Financial Aid

Waldorf College is committed to making our high quality academic experience accessible to all qualified students regardless of income levels. No student should be discouraged from applying to the College because of a lack of funds! The financial aid process may seem complex, however the professional staff in the Financial Aid Office stand ready to assist you in the process of applying for financial aid. Keep in mind, Waldorf College offers one of the most affordable educations in Iowa and touts one of the lowest debt-upon-graduation rates in Iowa too!

The primary purpose of the financial aid program at Waldorf College is to make it possible for qualified students who have financial need to bridge the gap between the cost of education and the family's ability to pay. 100% of students that enroll at Waldorf College receive some form of scholarship or award.

All students admitted to Waldorf College are eligible to be considered for financial assistance-either based on financial need, academic achievement, or special ability.

The following information is provided to acquaint you with some general financial terms and policies.

There are three types of financial aid:

Grant – This is money given to the student for their educational costs that does not have to be repaid. Grants are generally based on financial need. Another form of grant financial aid based on the merit and accomplishments of the student are more often known as Scholarships or Awards.

Loan – This is money loaned to the student that must be repaid with interest over a period of time. Most loans allow a student to complete their education before beginning repayment. There are some loans available to parents for their student’s educational costs.

Self-Help– This is money a student can earn to use for their education costs. Workstudy, where a student obtains a job on campus and is paid an hourly wage, is an example of Self-Help financial aid.

There are four main sources of financial aid:

Federal – Federal financial aid, also known as Federal Title IV aid, includes Pell Grants, Supplemental Educational Opportunity Grants (SEOG), Direct Loans and Federal Work Study. All of these are available at Waldorf College. Students must complete a FAFSA (Free Application for Federal Student Aid) to be eligible for federal aid. Eligibility for federal aid programs is determined by the federal government and based on each student’s FAFSA.

State – The State of Iowa offers a state grant which can be applied for by all residents of Iowa. The grant is based on need. Waldorf College students who reside in Iowa may apply for this grant by returning the appropriate form (available at the Waldorf College Office of Student Financial Aid).

Private – Many private and local organizations have grants and scholarships available to students who apply for them. Check with your Guidance Counselor or with local organizations to see if you qualify for this aid. Generally these awards can be used by the student at the college of her/his choice.

Waldorf College – Waldorf College offers all three types of financial aid to help students obtain their college education. To be eligible for Waldorf College Aid you must be accepted by the College into a degree or certificate program and must return the appropriate forms and requested information by the established deadlines. Specific information on forms required and deadlines can be obtained from the Office of Admissions or Student Financial Aid. A listing of financial aid available at Waldorf College follows.

Waldorf College does not discriminate on the basis of race, color, national origin, age or handicap in admission or access to, or treatment or employment in, its programs or activities.

Waldorf College - 106 S. 6th Street - Forest City, IA 50436
800-292-1903 - 641-585-2450 Last Updated: 8/25/08

Financial Aid

There are three types of financial aid:

There are four main sources of financial aid:

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