Student Financial Aid

Student Financial Aid is available for those students who qualify. Forms of Financial Aid included at Graceland are employment, loans, and grants. All aid based upon financial need, academic achievement, and/or meritorious performance and is granted for a given academic year. Financial aid is supplementary to the effort of the family with whom rests the primary responsibility for financing a college education.

Financial Aid Services is the only office at Graceland University authorized to offer financial aid to students. Only awards originating from this office will constitute a commitment on behalf of Graceland University. Recommendations for awards can be made by faculty or staff on campus, and these are taken into consideration before the award letter is sent.

In order to receive federal or state financial aid, students must file a Free Application for Federal Student Aid (FAFSA) each year and be making satisfactory academic progress as defined in this Catalog. (A FAFSA is required for each applicant. When more than one student from the same family plans to attend college, a FAFSA must be filed yearly for each student. To file the FAFSA, go online at http://www.fafsa.ed.gov/. Financial assistance is awarded without regard to race, color, sex, religion, sexual orientation, or politics.

NOTE: Information about the various types of financial aid is subject to change when federal regulations change. Also, please see the explanation of Graceland's Refund Policy for charges and for return of federal, state and institutional aid.

Students applying for federal and state financial aid must file a Free Application for Federal Student Aid (FAFSA) to determine financial need. Indicate on the FAFSA that you want the results of this analysis sent to Graceland University, code #001866.

When documents are received, all related factors in combination with this analysis are considered in granting aid and an award letter is sent to the student. If the student believes the award is unfair or unreasonable or believes a mistake has been made, he/she may appeal by contacting the Director of Financial Aid Services. If the student is still unsatisfied, she/he may appeal to the Vice President for Enrollment who will review the case in consultation with the Financial Aid Committee.

The Free Application for Federal Student Aid (FAFSA) should be submitted as soon as possible after January 1. Awards will be made beginning approximately March 1.

All forms of financial assistance are granted for a period of one academic year providing the student is making satisfactory academic progress at the beginning of each term. Students who wish to receive assistance in subsequent years must file the Free Application for Federal Student Aid (FAFSA) each year so that their eligibility may be reviewed annually.

Returning students may file a renewal FAFSA online at http://www.fafsa.ed.gov/. Renewal of most types of financial aid is based upon continuing financial need and academic achievement.

Graceland University institutional aid may be awarded to eligible students for up to but not to exceed ten full-time semesters.

Graceland University administers a program of academic scholarships and grants. Grants are awarded to full-time students on the Lamoni Campus and to students in the residential nursing proigram on the Independence Campus in the areas of athletics, performing arts, Community of Christ Leadership, and congregational matches. Academic scholarships, when applicable, are awarded for an academic year and renewed annually in combination with the Graceland University Basic Grant. The renewal grant is called the Graceland Sustaining Grant.

All students receiving Room Grants are required to live in university housing. International students receiving Intercultural Grants are required to live in university housing.

Academic awards for students enrolling at Graceland University who have fewer than 12 semester hours of college level coursework attempted will be determined by academic preparation guidelines including the cumulative high school GPA, rank in class, and the ACT or SAT test scores.

An Academic Scholarship is available to international students who qualify based on their college cumulative GPA after final grades from the Spring semester are recorded, and is awarded for the upcoming academic year provided the student has not exceeded the maximum institutional award. No international student qualifies for an Academic Scholarship until they have a Graceland University GPA. The Academic Scholarship is to be awarded in addition to the student's Intercultural Grant based on the grid below:

3.00 to 3.499  $1,000
3.50 to 3.799 $1,500
3.80 to 4.00 $2,000

Students who wish to participate in a study abroad program may, if eligible, receive federal financial aid. Students for whom study abroad meets a requirement of their degree program may, if eligible, receive the Graceland Academic Scholarship or the Graceland Sustaining Grant. Eligible students may also receive the Honors Scholarship. No other Graceland grants or scholarships will be awarded during the study abroad period. To receive Federal Financial Aid, students must (1) file a Free Application for Federal Student Aid (FAFSA), (2) submit estimated costs to Financial Aid Services for the program in which he/she wishes to participate; and (3) secure a statement from the Registrar indicating that all credits earned will be accepted at full value at Graceland University.

Student Employment: Part-time employment of five but no more than twenty hours per week on the university campus is available for many students. Priority is given to those who have financial need. Employment opportunities in university departments include office assistants, library assistants, catering assistants, custodians, receptionists, music accompanists, photographers, lifeguards, audio-visual equipment operators, and other similar positions. Earnings are paid on the twenty-sixth day of each month. The pay period is from the twenty-first of one month to the twentieth of the next month. Graceland participates in the Federal Work-Study Program authorized by the Higher Education Act of 1965 as amended.

