Need-based Aid

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 given to applicants qualifying for Federal Pell Grants.

Federal and State Gift Aid

Grant or Award Max Amounts
Federal Pell Grant $ 6,345
Federal SEOG Grant $ 1,400
Federal TEACH Grant $ 3,772
Indiana Freedom of Choice $ 10,100
Indiana 21st Century Scholarship $ 9,800
Indiana Minority Teaching Scholarship $ 4,000


Goshen College Individual Development Education Accounts (IDEA): Save $500 for college and receive $4,000

Refund Policy

Read up on our financial aid refund policies.