For New Students and Families
How is financial need calculated?
The primary responsibility for meeting the costs of higher education rests with you and your family to the extent that you are able to pay. The difference between the cost of your education and the calculated ability of your family to meet those costs is the eligibility for financial assistance. To calculate each family's ability to pay, Grinnell uses federal and institutional formulas that take into account the information reported by the family on the financial aid application. The family share of expenses calculated by these formulas represents our best estimate of your family's capacity to contribute to your education cost.
How will Grinnell meet my financial need?
Grinnell provides financial aid awards using a combination of grants, loans, and campus jobs. The two primary types of aid at Grinnell are "gift" (scholarships and grants) and "self help" (loans and work). While the majority of your institutional need will be met with scholarships and grants, most of our financial aid packages combine gift aid with self help. Financial aid awards may be adjusted when you receive additional outside sources of funding.
How much aid is available at Grinnell?
Generally, we award financial aid on the basis of need to maintain economic diversity among our students. In 2013-2014, Grinnell awarded approximately $54.5 million in scholarships, grants, work and loans; $48.4 million of that was gift aid.
What if my circumstances change?
If an event such as a death or job loss means that your family will have substantially less income than anticipated, we will work with you to adjust your aid for the current academic year. If your family's income goes up unexpectedly, your aid package will be adjusted accordingly the following academic year.
When will I receive my financial aid notification?
If all required forms are submitted, you will be notified of financial aid eligibility with your admission decision by the following dates:
Early Decision: December 20
Early Decision II: February 1
Regular Decision: April 1
Transfer: May 15
Does Grinnell participate in the Veteran's Administration Yellow Ribbon Program?
Yes, beginning with the 2014-15 academic year.
If you have questions, please contact: Grinnell College Office of Student Financial Aid Grinnell, Iowa 50112-1690 Phone (641) 269-3250 finaid[at]grinnell[dot]edu