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.

Maximum Federal & State Aid Table

Federal Programs

Annual Maximum

Federal Pell Grant $5,920 (2017-18 award maximum)
Federal Supplemental Educational Opportunity Grant (SEOG) $4,000
Federal Perkins Loan (program phase-out 9/30/17) $5,500
Federal Subsidized Direct Loan $3,500 (1st year); $4,500 (2nd year); $5,500 (3rd & 4th year)
Federal Unsubsidized Direct Loan for Dependent Students (Except Students Whose Parents Cannot Borrow a PLUS Loan) $5,500 (1st year); $6,500 (2nd year); $7,500 (3rd & 4th year) less any subsidized amounts received for the same period
Federal Unsubsidized Direct Loan for Independent Students and Dependent Students Whose Parents Cannot Borrow a PLUS Loan $9,500 (1st year); $10,500 (2nd year); $12,500 (3rd & 4th year) less any subsidized amounts received for the same period
Federal PLUS Loan Cost of education minus other aid

 

State Programs

Annual Maximum

Iowa Tuition Grant

$5,650 (2017-18 award maximum)
State Higher Education Agency Search varies

Note: most state grants will not travel outside the state of legal residence.  The Iowa Tuition Grant is only available to Iowa residents who meet the Iowa College Student Aid Commission’s eligibility requirements.  If you are not from Iowa and would like to determine if your state offers grant assistance that travels to Iowa, please contact your State Higher Education Agency.