Students wishing to work and do not have financial need may apply for employment. These stduents will be approved for employment according to the needs of the institution.

Federal Perkins Loans: Loans are provided to students who show exceptional financial need, have filed a FAFSA and are making satisfactory academic progress. The loan funds are “reasonably available” to all students who meet the federal eligibility requirements. Loans are available to freshman and sophomore level students up to $2500 and to junior and senior level students and graduate students up to $1000. The repayment period is up to ten years at an interest rate of five percent per annum, and begins nine months after the student ceases to be enrolled at least half-time as a regular student. Payments are to be made monthly, but may be deferred during periods when the borrower is pursuing at least a half-time course of study at an institution of higher education, and during other periods described in the regulations. Additional benefits of partial or complete loan cancellation are available to those who enter certain areas of service, relative to the regulations in effect at the time the promissory note is signed. Examples are full-time teaching service with the handicapped or special education students, Head Start, or in designated low-income school districts published in a federal directory; law enforcement; nursing (loans issued after 7/23/92 only), and other specified areas.

Federal Supplemental Educational Opportunity Grant (SEOG): To be eligible for a Federal Supplemental Educational Opportunity Grant, the student must be eligible for the Federal Pell Grant, maintain satisfactory academic progress and be enrolled full-time. The grant does not have to be repaid. Awards range in amounts up to $1,700 per year.

Students may receive the SEOG until they earn a bachelor’s degree if they continue to meet the eligibility requirements and funds are available. However, the amount of the grant may change each year according to the family financial situation, availability of funds and changes in awarding guidelines.

Federal Pell Grant: This is a federal program that, when fully funded, provides up to $4,731 for 2008-09. Application is made by completing the Free Application for Federal Student Aid (FAFSA) and submitting it to the Department of Education. The federal government determines the student’s eligibility for this award. The student must maintain satisfactory academic progress.
William D. Ford Direct (Subsidized and Unsubsidized) Student Loan Program: This federal Direct Loan program enables a student to borrow directly from the federal government. While eligibility for the subsidized Direct Loan requires proof of financial need, financial need is not a consideration for the unsubsidized Direct Loan. The student must file a Free Application for Federal Student Aid (FAFSA) annually to determine eligibility for participation in this program, and be enrolled at least half-time. The variable interest rate is capped at 8.25%. The interest rate is determined on July 1st for the succeeding academic year. Borrowers of a Direct Loan are charged a .5% loan fee at the time of disbursement of the loan proceeds. These loans may be used singly or in combination so that any eligible enrolled student may borrow up to an annual loan limit of:
Year 1 $3,500.00
Year 2 $4,500.00
Year 3-5 $5,500.00
Maximum available for an undergraduate degree is $23,000.00
Federal Direct Subsidized Loan only: No payments are due from the student and the government pays all interest until six months after the student leaves school or drops below half-time enrollment status.
Federal Direct Unsubsidized Loan only: Repayment on the principal amount of the loan does not begin until six months after the student leaves school or drops below half-time status, BUT the student is responsible for the interest from the date of the last disbursement of the loan. The student may pay the interest monthly or quarterly, or may defer interest payments during school or the six-month grace period. Arrangements for payment are made by the student with the Department of Education. For independent students and dependent students whose parents cannot obtain a Federal Direct Plus Loan or for whom Financial Aid Services has made a professional judgment decision, the student may have additional unsubsidized loan eligibility up to:

Year 1-2 $4,000.00
Year 3-5 $5,000.00
Maximum available is: $23,000.00

Federal Direct PLUS Loan: This loan enables parents to borrow for a dependent student. A parent may borrow up to the entire cost of each dependent child’s education (minus other financial aid awarded) at a variable interest rate not to exceed 7.9%. The PLUS loan requires an origination fee of 4.25. A credit check based on federal regulations is required. Repayment, unless deferred, begins 60 days after disbursement of the loan proceeds. Depending upon the amount borrowed, parents may have up to 10 years to repay.
Iowa Tuition Grant: Students who are residents of Iowa are eligible to apply for the Iowa Tuition Grant. The FAFSA must be mailed in time to reach the appropriate processing agency on or before the July 1 deadline (Filing the FAFSA constitutes applying for the Iowa Tuition Grant).
High School and Transfer Students

