Grinnell College Financial Aid and Scholarships
Students Receiving Aid
84%
Total Aid Amount
$51.695M
Financial Aid Official Website
ww3.grinnell.edu/admission/financial-aid
Among them are scholarship programs such as All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and College Opportunity Scholarship. Notably, 89% of the students at Grinnell College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,071,464. Notably, a total of 22% of the applicants to Grinnell College receive the Federal Grant every year. Meanwhile, 87% of the applicants receive the Student Grant and 87% are awarded the Institution Grant, while 22% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,640, while the same comes to $5,851 for State Grant receivers and $36,905 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,668. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At GC, an estimated number of 46% of the applicants choose to go for student loans.
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