1 Financial Aid Be a Buff
2 & Spend Less oal cos Borrow Less a Milligan LOAN DEBT 6,500 4,000 Milligan s oal cos is 6,500 below he naional average for privae colleges The average Milligan loan deb a graduaion las year was 4,000 below he naional average afer aid 1,600 Milligan s ne cos afer scholarships and aid is 1,600 below ha of oher local privae colleges in Norheas TN/VA borrowers 60% 65% 71% MILLIGAN naional oher local privae Fewer Milligan sudens borrow federal loans, AND hey borrow less per year, even less han hose aending local sae schools 98% of Milligan sudens receive meri-based and/or need-based financial assisance. In many cases, he assisance is subsanial. COST for : 27,700 3,100 3,150 1,030 34,980 receive aid uiion (radiional undergrad) board (meal plan) sandard dorm room required fees Toal for Year (before aid) Coss are he same for in-sae and ou-of-sae sudens. See for scholarship and aid info.
3 Value an unbelievable There are many college choices, and on he surface, many may look a lo like Milligan, bu few can claim and prove our oucomes wih excepional academic qualiy, suden saisfacion, and graduae success. 89% of Milligan graduaes ypically have jobs or are in graduae school wihin 6 monhs of graduaion and nearly 100% wihin one year afer graduaion PEOPLE PLACE PERFORMANCE We hire respeced faculy and saff who value good eaching, discovery, and experienial learning, so sudens learn from leading hinkers and professionals. 60% have augh a Milligan for 10+ years and 80% have erminal degrees. Our low sudenfaculy raio of 13:1 means los of personal aenion and a beer educaional experience. Our saff are here o serve. We wan our sudens o have he bes resources and faciliies possible, like he new Milligan housing village, LEED gold-cerified Gilliam Wellness Cener, Gregory Cener for he Liberal Ars, and McCormick Dining Cener. We pay aenion o our campus and provide you a beauiful seing. Milligan sudens consisenly score above he naional average in general educaion areas, as well as in heir major course of sudy. Suden-ahlees have won 46 conference iles and made 60 naional ournamen appearances in he pas 10 years. Fine ars sudens have received regional and naional accolades for heir work. Suden researchers have presened a naional conferences. PRIDE Milligan sudens consisenly express greaer saisfacion wih heir Milligan experience han sudens from peer insiuions on he Suden Saisfacion Invenory (SSI) and he Naional Survey of Suden Engagemen (NSSE). Reenion graduaion Milligan s reenion and graduaion raes are 25% above oher local privae colleges and sae universiies. Tha means sudens ge a op-rae educaion and are more likely o finish on ime, which is a ime and cos savings over oher insiuions COLLEGE OF DISTINCTION collegesofdisincion.com Top 100 COLLEGE -WASHINGTON MONTHLY Miliary FRIENDLY SCHOOLS -G.I. Jobs, miliaryfriendlyschools.com # 6 Bes College IN THE SOUTH A Bes BUY IN THE SOUTH -U.S. News & World Repor
4 Federal & STae Aid Programs Milligan paricipaes in all federal and sae aid programs. Sudens mus complee a FAFSA o be eligible. For curren deails on federal aid, visi sudenaid.ed.gov. For Tennessee sae aid, visi n.gov/collegepays. GRANTS Represens gif aid which does no have o be repaid FEDERAL PELL GRANT Eligibiliy is deermined by a formula consisenly applied o all applicans which akes ino accoun he cos of aending he insiuion and he suden s par or full-ime saus. I is based on resuls of informaion submied on he FAFSA. Annual awards currenly range from 602 o 5,730. FEDERAL SEOG GRANT (FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT)* This federal aid is available o sudens wih