Financial Aid

Admission

Your Gustavus education is both an experience and an opportunity of great value. It represents a significant investment of time, energy, and resources by both you and your family. Your education will impact the rest of your life. Gustavus supports you in this investment.

We strongly encourage you to first consider the best college fit independent of cost. Then, with this understanding of your priorities, explore all the financial assistance options. We strive to make a Gustavus education accessible for all families through a combination of merit-based scholarships, need-based financial assistance, and financing options.

We want to make the financial aid process more clear; please contact us or the Gustavus Financial Assistance Office with any questions or concerns.

Financial Aid Process

  1. Before Admission. To get a possible award more quickly, you can begin the financial aid process before receiving an offer of admission.
  2. Scholarship Applications. To be considered for the President's, fine arts, or speech scholarships, submit the individual scholarship applications by January 6.
  3. CSS/Financial Aid PROFILE or Free Application for Federal Student Aid (FAFSA). All financial aid applicants need to complete the PROFILE and/or the FAFSA.
  4. Timeline:
    Admitted to Gustavus and submitted the PROFILE by Financial aid award by*
    December 1 December 20
    January 1 January 20
    Admitted to Gustavus and submitted the FAFSA by Financial aid award by*
    February 1 or after (priority deadline is March 15) Rolling notification beginning March 15
  5. * Scholarship Day. Finalists (notified by February 15) for the President's, fine arts, or speech scholarships will receive their entire financial aid award shortly after participating in Spring Scholarship Day.
  6. Verification. If you receive a financial aid award from Gustavus, you may need to provide additional documents. If this is the case, our financial aid office will notify you.

Merit-based scholarships

After admission to Gustavus, qualified students will be automatically considered for annually renewable merit-based aid (scholarships), like our Dean's Scholarship. Some scholarships require separate applications before consideration, such as our top academic scholarship (the President's Scholarship) and our fine arts scholarships. The application deadline for these scholarships is January 6, 2014.

Need-based financial aid

Eligibility for need-based financial aid is determined by the one-time submission of the CSS/Financial Aid PROFILE (optional) or annual submission of the FAFSA (required).

The PROFILE and FAFSA use a formula to determine your family's expected contribution toward your education costs in the coming year. Family income and assets are primary considerations. Other factors are also assessed, including certain personal data like size of family, number of family members in college and age of parents.

To receive an initial estimate of your family's financial aid eligibility, use our online financial aid calculator.

After receiving an actual financial aid award, some families will be asked to verify their financial information by submitting tax forms and other related forms.

Financial aid awards are renewable by completing the FAFSA each subsequent year.