Types of Financial Aid
Grants and scholarships form the largest part of our financial aid funds. Most funds come from Grinnell's endowment, alumni gifts and other contributions, and the general operations budget. Other assistance comes from federal and state governments. Scholarships and grants do not have to be repaid and range from $200 to the cost of attendance.
Maximum Federal & State Aid Table
| State Program | Annual Maximum |
| Iowa Tuition Grant | $3,600 (2012-13 award maximum) |
| Federal Programs | Annual Maximums |
| Federal Pell Grant | $5,550 (2012-13 award maximum) |
| Federal Supplemental Educational Opportunity Grant (SEOG) | $4,000 |
| Federal Perkins Loan | $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 |
