by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Curious about the financial aid opportunities at Goshen and what you may be eligible for? Explore the answers here.
Goshen College average financial aid offer for freshmen students is $27,422.00. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Goshen College you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers pertain to assistance that is supplied by Goshen College.
100% of incoming freshmen (160 total) were awarded scholarships at Goshen College, averaging $21,950.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 44% of freshman students (71 total) obtained federal grant aid, averaging $6,057.00 a piece.
Amount of Financial Assistance Per Income Level
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.88% | $30,838.00 |
| Income 30k-48k | 13.75% | $31,981.00 |
| Income 48k-75k | 16.25% | $27,139.00 |
| Income 75k-110k | 17.50% | $26,602.00 |
| Income 110k + | 15.62% | $22,576.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
100% of the 160 undergraduates at Goshen College receive some sort of grant aid. This is a total of about 160 students getting an average of $27,422.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.