Exceptional quality and affordability
We
believe that all committed students should be able to attend the school
that best suits their interests and values. You may know that among nationally
ranked Christian liberal arts colleges, Goshen College is known for exceptional
educational quality – but Goshen has also earned distinction for
affordability from sources like
Barron’s Best Buys in Education
and
Money magazine. Goshen College works with families to assist
students in a variety of circumstances, so you are able to focus on the
best educational options and environment.
Your
financial assistance package
Financial assistance is typically comprised of two different kinds of
resources: merit-based aid and need-based aid. You may qualify for one
or both. Generally, students receive grants and scholarships and are expected
to share the responsibility for their education through loans and work-study.
Once your student applies to Goshen College, we start the process of assembling
a financial package based on the tuition, fees and room and board for
the year. Our financial aid and admission offices determine what financial
resources to apply toward those costs by looking at scholarships, achievement
awards, financial need and church aid and other endowed scholarships,
discounts, loans and work-study.
Tuition and costs
Expenses include tuition, room and board and student fees. The budget you create
with your student – depending on their spending habits – should
include the cost of books, supplies, personal items, entertainment and
transportation. Expense estimates for 2006-2007:
Direct costs
(paid directly to Goshen College):
Academic/merit scholarships
These “merit-based” scholarships reward academic achievement
in high school at several levels. Your student’s eligibility for
these awards is determined by a combination of grade point average (GPA),
SAT or ACT scores, financial need and date of application for admission.
More financial assistance opportunities
Church aid/match – Goshen College will match the first $1,000
of congregational aid dollar-for-dollar; beyond that the college will
give $1 of matching aid for every $4 sent by the church, up to full tuition.
Loans and Employment – Loans may make up a significant part
of the financial aid packages, depending on family circumstances and choices.
Students who have unmet need after gift aid is awarded are eligible for
Federal Subsidized Direct Student Loan and/or Work-study authorization,
the Perkins Loan, Federal Unsubsidized Direct Loans, Federal Direct Parent
Loans and, for students with need who are officially admitted into the
Goshen nursing program, Federal Nurse Loans. Awards are based on need
and availability of funds. Interest rates on education loans are low,
and payment does not begin until the student graduates (or ceases to be
enrolled at least half time). Work-study placements on campus, based on
need, range from clerical to janitorial work; students work an average
of 10 hours a week.
Other scholarships and grants – For students whose demonstrated
financial need is not met by other sources, additional funds may be awarded
from various endowed scholarship or Goshen College grants. Criteria may
include need, major interest area, GPA or other factors.
Outside scholarships – Your student may be eligible to apply
for scholarships awarded by high schools or community organizations and
private sources, which have varying requirements and deadlines. Please
notify GC of these awards as soon as possible.
