Financial Aid

 
 
 

Complete your 2024-2025 FAFSA as soon as possible to ensure you meet any Federal, State, Private, or Morningside requirements. Visit the FAFSA website

YOUR GUIDE TO FINANCIAL AID

Morningside is deeply committed to making education accessible and affordable, hence we offer a variety of financial aid options, including scholarships, grants, work-study opportunities, and loans, to help students invest in their futures without undue financial burden.

student smiling in class

WHEN DO YOU PLAN TO ENROLL?

Fall 2024

Learn about scholarships for High School students planning to enroll in Fall 2024.

Spring 2024

First-year

Learn about scholarships for first year students planning to enroll in the Spring of 2024.

Spring 2024

Transfer

Learn about scholarships for students planning to transfer in the Spring of 2024.

KEEPING IT AFFORDABLE

24k

average minimum award

16k

state and federal resources available

100%

of students receive financial aid

OUR COMMITMENT TO YOU

ACCESS TO MSIDE

Access to Mside is our commitment to help streamline paying for college. All new full-time undergraduate students for 2024-2025 will be guaranteed a minimum award package. These packages include all grants and scholarships available through Morningside, as well as federal and state assistance. See the flyer below for details. *Please note this offer is not available for online or transfer students.

FEDERAL, STATE, + INSTITUTIONAL AID

Grants are one of the best kinds of aid because they don’t need to be paid back. They are awarded for one year at a time and can be renewed. Here are a few examples of federal and state grants:

Federal Loan Options

Federal loans have to be paid back, but are fixed at a low interest rate. Some loans accrue interest while you’re in school (unsubsidized), while others don’t (subsidized). Some examples of federal loans include:

Morningside Loan Options

McElroy-Morningside Private Student Loan

  • Must be a U.S. Citizen.
  • Must be enrolled full-time and eligible for a Morningside scholarship.
  • Interest rate is fixed at 5%.
  • A cosigner is required.
  • Annual loan limit: Usually $3,000 (varies based on funding availability).
  • Cumulative Loan Limit: $12,000
  • Interest and repayment begin 6 months after student is enrolled less than half time.
  • Repayment term: Up to 10 years.

Mabel E. Sherman Loan

The Mabel E. Sherman Loan program is provided through Morningside University from funds distributed from the Mabel E. Sherman Education Trust Fund. Funding is limited and preference is given to residents of Ida or Cherokee County Iowa residents. Only full-time students are eligible during the regular academic year. Students’ eligibility is determined when their financial aid awards are made. Loans are limited to a maximum of $3,000 annually. Loans have a fixed interest rate of 5%. Interest and repayment begin 10 years after the 1st disbursement on a monthly basis for up to 10 years.

Private Loan Options

Contact Student Financial Planning for more information at finaid@morningside.edu

or 712-274-5159.

The government funds an opportunity for you to earn money and gain experience working on campus. You must be eligible for need-based financial aid to qualify for federal work study. A typical Morningside work study award is $2,000 per year. The dollars earned through work study employment will not impact your FAFSA the following year. If you don’t qualify for work study, it is possible to get an on-campus job paid through campus payroll. Contact Student Financial Planning for more information at finaid@morningside.edu or 712-274-5159.

Contact Us

Questions? We’d love to help. Contact us today.

Morningside University
Office of Student Financial Planning
1501 Morningside Avenue
Sioux City, IA 51106

712-274-5159

finaid@morningside.edu

Lewis Hall