Types of Financial Aid

We’re committed to offering you the best financial aid package possible based on financial needs. Your financial need is calculated by looking at the cost of attending Goshen College minus your “Student Aid Index (SAI)” (which is determined by the information you submit on your Free Application for Federal Student Aid (FAFSA)).

Various types of aid including need-based aid and grants, work-study jobs, church aid, student loans, and military and veterans benefits, are available to our students to help cover educational expenses.

    Need- based Aid

    The purpose of need-based financial aid is to help bridge the gap between your Student Aid Index (as determined by the results of your FAFSA – Free Application for Federal Student Aid) and the cost of attending Goshen College. Many families and students mistakenly assume they are not eligible to receive financial aid – but we encourage everyone to apply so that you can understand a broader range of options.

    Types of grants and their requirements

    • Indiana Grants:  Indiana Resident. FAFSA must be submitted before April 15. For more information, visit the SFA website:
    • Federal Pell Grant:  Based on financial need. For more information, visit the U.S. Department of Education’s website.
    • Federal SEOG: Based on financial need. Priority is given to applicants qualifying for Federal Pell Grants.

    Federal and State Gift Aid

    Below are the federal and state aid options and their maximum amounts.

    Federal Pell Grant: $ 7,395
    Federal SEOG Grant: $700
    Federal TEACH Grant: $ 3,772
    Indiana Freedom of Choice: $ 10,600

    Indiana 21st Century Scholarship: $ 9,516
    Indiana Minority Teaching Scholarship: $ 1,957

    Legacy Scholarship

    $500 Annually ($2,000 in total)

    Students who have at least one parent who is an alumnus of Goshen College are eligible for the Legacy Scholarship. This scholarship is for $500 a year ($250 per semester) and is renewable for a total of eight consecutive semesters ($2,000 in total).

    Work-study Jobs

    A variety of campus employment opportunities are available at Goshen College. Some jobs are funded through the federal work-study program or Goshen College work-study programs.

    Working while enrolled can be an important aspect of your experience at Goshen College. Students have the opportunity to work with employers to choose a job and the hours that will be worked. A job may relate to a student’s academic work or provide the opportunity to explore career possibilities. Every two weeks earnings are paid directly to the student. Some choose to use earnings to defray educational expenses while others pay for personal expenses.

    For more information on available student employment options at Goshen College, please visit Career Services.

    Military & Veterans Benefits

    Goshen College participates in the Post 9-11, GI Bill® program and the Yellow Ribbon Program. If you are eligible to receive these benefits, please contact your admission counselor and they will connect you to Goshen’s certifying official who will process your benefits.

    For more information on these programs, visit the U.S. Department of Veterans Affairs website.

    GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at http://www.benefits.va.gov/gibill.

    Church Aid Matching Grant

    To promote congregational student aid programs, Goshen College provides a grant to match assistance given by the student’s congregation or conference. The program is open to all denominations. The Church Aid Matching Grant will apply dollar-for-dollar to the first $1,000 and beyond that on a 1:4 ratio, i.e., after matching the first $1,000 ($500 per semester), the college will provide $1 for every additional $4 provided by the church up to full tuition of church-college match funds.

    Learn more about congregational student aid program eligibility (PDF)

    Tuition discounts

    Goshen College offers tuition discounts to students whose parents work in Mennonite Church related schools. For those who work in schools in the Council of Mennonite Colleges, the discount is 50 percent of tuition. For Mennonite Elementary Education Council schools and certain related institutions, the discount is 25 percent of tuition.

    Goshen College faculty and staff, their spouses and dependents are eligible to receive a discount based on number of years employed. Those who receive discounts are eligible for discount plus scholarships up to full tuition, but are not eligible for achievement awards if they have already received an academic scholarship.