excepional financial need. Prioriy is given o Pell Gran recipiens. Grans range from 250 o 1,000 annually. TENNESSEE STUDENT ASSISTANCE AWARD (TSAA)* Pell-eligible Tennessee residens may be eligible for his gran. If you are no a Tennessee residen, you may check wih he Higher Educaion Agency in your sae o see if your sae s uiion gran can be ransferred o Tennessee. To receive prioriy consideraion, sudens are srongly encouraged o submi a Free Applicaion for Federal Suden Aid (FAFSA) as soon as possible afer January 1 each year. Awards are made unil funds are depleed. Maximum award amouns are deermined by he TSAC Board of Direcors prior o he beginning of he fall erm. The curren TSAA award is 4,000 per year for 4-year privae schools. TENNESSEE EDUCATION LOTTERY SCHOLARSHIP (HOPE)* Mus be a Tennessee residen for one year prior o applicaion deadline and enroll in a leas 6 hours in a HOPE-eligible possecondary insiuion wihin 16 monhs of graduaion from an eligible high school, homeschool, or GED program. Eligibiliy requiremens: Minimum 21 ACT/980 SAT OR 3.0 final weighed GPA. Award amouns for enering freshmen in : 3,500 annually for freshmen and sophomore year; 4,500 annually for junior and senior year. See All award amouns are subjec o change. The Aspire Award of up o 1,500 may be added o he HOPE if he parens or independen suden s (and spouse s) adjused gross income is 36,000 or less on ax form. General Assembly Meri Scholarship (GAMS) of 1,000 may be added o HOPE if he suden has a 29 ACT and a cumulaive 3.75 final weighed high school GPA. Sudens may receive ASPIRE or GAMS in addiion o he HOPE Scholarship, bu no boh. See All award amouns are subjec o change. WORK Represens aid which can be earned by he suden FEDERAL WORK STUDY (FWS) This program provides par-ime jobs on campus for sudens wih financial need as esablished by he FAFSA. Sudens are paid he curren federal minimum wage. Awards range from 1,015 o 2,030 annually. The maximum amoun a suden may earn depends on financial need and he amoun of funding he college has for he program. Eligibiliy does no guaranee employmen bu does give sudens he opporuniy o apply for available FWS posiions. LOANS Represens aid which does have o be repaid FEDERAL DIRECT STAFFORD LOANS: SUBSIDIZED Federal Subsidized loans are need-based loans, and he governmen pays he ineres while he suden is in college. The currenly published ineres rae is 4.66%. The maximum loan is 3,500 for firs-year sudens; 4,500 for second-year sudens; and 5,500 each subsequen year, up o 23,000 over a five-year period. FEDERAL DIRECT STAFFORD LOAN: UNSUBSIDIZED This companion program differs from he regular Safford Loan in ha he governmen does no subsidize he ineres. Ineres accrues from he dae of disbursemen. Available o all sudens. The currenly published ineres rae is 4.66%. The base annual amoun for Subsidized/Unsubsidized Safford Loan is 3,500 for firs year undergraduae sudens; 4,500 for second year undergraduae sudens; and 5,500 for hird year and above undergraduae sudens. In addiion o he annual base loan amouns, here is an addiional annual Unsubsidized Safford Loan eligibiliy of 2,000 for undergraduae sudens. FEDERAL PERKINS LOAN* Federal Perkins loans are need-based loans and he suden is no responsible for paying any ineres while in college. The currenly published ineres rae is 5%. Loan awards generally range from 250-1,000 annually. PLUS (PARENT LOAN FOR UNDERGRADUATE STUDENTS) The currenly published ineres rae is 7.21%. Credi-worhy parens may borrow an annual amoun up o he cos of aendance (minus oher forms of assisance). *Subjec o change hrough congressional and/or sae funding.
