Financial Aid

Prospective Students

Goshen College admits students regardless of their financial circumstances or aid eligibility. When creating a college financial aid notification, the Financial Aid Office will work on providing the best package possible based on the information at hand. You can rest assured that all aid a student is eligible for is included in our offer letter.

Goshen College Cost: Tuition, Housing & Food

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, housing and food, books and supplies, estimated transportation and estimated personal expenses.

Costs for a full-time student living on campus for the 2023-24 school year

Tuition $ 37,760
Housing & Food $ 11,320
Total Cost $ 49,080

Costs for a full-time student living on campus for the 2024-25 school year

Tuition $ 38,890
Housing & Food $ 11,770
Total Cost $ 50,660

Full listing of costs for 2023-24 (PDF)

Full listing of costs for 2023-24 – Spanish (PDF)

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, federal, state and institutional need-based grants, student loans, and work-study. Each student’s award package is evaluated within each area to determine if the student is eligible for an award.

Determining Need

Financial need is determined by the student’s cost of attendance minus the Student Aid Index (SAI) that was determined by the information from the FAFSA. A link to a federal student aid calculator is located below.

Cost of Attendance – Student Aid Index = Financial Need

The Financial Aid office attempts to meet this need figure with aid from various sources. However, based on eligibility and fund availability, financial need is NOT guaranteed to be met 100 percent.

Need based aid (including Federal Pell Grant, Federal SEOG, Indiana state grants, and GC need based aid) cannot exceed the financial need figure. However, there are other types of aid which can be awarded regardless of your need.

Federal Student Aid Estimator:

StudentAid.Gov offers a Federal Student Aid Estimator. This estimator does not provide the amount of financial aid you may receive. Instead, it calculates an estimate of what a family is expected to contribute towards the student’s educational expenses for one academic year and helps to estimate financial need.

Goshen College offers the best package possible for each of our students. Based on the student’s eligibility and fund availability financial aid may not cover the difference between the family’s SAI and the cost of attendance.

Applying for Financial Aid

U.S. citizens and
permanent residents:

  1. First, apply for admission to Goshen College. Students must be admitted to the college before a financial aid offer is made.
  2. Create an FSA ID and password online at to serve as your electronic signature.
  3. Beginning January 1, the “Free Application for Federal Student Aid” (FAFSA) is available for free to complete at (using prior year taxes). We encourage all families to file regardless of income. Students should specify 001799 as the code number for Goshen College. Apply now:
  4. After you’ve been accepted for admission and we have received your FAFSA along with any other documentation that has been requested, we will send you a paper copy of your Financial Aid Notification describing the aid you are eligible to receive.
  5. You will receive one paper copy of your Financial Aid Notification. Any revisions to your Financial Aid Notification will be sent via email with instructions for viewing the award online.
  6. Please review the Financial Aid Notification promptly and notify the Student Financial Aid Office in writing of any changes to your award, which includes lowering the amount of loans that you were offered or canceling the loans altogether.

The college’s priority deadline for filing your FAFSA is April 1 (extended from March 1).

To be eligible for Indiana State Aid, the FAFSA must be completed by April 15 (Indiana residents only).

*Canadian and international students can find more information under the international students’ tab.

Online Tuition Payments

We know that paying for a college education requires some level of sacrifice and planning. With this in mind, we offer several options that we believe will be beneficial to cover this financial gap. Besides financial aid and loans, Goshen College offers an online tuition payment system. More information can be found by clicking on Online Tuition Payments.

Feel free to contact the Financial Aid Office for assistance.

Information for Parents

Parent 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. The effective interest rate for new loans is 5.30%. 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 at

Refund Policy

Read our financial aid refund policies.