Financial Aid at Grinnell
In 2012-2013, Grinnell awarded approximately $49 million in scholarships, grants, work and loans; $43.4 million of that was gift aid. For the fiscal year ended June 30, 2012, our net student revenues cover slightly less than 37 percent of the total educational costs. Endowment income, alumni gifts, and private philanthropy make up more than 63 percent. Even students paying the full comprehensive fee are being subsidized 20 percent to cover the full cost of the education, thereby providing a hidden scholarship for every admitted student.
Most financial aid is awarded on the basis of need; however, need is not considered when determining your eligibility for admission to Grinnell. Awards are generally mailed at the time of the admission decision. The college requires admittance before an award is offered. Financial aid is awarded on an annual basis and may be adjusted in subsequent years if the family's financial situation or number in college changes.
