Goshen College Viewbook: Affordability

Affordability

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TOP QUALITY BEST VALUE to

Goshen College

A Goshen College education is affordable.

99%

of Goshen College traditional undergraduate students receive financial aid

How much financial aid can you expect?

$26,930

Last year’s average aid package (not including work-study or loans)

Invest in your future: We produce graduates ready to be employed:

92%

of recent graduates were employed, in grad school or service within one year after graduation

We produce graduates who succeed in graduate school:

#3

Ranking by Washington Monthly for bachelor’s colleges in the United States in percentage of graduates who go on to earn Ph.D.s.

And we produce graduates with less debt than the national averages (for public and private colleges).

83%

of Goshen College graduates complete their degree in four years, which saves them considerable money and gets them into their careers sooner

83%

of Goshen College full-time, first-year students received academic scholarships last year

Here’s how we build your financial aid package:

1

First, we award scholarships.

Academic scholarships for first-year students range from $10,000 to $16,000 per year depending on your grade point average (GPA) and ACT or SAT scores (optional).

Achievement scholarships recognize your accomplishments and the promise of future achievement at GC, and range from $1,000 to full tuition.

2

Then we add need-based grants.

3

Next, we offer student loans.

4

And finally, we add church aid and work-study.

Up to $9,600 in Indiana grants and up to $6,345 in federal grants, plus institutional need-based aid. This is gift aid, so it doesn’t need to be paid back.

First-year students can borrow a maximum of $5,500 in federal loans. Parent loans and private loans are also available.

Our church aid matching grant will apply dollar-for-dollar to the first $1,000 your church gives. First-year students can earn a maximum of $1,000 in work-study income.

Once you take the scholarships, grants and loans into account, you’ll find that a Goshen College education is significantly less than the original sticker price.

Estimate your actual cost and scholarship: The best way to estimate your individual financial aid award from Goshen College is to use our online Net Price Calculator (which will also estimate your academic scholarship).

GOSHEN.EDU/AID PRIORITY APPLICATION DEADLINE:

NOV. 15

ACHIEVEMENT SCHOLARSHIP APPLICATION DEADLINE:

JAN. 1

Academic scholarships: (2021-22) Amounts are annual

For first-year students

For transfer students

Dean’s Academic Scholarship

$16,000

Transfer High Honors Scholarship

$12,000

High Honors Academic Scholarship

$15,000

Transfer Honors Scholarship

$10,000

Honors Academic Scholarship

$13,000

Transfer Academic Excellence Scholarship

$ 8,000

Academic Excellence Scholarship

$10,000

Transfer Academic Scholarship

$ 6,000

Transfer Scholarship

$ 4,000

Determined by looking at a combination of your grade point average and SAT/ACT scores (optional)

Achievement scholarships: Applications required for all achievement scholarships (goshen.edu/scholarships), except otherwise noted. Amounts are annual.

President’s Leadership Award (PLA): full tuition

Dream Award: up to full tuition

Meet one of the following criteria: • 3.85 GPA (on a 4.0 scale) • 1350 SAT or 29 ACT • National Merit Semi-Finalist

Criteria: • Be undocumented • 3.0+ GPA (on a 4.0 scale) • 970 SAT or 18 ACT

Intercultural Leadership Award: $20,000

Other GC awards:

Criteria: • First-generation student of African-, Hispanic/Latino-, Asian- or NativeAmerican heritage • U.S. citizen or permanent resident • 3.0+ GPA (on a 4.0 scale) • Meet minimum test score criteria for admissions

ACT/SAT test-optional this year!

Music Excellence and Achievement Awards: $1,000 – $10,000 Leader of Color Award: $2,500 (no application required) Gorsline Academic Awards — Business, Communication and Theater: $1,500 Anglemyer Education Award: $1,000 – $3,000 Swallen Missionary Award: $1,000 – $3,000 Athletic Awards: varies (no application required) Church Aid/Match Program: varies

File the FAFSA: File the FAFSA to be considered for all the federal, state and institutional need-based aid for which you are eligible.

• You and one parent need to create an FSA ID and password at fsaid.ed.gov to sign the FAFSA electronically.

• Goshen’s priority deadline for submitting the FAFSA is March 1 to get your best package.

• The FAFSA application is available for free to complete at fafsa.gov after October 1. We encourage all families to file regardless of income.

• Financial aid packages will be processed and awarded to students who have been accepted to Goshen.

• Use the IRS data retrieval tool to import your, and your parents’, tax information directly into the FAFSA. • Be sure to indicate on your FAFSA that you want a copy sent to Goshen College. (CODE 001799)

fafsa.gov GOSHEN COLLEGE FAFSA CODE:

001799 PRIORITY DEADLINE:

MARCH 1

09/20

finaid@goshen.edu

Financial Aid Office 1700 South Main Street Goshen, Indiana 46526-9922 844.644.5500 (toll-free)