Information for Current Students and their Parents
The financial aid program at Goshen College is designed
to assist students in a variety of economic circumstances
and to supplement – not replace – family resources
for college.
To meet the cost of a Goshen College education, financial
aid, loans and campus jobs are available and we welcome student
and parents to contact us about these financial options. However, please note that
merit scholarships are not offered to students in their junior and senior years of college.
For more information please click
on any of the following links:
Cost
When creating a financial aid package for a student, the Financial Aid Office first looks at the student's budget for the academic year. A budget consists of tuition, room and board, books and supplies, estimated transportation and estimated personal expenses.
Typical budget for a full-time student living on campus |
| Tuition
|
$ |
22,300 |
| Room
|
$ |
3,950
|
| Board
|
$ |
3,450
|
| Books and Supplies (estimated)
|
$ |
800
|
| Personal expenses (estimated)
|
$ |
1,100
|
| Total expenses (estimated)
|
$ |
31,600
|
Once a budget has been determined, the process of creating a financial aid package begins. Four areas of financial aid are considered: academic/merit scholarships, achievement awards, financial need, and all other sources of aid (including church aid, endowed scholarships, grants, loans and work-study). Each student's award package is evaluated within each area to determine if the student is eligible for an award.
Applying for Financial Aid
U.S. Citizens and Permanent Residents:
- Annually complete the Continuing Student Goshen College Financial Aid Application. Complete this form as early as possible to guarantee that your Financial Aid funds will be available for the next year.
- 2008-2009 Financial Aid Application (pdf)
- Submit a Free Application for Federal Student Aid (FAFSA) as soon as possible after Jan. 1st. Students should specify 001799 as the code number for Goshen College.
- Apply Online
- Review, sign the Financial Aid Offer Letter, and return one copy to the Goshen College Student Financial Aid Office.
- You may receive a Missing Information Form. This form is to remind you of pending paperwork needed to complete your Financial Aid Offer Letter. If information is requested, please submit this information as soon as possible.
- Review, sign the Financial Aid Award notice, and return one copy to the Goshen College Student Financial Aid Office.
*Canadian and International students can find more information under the international students tab
Information for Parents
Parents access to student records:
In accordance with the Family Educational Rights and Privacy Act of 1974 (FERPA), the Financial Aid Office will not disclose any students financial aid information to parents unless the student provides written consent through our FERPA form.
Federal PLUS Parent loan:
The Federal Parent Loan for Undergraduate Students (PLUS) is available to parents of undergraduate students in amounts up to the full cost of attendance less any financial aid. PLUS loans require that students enroll in a degree program at the half-time level or above.
Effective July 1, 2006, the interest rate for new loans will be fixed at 8.5%. Borrowers commence repayment immediately upon disbursement and have up to 10 years to repay. Information about PLUS is mailed to financial aid recipients along with their financial aid awards. For more information, please contact us.
