loan$ 1,750$ 1,750 Loans must be repaid. Heights University is offering Federal Direct Unsubsidized Loan$ 1,000$ 1,000 Gabriel $5,500 in loans for his freshman year.Federal Work-Study$ 700$ 700 If he graduates college in four years and receives Total$ 19,250$ 19,250 the same amount of loans each year, he will owe $22,000 when finished college. In addition, if his Total Aid for Academic Year 20242025 = $38,500 family takes out a loan to cover the difference between Gabriels financial aid award and the cost Sincerely, of attending Heights University, they will owe an additional $7,000 in loans. Combined, that means Brianna Johnson that Gabriel and his parents will owe $29,000 when Director of Financial Aid he graduates from college. They will be legally obligated to pay back that money, plus interest.*This letter is fictional, designed to demonstrate the components of a financial aid package. Actual amounts will vary greatly.'