Beloit College provides a significant amount of need-based student financial aid. Most families qualify; about 85% of our students receive assistance. We combine need-based College grants, merit-based scholarships, loans, work study, and state and federal funds into our financial aid packaging. These awards significantly reduce out-of-pocket costs and make Beloit an affordable choice. We are committed to making the Beloit experience available to any qualified student who is accepted and wishes to enroll.
Applying for Financial Aid
You should apply for admission by November 1, December 1 (Beloit’s non-binding Early Action plans), or by January 15 under the Regular Decision plan. Students who wish to be considered for a merit scholarship are highly encouraged to apply under either of the non-binding Early Action deadlines.
Need-based financial aid is determined annually. To continue receiving aid, you must file the Beloit College Financial Aid Application and the Free Application for Federal Student Aid (FAFSA) each year. You must also make satisfactory academic progress. Specific terms and conditions for each award are mailed with its announcement.
1. Beloit College Financial Aid Application
The Beloit College Financial Aid Application is sent to each applicant beginning in January, along with additional details about the financial aid process and deadlines. This form, which you may also download above, should be returned to the Office of Admission no later than March 1, 2013.
2. The FAFSA
Submit the FAFSA after January 1, 2013, preferably when you and your parents have completed your 2012 federal taxes, but no later than March 1, 2013. Designate Beloit College (code # 003835) as a recipient of the analysis. FAFSA tips are available here.
Determining Financial Need
We determine your family’s financial need using both the FAFSA and the Financial Aid Application. Using a methodology that considers many variables—household size, state of residence, income taxes paid, number of children in college, other financial responsibilities—we determine your Expected Family Contribution (EFC). This amount, what you can reasonably be expected to contribute to college education, is compared with Beloit’s total cost. From there, we construct your aid package.
Will I Qualify for Financial Aid?
Beloit College's financial aid program supplements the resources of the student and family in meeting the cost of education through a combination of merit and need-based grants and scholarships, campus employment, and student loans. Use our Net Price Calculator to estimate your cost of attendance at Beloit. While this is only an estimate and is not a precise way to determine whether you qualify for one of Beloit's merit scholarships, we believe it is a helpful start in understanding the financial aid process and aid eligibility.