5 aid Milligan Your Milligan admission applicaion also serves as he applicaion for Milligan academic scholarships. All awards can be renewed for up o hree years of full-ime enrollmen afer he year he iniial award is made. Many of hese awards have been made possible hrough conribuions from alumni, parens, faculy, saff, businesses, foundaions, and friends of Milligan. Scholarships HONORS As Milligan s mos presigious meri-based scholarship, he Jeanes Scholarship offers wo full-uiion scholarships for he mos promising freshman candidaes. To be eligible, applicans mus be admied o he college by Nov. 15. Ask your Admissions Counselor for deails. ACADEMIC Awards are based on he applican s ACT/SAT and high school GPA (or previous college GPA for ransfer applicans). Annual awards range from 3,750 o 15,000 and are given a eiher he Presidenial, Academic Dean, or Alumni & Friends level. (Sudens are eligible for one level only and no a combinaion.) BEAMER LEADERSHIP SCHOLARS PROGRAM Named in memory of Todd Beamer, he 9/11 plane passenger whose nowfamous Le s roll became a symbol of he heroism displayed ha faeful day, he Beamer program helps sudens discern heir individual calling hrough faih, service, and leadership. Requiremens include 15 hours of communiy service per semeser, special programs, compleion of he Inroducion o Leadership class, and a wrien reflecion each semeser. Please ask your Admissions Counselor o be considered for he Beamer Leadership Scholars Program. Awards vary annually. FINE ARTS & MUSIC Awards are based on he applican s abiliy in heare, ar, phoography, or music a he discreion of he respecive faculy member. Amouns vary. 10 million insiuional aid awarded annually ATHLETIC Minimum requiremens: Acceped for admission and seleced by coach. Scholarships are available in he following spors: baseball, baskeball, cheerleading, cross counry, cycling, dance, golf, soccer, sofball, swimming, ennis, rack and field, and volleyball. grants MILLIGAN COLLEGE GRANTS Need-based aid is deermined primarily from financial need, as deermined by resuls of he FAFSA. Awards made on he basis of crieria esablished by he college adminisraion. Up o 3,000 annually. WORK MILLIGAN COLLEGE WORK-STUDY EMPLOYMENT Par-ime jobs on campus. Awarded o full-ime sudens who desire work and mee eligibiliy requiremens. Minimum wage. From 1,015 o 2,030 annually. Wages are no credied o suden accoun bu insead paid bimonhly direcly o suden. View sample aid packages & more financial aid info:
6 Wha financial 101 aid : Nex? FAFSA The Free Applicaion for Federal Suden Aid (FAFSA) is he firs sep in he financial aid process. Use i o apply for federal suden financial aid, such as he Pell Gran, federal suden loans, work-sudy, and he Tennessee Educaion Loery Scholarship (HOPE). Milligan College, like mos colleges, uses he resuls of he FAFSA o adminiser all federal, sae, and need-based insiuional programs. File your FAFSA by February 15 Submi he FAFSA by Feb. 15 for prioriy consideraion (forms are available beginning Jan. 1). File online a Be sure o include Milligan s school code (003511). Don forge your PIN numbers a his sie one PIN for each suden and a differen PIN for parens. TIP: Some families incorrecly assume ha hey do no qualify for need-based assisance and skip his imporan sep. The only way o make sure ha you are eligible o be considered for need-based assisance a Milligan is o submi a FAFSA. TIP: If you or your family have special circumsances ha impac your financial siuaion, such as medical expenses or a large decrease in income, ell your Milligan SFS counselor. TIP: Someimes we may reques addiional documenaion according o federal, sae, or insiuional policies. If you are asked o submi documens o he Suden Financial Services Office, please do so promply. Milligan s FAFSA School code: The basic financial aid equaion: cos EFC Need Your COST The cos of aendance (COA) of a Milligan educaion is he oal of all educaional expenses including uiion, room, board, and allowances for books, supplies, and ransporaion expenses. Your EFC Your FAFSA responses are enered ino a formula (known as he Federal Mehodology), which is regulaed by he Deparmen of Educaion. The resul is your Expeced Family Conribuion or EFC (sen o you in a Suden Aid Repor or SAR). The EFC is he figure ha he governmen esimaes you and your family can conribue oward your college educaional expenses. TIP: If you file he FAFSA online, you will receive he SAR wih your EFC abou wice as fas as you would if you submi a paper form. The online FAFSA also has an error-checking funcion ha will help you complee he form as accuraely as possible. Your NEED Your financial need is he difference beween he Milligan cos of aendance and your EFC. Milligan will use your EFC and need o prepare he bes possible financial aid package (grans, loans, and/or work-sudy). You will receive his package afer March 1. GET AN ESTIMATE: Ne price calculaor This ool is designed o give you an early indicaion of how much and wha ypes of financial aid you migh qualify for if you were a college freshman. Keep in mind his is only a ool. You will sill need o complee he FAFSA and apply for financial assisance.
