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Financial Aid Fact Sheet

Financial Aid Fact Sheet

Goddard College is a Title IV eligible institution and offers federal and state grants, federal and private loans, and institutional scholarships and grants.  For the 2011-2012 award year, 86% of Goddard students received some form of financial aid.  81% of students took out federal loans and 65% of undergraduate students received federal Pell and/or SEOG grants.

Goddard’s tuition and fees vary based on the degree program, residency site, credit hours, and other options such as licensure. Please access the link to our Tuition and Fees page to determine the cost of our programs.

Schools are able to add in a Cost of Attendance (COA) calculation to the student’s budget in addition to direct costs owed to Goddard. This enables us to award funds to supplement your educational costs. These include an estimated amount per award year of:·        

  • Room & Board assistance $8000
  • Books & Supplies $600
  • Transportation $2000
  • Miscellaneous (such as computer costs and loan fees) $3000
  • Childcare while attending  the 8 day residency week

Approval of these additional funds are based on aid eligibility.

Students requesting aid should first complete a FAFSA (Free Application for Federal Student Aid) form found at www.fafsa.ed.gov. Goddard’s school code is 003686. Based on the calculation from your FAFSA form, we determine what types of aid you are eligible for.

Undergraduate students (BA / BFA) may be eligible for Federal Pell and SEOG grants as well as Federal Direct, Perkins and Parent PLUS loans. For specific amounts, please visit the Financial Aid FAQ page. The eligible amounts depend on financial need and grade level. Many New England States offer grants to undergraduate students.

Graduate students (MA / MFA) may be eligible for Federal Direct loans and Graduate PLUS loans. For specific amounts, please visit the Financial Aid FAQ page.

Goddard awards a limited number of scholarships each year to undergraduate and graduate students. To see the listing of  2012-2013 scholarships, please visit the Goddard Scholarships page.

Goddard also participates in the CIC / Tuition Exchange program.  Many employers may also offer tuition benefits to their employees and/or dependents.

Debt while at Goddard College

The financial aid office at Goddard College strives to ensure that students receive the aid necessary to attend college without over-borrowing loans in the process. At every residency, we hold entrance interview sessions to review borrower’s rights and responsibilities. We also hold financial literacy workshops at every residency.

 

Loans include Federal Subsidized, Unsubsidized, PLUS, Perkins and Private Loans borrowed while at Goddard.

Default rates

Goddard’s two year Default Rate History        

 

NCES College Navigator

The National Center for Education Statistics (NCES) has updated the College Navigator website to include all the data items required by the Higher Education Opportunity Act. The update includes new financial aid categories, federal loan data by type, default rates, student-faculty ratios, disability services and a new Multi-Year Tuition Calculator that estimates the total tuition costs over the duration of a typical program. Please access the information at http://nces.ed.gov/collegenavigator.