Understanding Your Financial Aid Award
Admitted students who have applied for financial aid by the appropriate deadline can expect their award notification to be available online at the time of admission notification. Login credentials are included in the admission notification.
Returning students will receive email notification when their award is ready to view online.
The amount awarded is split out by semester, and award total is the combined amount of all financial aid offered tor the year.
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 awarded 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. Please contact our office for assistance with the worksheet if you have questions or difficulties using it.
| Federal Programs | Annual Maximum |
|---|---|
| Federal Pell Grant | $6,345 |
| 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 | $6,200 |
| 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.