Frequently Asked Financial Aid Questions:
Financial aid is money available from federal, state, University and private sources
to help students meet college costs. Financial aid will help pay for direct educational costs such as tuition, books and fees, as well as for personal living expenses such as housing, food and transportation. Financial aid is designed to assist families for
paying for the cost of attending college.
Q. Can we afford Graceland University?
Q. What types of financial aid are available from Graceland University?
Q. How do applicants apply for Federal financial aid?
Q. What information is required on the FAFSA?
Q. I was just informed that our FAFSA is “in verification.” What does this mean?
Q. Can we afford Graceland University?
A. Before dismissing Graceland as too expensive, learn about all the financial aid that may be available to you from federal, state and institutional sources. Over 90% of our students receive some form of financial aid. Financial aid comes in the form of:
• gift aid (scholarships and grants).
• loans (to be repaid).
• student employment.
For information about your eligibility for financial aid, contact your Admissions Counselor (866-GRACELAND) or a Financial Aid Advisor (888-427-8979). For current tuition rates click here. Return to top
Q. What types of financial aid are available from Graceland University?
A. Graceland has a variety of institutional funds available to students:
• Need-based aid
• Academic Scholarships
• Athletics performance grants
• Fine arts performance grants
• Scholarships for students who are willing to engage in a scholarship competition process during Spectacular (Community of Christ youth camp)
• Essay Competition
• Entrepreneurship grants
• Congregational matching grants (any denomination)
• Church leadership forgivable loans (Community of Christ members)
• Alumni endowed grants
• Loans from private lenders
Our Financial Aid Advisors can guide applicants through the financial aid process. For deadlines and more information click here. Return to top
Q. How do applicants apply for Federal financial aid?
A. You must complete the Free Application for Federal Student Aid (FAFSA). You may complete this form electronically over the web at www.fafsa.ed.gov.
The paper version of this form is available from most high school counselors, college admissions staff or financial aid offices. You may file anytime after January 1. Note the filing deadlines for any aid for which you are applying. Return to top
Q. What information is required on the FAFSA?
A. Students and parents will need their income tax returns in order to complete the financial information on the FAFSA. Additional questions will be asked regarding non-taxable income, contributions to retirement accounts and child support that are not found on the income tax forms. If you have any questions while completing this information, feel free to call Financial Aid Services at 888-427-8979. The school code for Graceland University is 001866. Return to top
Q. I was just informed that our FAFSA is “in verification.” What does this mean?
A. Graceland University is required to verify financial information reported on certain FAFSAs selected at random by the US Department of Education. This is called Verification. In order to complete this process, we will ask for copies of both the student's and parents’ income tax returns for the previous year, the year reported on the FAFSA. In addition, we must verify the names and relationships of members living in your household. Until this process is completed, we are unable to award any federal or state aid based upon financial need. Therefore, when asked to provide this information, please do so quickly so financial aid can be awarded before your bill is due. Return to top
