by our College Data Analytics TeamMany students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Goshen College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Goshen offer, and what will you qualify for? Keep reading for more information. Keep scrolling to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Goshen College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Goshen College, 100% of first-time, full-time freshmen received some form of financial aid roughly 156 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $32,434 |
| Institutional grants & scholarships | 100% | $25,471 |
| Federal Pell grants | 47% | $5,461 |
| State/local grants | 36% | $10,693 |
| Federal student loans | 52% | $5,059 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 91% of undergrads got grants or scholarships worth on average $29,729 (among about 706 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $29,729 |
| Federal Pell grants | 36% | $5,390 |
| Federal student loans | 47% | $6,527 |
On-campus students receiving title-IV aid were awarded grants averaging $33,956.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,386 |
| $30,001 – $75,000 | $14,602 |
| Over $75,000 | $18,630 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,493 |
| Off-campus title-IV students | $15,725 |
For a customized cost estimate, visit Goshen’s online cost calculator: www.goshen.edu/financial-aid/calculator/.
The median federal debt load at Goshen comes to $13,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,750 |
| Median federal debt (graduates only) | $22,974 |
| Typical 10-year monthly payment (graduates) | $243.56/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Goshen.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,010 |
| 25th percentile | $7,500 |
| 75th percentile | $25,150 |
| 90th percentile (highest-debt students) | $32,200 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,625 |
| Middle income | $12,791 |
| High income | $15,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,944 |
| Continuing-generation students | $15,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $12,226 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Goshen.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Goshen:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3368 |
| Total Stafford loan amount | $51,855,939 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $111,364 |
| Average GI Bill amount per recipient | $22,273 |
References
More about our data sources and methodologies.