Scholarships aren't always enough.

If you're still concerned about paying for college, read more about the financial aid that may be available to you.

At Morningside College, we like to tell it like it is. On the face of it, the price for a quality private education may seem out of reach for you and your family.  But with the amount of financial aid available to our students, Morningside can be just as affordable as another institution with a lower "sticker price."

Annual Costs  ROTC
Need Based Grants (Iowa Tuition Grants, Federal Pell Grants, National Science Foundation Grants, & Morningside Grants)

Financial Aid Web sites

Chamber Grant
Alumni Endorsement Grant Free Advice
Loans Available Contact Financial Planning


Annual Costs

Cost Sheet: Below Morningside College has laid out an annual cost outline for a new first-time full-time freshman or a new transfer student beginning 8/1/05. Costs will change each year. These costs may be broken down further by downloading information from our college catalog.

 

Annual Costs (Fall & Spring Semesters) 2005-2006  
Actual Tuition Cost:                 $17,170.00
General Fee (includes activity and technology fees):                                     910.00
Room:                     2,940.00
Board (meal Plan):                     2,684.00
Enrollment Deposit:                        100.00
Estimated Book Cost:                        800.00
Parking:                          25.00
   
*Total Cost:                 $24.529.00

 

*These costs are based on the student being full time and living on campus for nine months.

99% of Morningside College students receive financial aid. Visit our scholarship page for details of our grants and scholarships.

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Suggested Financial Aid Websites

The Internet is a great source for scholarship searching. It takes time and effort, but the right scholarship is out there for you. We suggest the following:

www.fastweb.com www.finaid.org
www.hispanicfund.org www.iefa.org
www.scholarships.com www.gbhem.org
www.iumf.org  

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Free Advice: (contact us with a question)

  • Never pay for a scholarship search
  • Contact a financial aid office for advice on scholarships and for assistance in completing the Free Application for Federal Student Aid (FAFSA). www.fafsa.ed.gov
  • Check with your guidance office for available scholarships
  • Check with your local Chamber of Commerce for scholarships
  • Check with your church for scholarships.
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Need-based Grants Available


Need-based assistance is based on what your family can afford.  This is first determined by completing the Free Application for Federal Student Aid (FAFSA). Complete this form online after your taxes have been completed each year.  Request your information be sent to Morningside College (Federal School Code Number 001879). To view an estimator of your family's need level go to www.finaid.org/calculators.   Many Morningside College students qualify for the following need-based grants.


Iowa Tuition Grant

Up to $3,900 per year.

Eligibility Criteria:

1. Iowa Resident.
2. Filed the FAFSA prior to July 1st.
3. Expected Family Contribution is equal to or less than $10,500.

For more information go to:  http://www.iowacollegeaid.org/scholarshipsandgrants/index.html and click on the link for General List of Scholarships and Grants.

Federal Pell Grant

Up to $4,050 per year.  

Eligibility Criteria:
1. File the FAFSA.
2. Expected Family Contribution is equal to or less than $3,850.



Morningside Grant

Award amount varies depending on financial need and other financial aid
Nomination Criteria: File the FAFSA.


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ROTC

Courses are available to Morningside College students under a special agreement with the University of South Dakota Department of Military Science, Army Reserve Officers' Training Corps (ROTC).

Currently classes are held in the late afternoon at the USD Vermillion, SD, campus. Enrollment must be approved, in advance, by the USD ROTC Professor of Military Science who can be contacted at (605) 677-5284 or slarsen@usd.edu or www.usd.edu/msc The first two years of Military Science courses (MSL 101, 102, 201, 202), called the Basic courses, are open to all students and no military service obligation is incurred. The junior and senior years of Military Science courses (MSL 301, 302, 401, 402), called the Advanced courses, have as a prerequisite to enrollment one of the following: 1) completion of all Basic courses; 2) attendance at a four week Leaders' Training Course at Fort Knox, KY, (for which pay is received as well as four credit hours); 3) if currently in the Army National Guard or Army Reserve and have completed both Basic Training and Advanced Individual Training; 4) prior active duty military service with completion of Basic Training and Advanced Individual Training. Advanced course participants may incur an active, Reserve or National Guard service obligation. There are many options. Interested students should discuss obligations and career plans thoroughly with the Professor of Military Science prior to enrollment. There are also many financial aid options available with ROTC for all students. All courses are tuition free.

See the current Morningside College catalog for updated information and courses.

See also: University of South Dakota Military Science (ROTC) webpage for more information: http://www.usd.edu/msc


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Chamber Grant

Morningside College has established an annual scholarship program for members of the Siouxland Chamber. The college will offer a $500 renewable scholarship to the employee, spouse, or dependent child of any member of the Siouxland Chamber who begins first-time, fulltime enrollment at Morningside College in the spring or fall of 2006.

The application is no longer available. The deadline was March 1, 2006.

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Loans Available

Most students use loans to help fund their college education. Morningside students are no different. Our most popular loan programs are:

Federal Perkins Loan:

This federally funded loan is based upon demonstrated financial need.

Federal Perkins Loans must be repaid. Repayment and interest, at the rate of 5%, begins 9 months after the student graduates or drops below half-time enrollment.

The maximum amount that may be borrowed through a Federal Perkins Loan is $4,000 per year.


Federal Subsidized Stafford Loans:


This federally funded loan is based on demonstrated financial need.

Application for a Federal Stafford Loan is made through a commercial lender. First time Stafford Loan borrowers will receive applications of preferred lenders from the Office of Student Financial Planning.

Stafford Loans must be repaid. Repayment begins 6 months after enrollment is less than half-time. The interest rate is variable, but not to exceed 8.25% (as of 7-1-04 the interest rate was 2.77%).


The maximum amount that may be borrowed each year is as follows: $2,625 for a freshman student, $3,500 for a sophomore student, $5,500 each year for the remaining years, up to a total of $23,000 for undergraduate studies.

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Alumni Endorsement Grant

Your endorsement counts at Morningside College. Alumni referrals are one of our best sources of locating bright, talented high school students. The deserving student(s) you refer will receive the added benefit of a $500 grant that is renewable for up to four years.

Simply provide the name and address of any individual you think would benefit from our educational experience. We will send the appropriate publications and admission materials. You may recommend as many students as you wish. If you would prefer a hard copy of the form, or if you have any questions regarding the Morningside College Alumni Endorsement Grant program, please contact us at 1-800-831-0806, ext. 5111 or request a form from mscadm@morningside.edu.

The application is no longer available. The deadline was March 1, 2006.

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Contact the Office of Financial Planning

The Morningside College Office of Financial Planning is YOUR resource for college financial planning assistance. We are a service center for students and parents.

Karen Gagnon, Director of Student Financial Planning

gagnon@morningside.edu
1-800-831-0806 x5272

Michelle Robinson, Assistant Director of Student Financial Planning
robinson@morningside.edu
1-800-831-0806 x 5425

Sue Stevens, Work Study, Student Financial Planning Coordinator
stevenss@morningside.edu
1-800-831-0806 x 5205

Bonnie Crary, Administrative Assistant, Student Financial Planning

1-800-831-0806 x 5159

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