Scholarships for incoming freshmen are based on high school GPA and composite ACT or combined SAT scores and class rank. For new high school graduates who have earned 12 or more semester hours of postsecondary credit, the Academic Scholarship will be based on the higher of the high school or the postsecondary cumulative GPA. For transfer students who have attempted 12 or more semester hours, scholarships are based on college GPA. The following are the scholarship ranges awarded:

Incoming High School Students

ACT Less than 2727-36
SAT Less than 12201220-1600
GPA Academic Grant Amount 
4.00+ $6,000$7,000
3.75 - 3.99 $5,000$6,000
3.50 - 3.74 $4,000$5,000
3.25 - 3.49 $3,000$4,000
3.00 - 3.24 $2,000$3,000
0.00 - 2.99 $ --0--$ --0--

Transfer Students

GPA  Grant Amount
4.00+  $7,000
3.75 - 3.99  $6,000
3.50 - 3.74  $5,000
3.25 - 3.49  $4,000
3.00 - 3.24  $3,000
0.00 - 2.99  $ --0--

The above Academic Scholarships are for incoming students only.

Graceland offers undergraduate and graduate degree programs through a variety of delivery methods including off-campus classroom, on-line and correspondence, and sometimes a blended model of two or more methods. Graceland University's Global Campus is the expansion of our programs on-line and at remote locations. All of these degree programs are eligible for financial aid, either Title IV federal student aid or private loans. Graceland University has chosen to establish a reasonable tuition rate rather than offer institutional aid for Global Campus degree programs.

To apply for Title IV federal student aid, students must file a Free Application for Federal Student Aid (FAFSA) as described in the Student Financial Aid section of this catalog.

To establish eligibility for private loans, students apply directly to the lender of choice. The financial aid advisor for Graceland University's Global Campus can assist with this process.

The following is a list of Graceland University’s degree programs offered under the umbrella of Global Campus and the financial aid for which eligible students may apply.

UNDERGRADUATE - Classroom

Division of Off-Campus Studies

Indian Hills Community College, Bachelor of Arts, Elementary Education major (Centerville, IA):

  • Title IV federal student aid, including Pell, SEOG, William D. Ford Direct Student Loans and Perkins Loans
  • Iowa Tuition Grant

North Central Missouri College, Bachelor of Arts, Elementary Education major (Trenton, MO)

  • Title IV federal student aid, including Pell, SEOG, William D. Ford Direct Student Loans and Perkins Loans

School of Education

Bachelor of Arts, Elementary Education major – Independence Campus:

  • Title IV federal student aid, including Pell, SEOG, William D. Ford Direct Student Loans and Perkins Loans

UNDERGRADUATE - Distance Education (On-line)

School of Nursing

Bachelor of Science in Nursing

Cohort on-line

  • Title IV federal student aid, including Pell, SEOG, William D. Ford Direct Student Loans and Perkins Loans

Bachelor of Arts, Health Care Administration major

Correspondence

  • Title IV federal student aid, including Pell, SEOG, William D. Ford Direct Student Loans and Perkins Loans

GRADUATE - Classroom

School of Education

Master of Education – Cedar Rapids/Des Moines/Independence/Indianola/Lamoni

  • William D. Ford Direct Student Loans and Perkins Loans

GRADUATE - Distance Education (On-line)

School of Education

Master of Education – On-Line (Collaborative Learning & Teaching/Technology Integration/Special Education)

  • William D. Ford Direct Student Loans and Perkins Loans

Master of Education – On-Line QEP (Quality Schools/Quality Teaching Strategies)

  • William D. Ford Direct Student Loans and Perkins Loans

School of Nursing

Master of Science in Nursing

MSN: Family Nurse Practitioner (On-line); Clinical Nurse Specialist/Nurse Educator (On-line)

  • William D. Ford Direct Student Loans and Federal Perkins Loans

MSN: Family Nurse Practitioner/Clinical Nurse Specialist (On-line)

  • Federal Nurse Traineeship Grant
    (Apply directly to Dean, School of Nursing and Allied Health)
  • William D. Ford Direct Student Loans and Federal Perkins Loans

Post-MSN Certificate Programs: Family Nurse Practitioner; Clinical Nurse Specialist; Nurse Educator (On-line)

  • William D. Ford Direct Student Loans and Perkins Loans

Seminary

Master of Arts in Religion (MAR)

  • Private loans

Master of Arts in Christian Ministries (MACM)

  • Private loans
Graceland University - 
Lamoni Campus | 1 University Place | Lamoni, IA 50140 | 641.784.5000
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