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 for the 2009-10 school year
Tuition $ 23,400
Room $
4,150
Board $
3,750
Books and Supplies (estimated) $
890
Personal expenses (estimated) $
1,100
Total expenses (estimated) $
33,290

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: *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 student’s 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 7.9%. 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.