Need-based Aid & Other Grants

Simply put, the purpose of need-based financial aid is to help bridge the gap between your Expected Family Contribution (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

Grant 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

Grant or Award Max Amounts
Federal Pell Grant $ 7,395
Federal SEOG Grant $ 1,400
Federal TEACH Grant $ 3,772
Indiana Freedom of Choice $ 12,400
Indiana 21st Century Scholarship $ 9,256
Indiana Minority Teaching Scholarship $ 4,000


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).

Refund Policy

Read up on our financial aid refund policies.