Two students working together at a computer

Understand Your Award

Related Link: Online Financial Aid Office (Login credentials are provided with notification of admission.)

Grinnell has a need-blind domestic admission process (meaning we don't consider whether you need financial aid in admission decisions) and we meet 100% of every student’s demonstrated financial need. We look at a variety of information to determine how much you and your family should be able to contribute to the cost of your education, and then we subtract that from the amount it will cost you to attend Grinnell to figure out how much financial aid you will need.

The College offers financial aid to students in the form of grants, scholarshipsstudent employment, and student loans.

Report Outside Scholarships to the Office of Financial Aid

Notification of Aid Eligibility

If you have applied for financial aid by the appropriate deadline, your award notification will be included with your admission acceptance letter.

Each letter will inform you which of the types of aid you are eligible to receive. Some forms of aid, like loans, you may accept or reject.

The amount you have been awarded is split out by semester, and your award total is the combined amount of all financial aid offered to you for the year.

Evaluating Your Cost

The Evaluating Your Cost worksheet is designed to help you estimate your 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 awarded will tell you your estimated amount due.

 

Maximum Federal & State Aid

Federal Programs

Annual Maximum

Federal Pell Grant $6,095
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 Programs Annual Maximum
Iowa Tuition Grant $5,650
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.