1. Mennonite Education is Affordable
The Key to obtaining Financial Aid is understanding how the system works. I. General Over-view
II. Comparative Data
III. Church matching program
Handout:
FSA Guide
Handout:
Mennonite College/University handout

2. Principles of Need Analysis
To the extent they are able, Parents have the primary responsibility to pay for their dependent child’s education. Students also have a responsibility to contribute to their educational costs.
Families should be evaluated in their present financial condition.
A family’s ability to pay for educational costs must be evaluated in an equitable and consistent manner, recognizing that special circumstances can and do affect a family’s ability to pay.

3. www.fafsa.ed.gov/ www.studentaid.ed.gov bookmark
FAFSA on the Web brochure

4. aid offered vs. eligibility: pgs. 8-9
Definition of Need, pg.8
Tuition and fees
Room and Board
Books, supplies,
Personal, travel
Cost of Attendance
- Expected Family Contribution (EFC) = Eligibility
Student’s +
Parent’s
Contribution
Financial Aid Need
aid offered vs. eligibility: pgs. 8-9

5. Need Comparison
Higher Cost Mid Cost Lower Cost Institution Institution Institution Cost of Attendance -Expected Family Cont’b = Need / Eligibility
The Expected Family Contribution is the same at each institution.
$ 40, $28, $16,000 $ 8, $ 8, $ 8,000
$ 32, $20, $ 8,000

6. Special Circumstances P. 9
Reported to the financial aid office
Medical
Parent loss of income
Unusual debt or one-time income
Tuition expenses at an elementary or secondary school
Parent in College The financial aid administrator’s decision is final and cannot be appealed to the Department of Education

7. U.S. News and World Report Data

8. State Schools Indiana University James Madison University (VA)
Michigan State University
Ohio State University
Penn State University
University of Illinois
University of Iowa
University of Michigan

9. Benchmark Schools Adrian College, MI Albion College, MI
Alma College, MI
Anderson Univ., IN
Bethany College, WV
Bethel College, IN
Calvin College, MI
Central College, IA
Dordt College, IA
Franklin College, IN
Fresno Pacific Univ, CA
Georgetown College, KY
Gordon College, MA
Grace College, IN
Hanover College, IN
Houghton College, NY
Huntington College, IN
IN Wesleyan University
Luther College, IA
Malone College, OH
Manchester College, IN
Marian College, IN
Messiah College, PA
Monmouth College, IL
Morningside College, IA
Moravian College, PA
Mt. Vernon Nazarene Univ, OH
Nebraska Wesleyan Univ
Northwestern College, IA
Olivet Nazarene Univ, IL
Salem College, NC
Spring Arbor Univ, MI
St.Joseph College, CT
St. Mary's College, IN
Tabor College, KS
Taylor University, IN
Thiel College, PA
Tri-State University, IN
Trinity Christian College, IL
U. of St. Francis, IN
Wartburg College, IA
Westminster College, PA
William Jewell College, MO

10. Mennonite Schools* Bethel College, KS Bluffton University, OH
Eastern Mennonite University, VA
Goshen College, IN
*Hesston not included

11. $14,893 $24,279 $23,404 Tuition, Room & Board State Schools
Benchmark Schools
$24,279
Mennonite Schools
$23,404

12. 11% 7% 5% 2004-05 Increase State Schools Benchmark Schools
Mennonite Schools 5%

13. Undergrads with need fully met
State Schools
41%
Benchmark Schools
35%
Mennonite Schools
48%

14. Avg Financial Aid Package
State Schools
$9,621
Benchmark Schools
$14,325
Mennonite Schools
$15,326

15. 76% 82% 90% Need based % of need met State Schools Benchmark Schools
Mennonite Schools
90%

16. Tuition & Fees minus Scholarship Fin Aid Package
State Schools
$5,272
Benchmark Schools
$10,022
Mennonite Schools
$8,048

17. $16,613 $17,743 $18,973 Avg Debt at Graduation State Schools
Benchmark Schools
$17,743
Mennonite Schools
$18,973

18. Church Matching Grants
Dollar for Dollar match for 1st $1000
$1 match for every $4 above initial $1000, up to full tuition
Handout: Church matching Information

19. Sunnyside Mennonite, Elkhart IN
Provide a 25% church aid grant

20. First Mennonite of Normal IL
Church Aid and Match completes (up to full tuition) any amount not covered by other scholarships and grants

21. First Mennonite of Iowa City
Church Aid is calculated at 20% of Tuition minus any scholarships and grants

22. Church Matching Grants
Dollar for Dollar match for 1st $1000
$1 match for every $4 above initial $1000, up to full tuition Examples: Church $ Match $ Church $ Match $1750