The purpose of financial aid is to provide financial assistance to students who would otherwise be unable to attend college. A majority of financial aid, including aid funded through federal and state agencies, is granted on the basis of need. A student’s financial need is the difference between the total cost of one academic year (two semesters) of study at the college and the total resources available to the student and, if dependent, to his/her family.
The Goodwin College Financial Aid Office is dedicated to giving students the personal attention needed to help them find the financial means to pay for their college education. A variety of financial aid is available to qualified individuals in the form of grants, loans, part-time employment, and scholarships. Some of these funds originate from federal and state agencies and some originate from local government and community-based organizations. Some funds originate from Goodwin College in the form of institutional grants. Scholarships and grants do not have to be repaid. Loans have to be repaid. Typically, federal loans are repaid after the student graduates or is no longer enrolled in college.