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Need-Based Financial Aid

 

need-based-financial-aid-body_0624

At Grove City College, students must demonstrate financial need and academic achievement to qualify for need-based financial aid. Returning students must have earned a minimum cumulative QPA (CQPA) of at least 2.00 and complete at least 24 credits each year to qualify for need-based financial aid.

Important Notice: For applicants who would enroll in Fall 2025, we are transitioning from using the Grove City College Financial Aid Application to using the College Scholarship Service Profile (CSS Profile) which is hosted by the College Board.

International students should use the CSS Profile.

Find Application Here

How is need determined?

Financial need is based on a simple formula:

Cost of Attendance - Expected Family Contribution = Financial Need

To calculate financial need, the expected family contribution is subtracted from the cost of attendance. Financial need is interpreted as eligibility for financial aid. From this equation, you can see that the higher the cost of college, the greater the amount of financial need.

Cost of Attendance

The cost of attendance consists of tuition, fees, food and housing, books, travel, and other associated educational costs.

Expected Family Contribution (EFC)

The EFC is a calculated assessment of how much a family can contribute to their child's college costs.

How is EFC calculated?

The EFC is calculated by considering the family's financial strength (their income and assets). Many variables are considered to determine a family's financial strength, such as family size, number of family members in college, income, and assets.

Grove City College uses Institutional Methodology to determine EFC. Developed and maintained by the College Board to assist colleges, universities, and private scholarship programs in determining eligibility for institutional and private financial aid funds, IM is a need analysis formula. Use the College Board's EFC Calculator to estimate EFC with the IM formula. 

Applying for Need-Based Financial Aid

All students who wish to be considered for need-based financial aid need to apply annually as need-based aid is not automatically renewed. Select and complete the appropriate Financial Aid Application.

Incoming students and families should apply by the deadlines even if they are wait-listed, and applicants should keep copies of all documents and correspondence. Students who plan to study abroad should review the Aid for Study Abroad Policy.

Need-based financial aid is awarded annually based on the aid application deadline and available funds, so you should apply as soon as possible after October 1.  

Financial Aid Application Deadlines:
April 15 – incoming and returning students
August 15 – fall transfer students
January 15 – spring incoming and transfer students

Aid applications completed for incoming and returning students after April 15 but before July 15 will receive a reduced award. Applications will not be accepted after July 15.

All appropriate forms must be filed according to the directions and deadlines provided. For incoming freshmen who have completed the need-based financial aid application, official award letters will be e-mailed out within five days of their corresponding acceptance dates. For need-based financial aid applications completed after those dates, aid packages will be e-mailed on a rolling basis. Award letters for returning students who apply for financial aid each year are e-mailed in June to the student’s Grove City College e-mail address.

Changes in family circumstances that would result in a significant change in their ability to pay should be reported to the College’s Financial Aid Office as soon as possible.

Grove City College Net Price Calculator

The Grove City College Net Price Calculator collects financial and additional information to calculate an estimated EFC. It then produces an estimated need-based financial aid award to provide students with a sense of what it will cost to attend Grove City College for the year.

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