7 FINANCING OPTIONS uiion paymen plan Milligan offers an ineres-free paymen plan ha is an easy, affordable way o pay for your educaion. Your paymens are spread over several monhs. The enrollmen fee is 75 for he academic year. Enroll during July for a 10-monh plan or during Augus for a 9-monh plan. For insrucions and info, visi or call Enrollmen mus be compleed by he firs day of class. Conac us if you need assisance deermining he amoun you need o finance. All suden accouns mus be paid in full prior o he firs day of class. Pay a wih Visa, Masercard, Discover, American Express or via ACH wihdrawal from a checking accoun. 7 seps TO Ge Sared 1FALL/WINTER Visi Milligan. You can arrange an individual visi or aend one of our campus visi days. Call or go o Apply o Milligan. Your Milligan admission applicaion 2also serves as he applicaion for Milligan academic scholarships. Admission decisions are made on a rolling basis hroughou he year. Once admied o Milligan, you will immediaely receive noificaion of your meri-based academic scholarship award (based on your GPA and ACT/SAT). review financial aid informaion. Visi edu/sfs o learn abou he ypes 3of aid available and review he glossary of financial aid erms. ge an esimae. Visi o ge an esimae of your federal aid. Official award packages will no be sen unil mid-o-lae spring. 4 Begin search for privae scholarships. Use a repuable source. You should never have o pay for scholarship informaion. Repuable sources we recommend include: WINTER complee paperwork. Only by compleing all he necessary forms and applicaions on ime can you be cerain ha you will be considered for every ype of aid for which you may be eligible. January 1 Gaher info and complee federal ax reurn as soon as possible Submi FAFSA as soon as possible afer January 1 6 SPRING Review Financial Aid Award Leer. Milligan will issue an iniial Financial Aid Award Leer and Insrucion Book, beginning in March (if you have me prioriy deadlines). This official documen deails your financial aid package according o amoun, source, and ype of aid. I will also conain he erms and condiions for he financial aid and informaion abou uiion or oher insiuional charges. Sign and reurn your award leer promply. (Some awards are firs-come, firs-serve.) 7 financial aid policies & procedures suden financial services
8 milligan liberal ars Milligan is a flourishing liberal ars college wih a disincively differen approach o higher educaion. Everyhing we do encourages sudens o reflec on wha i means o be servan-leaders. Milligan offers radiional undergraduae programs in over 30 majors plus graduae and professional sudies. Locaion You ge he bes of boh worlds a Milligan. Our picuresque campus is locaed in beauiful norheasern Tennessee, wihin minues of resaurans, shopping, heares and culural aciviies, as well as pleny of oudoor advenures like hiking, skiing, and more. naional recogniion Milligan is consisenly named one of he Bes Regional Colleges in he Souh in America s Bes Colleges by U.S. News & World Repor and one of he naion s Top 100 Baccalaureae Colleges by Washingon Monhly. The college also is recognized as a College of Disincion. accrediaion Milligan College is accredied by he Commission on Colleges of he Souhern Associaion of Colleges and Schools o award bachelors and masers degrees. Conac he Commission on Colleges a 1866 Souhern Lane, Decaur, Georgia or call for quesions abou he accrediaion of Milligan College. faculy Our faculy are respeced and caring Chrisian scholars. 80% hold docoraes. A low suden-faculy raio offers personal aenion. suden body Our 1,200 sudens come from 35 saes and 15 naions, so you ll find sudens wih similar ineress as yourself, as well as hose of differen culures and viewpoins. 70% live on campus in one of 11 residence halls or suden aparmens, creaing a rue collegiae environmen. clubs & organizaions Wih more han 40 social, service, honorary, and professional organizaions on campus, here is somehing for everyone. service & missions Sudens are involved in a variey of service projecs and mission work hroughou he world. chrisian college Milligan is affiliaed wih he nondenominaional Chrisian Churches/ Churches of Chris and is a member of he Council for Chrisian Colleges & Universiies ( a group of 100 colleges and universiies whose commimen o a Chris-cenered life goes beyond a mere occasional reference. ahleic powerhouse Milligan has 24 inercollegiae spors and in he pas 10 years, has won 46 conference iles and made 60 NAIA ournamen appearances. Men s: Baseball, Baskeball, Cross Counry, Cycling, Golf, Soccer, Swimming, Tennis, Track & Field, Volleyball. Women s: Baskeball, Cheerleading, Cross Counry, Cycling, Dance, Golf, Soccer, Sofball, Swimming, Tennis, Track & Field, Volleyball. COSTS & FINANCIAL AID Milligan is named one of he bes buys among regional colleges in he souh by U.S. News & World Repor. Our cos is below he naional average, and approximaely 98 percen of Milligan sudens receive financial aid, including academic scholarships, ahleic scholarships, and need-based grans. Visi for cos and scholarship informaion. Be a Buff Office of Admissions PO Box 210 Milligan College, TN