$5,431

Avg. Federal Grant

$4,005

Avg. Federal Loan

$51,695,209

Total Aid Awarded

Grinnell College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

2%

Institution Grant Aid

85%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$5,431

State Grant Aid

$4,986

Institution Grant Aid

$33,860

Pell Grant

$4,620

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$50,978

$30,001 - $48,000

$54,401

$48,001 - $75,000

$45,102

$75,001 - $110,000

$41,573

Over $110,000

$28,371

Student Loans for Grinnell College

Average Loan Amount Average Loan Amount received per year.

$5,229/Year

Students Taking Out Loans

50%

Loan Default Rate

1%

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