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Understand Your Award

Understanding Your Financial Aid

Admitted students who have applied for financial aid by the appropriate deadline can expect their aid notification to be available online at the time of admission notification. Login credentials are included in the admission notification.

Returning students will receive an email when their notification of financial aid eligibility is ready to view online.

The Evaluating Your Cost worksheet is designed to help new students estimate their total cost at Grinnell College. It is based on direct charges billed by Grinnell and does not consider indirect expenses for books, supplies, travel, and personal expenses. You will need to plan for these costs as well as the direct costs.

The total direct expenses less the total financial aid excluding student employment/work-study will tell you the estimated amount to be billed. You can estimate your own bill using this Billed Charges Spreadsheet. This spreadsheet may not be fully accessible by people using assistive technology. If you need assistance, please email the Office of Financial Aid or call 641-269-3250.

Federal Aid Maximums
Federal Programs Annual Maximum
Federal Pell Grant $6,495
Federal Supplemental Educational Opportunity Grant (SEOG) $4,000
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 Aid Maximums
State Programs Annual Maximum
Iowa Tuition Grant $6,800
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.

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