Jasmine is a Massachusetts resident and resides with her mother and father. Her parents' income is $63,100 and Jasmine works part-time where she earns $3,900. She is planning to be a psychology major. She will be a commuter student, residing with her family, while attending Curry.

*Estimated net loan proceeds.  The gross amount of the Federal Direct Subsidized or Unsubsidized Loan is reduced by a 1.066% Origination Fee prior to crediting the student's account.
**Federal Work-Study provides the student with the opportunity to work on-campus and earn up to $2,000.  This amount is not subtracted from the student's bill but paid as wages for hours worked.

Financing Strategy:

Jasmine was awarded merit aid by the Admission Office at the time of her acceptance. She applied for financial aid and was eligible for a Curry Grant. In addition, she was also eligible for a Federal Direct Subsidized Loan and a Federal Direct Unsubsidized Student Loan. Jasmine and her family have decided to pay for her net direct costs of $12,292 by financing the remaining portion of her billed expenses through the TMS monthly tuition payment plan. They will make 10 interest free monthly payments of $1,229.20.

Alternate Financing Strategies:

-An alternative strategy for Jasmine and her family to pay the net costs of $12,292 is to utilize a Federal Parent PLUS Loan for $6,421 which will net them $6,246 (half of their balance) after the 4.276% PLUS Loan origination fee is deducted and to finance the other half through the TMS monthly tuition payment plan.

-Another strategy that Jasmine's family could use would be to borrow their net direct cost of $12,292 against the equity in their home. Many home equity loans are available at rates less than private education and Federal PLUS Loans and may also have tax benefits (you should consult with your tax advisor).

Evan is a New Jersey resident and resides with his father and one sibling. His father's income is $120,800 and Evan has no earnings this past year. He is undecided on his major at this time. Evan will be a resident student, while attending Curry.

*Estimated net loan proceeds.  The gross amount of the Federal Direct Subsidized or Unsubsidized Loan is reduced by a 1.066% Origination Fee prior to crediting the student's account.

Financing Strategy:

The Admission Office did not offer merit aid to Evan at the time of his acceptance. He applied for financial aid and was eligible for a Curry Grant and the Curry Spirit Award. In addition, he was also eligible for a Federal Direct Subsidized Loan and a Federal Direct Unsubsidized Loan. Evan and his family have decided to pay his net direct costs of $32,227 by applying for a private loan in the amount of $15,000, which has a deferred repayment option until Michael graduates, and financing the remaining portion of his billed expenses through the TMS monthly tuition payment plan. They will make 10 interest free monthly payments of $1,722.70.

Alternate Financing Strategies:

-An alternative strategy to the one utilized by Evan and his family would be to pay their net direct cost of $32,227 by paying $8,500 directly to Curry College from existing savings thereby lowering the amount of the private loan from $15,000 to $6,500. The family could still utilize the TMS monthly tuition payment plan financing the remaining $17,227 with 10 interest free monthly payments of $1,722.70.

-Another strategy that Evan's family could use would be to finance the entire net direct costs of $32,227 through the TMS monthly tuition payment plan. The family would make interest free monthly payments of $3,222.70. This strategy allows the family not to borrow a loan and keeps existing savings in place.