Milligan

Fina

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l aid

TYPES OF aidn Grants. Financial aid programs that do not have to be repaid.

Eligibility determined by student’s financial need.

n Loans. Low interest government-subsidized and unsubsidizedloans to be repaid after student leaves school.

n Scholarships. Monetary recognition for full-time students withoutstanding academic or personal ability who demonstrateacademic promise and achievement.

n Work-Study Employment. On-campus jobs to give studentsan opportunity to earn money while in college. Most payminimum wage.

ValUE

View sample aid packages & more financial aid info :

www.milligan.edu/SFS

cOMPREHEnSiVE cOST FOR 2012-13$ 25,735 tuition (traditional undergrad)$ 3,000 board (meal plan)$ 2,850 standard dorm room$ 1,025 required fees$32,610 Total for Year

Costs are the same for in-state and out-of-state students. 2013-14 rates will be announced in early 2013. See www.milligan.edu.

n 95% of Milligan students receive merit-based and/or need-basedfinancial assistance. In many cases, the assistance is substantial.

n Each year the college invests roughly $9 million of its annual budgetdirectly back into our students through institutional scholarships andgrants. This is one-third higher than most colleges and universities.

n Milligan’s published cost of attendance is more than $5,000 below thenational average for similar private institutions.

n Milligan is committed to keeping college affordable for our students.Our Student Financial Services (SFS) Office will work with youindividually every step of the way to help investigate all the optionsavailable for financing your education. We offer a full complement ofneed-based and merit-based scholarships, grants, and low-interestloans from federal, state, and institutional sources. We also have apayment plan that makes budgeting easier for you and your family.

The basic financial aid equation:

cOST - EFc = nEEd

Why fill out a FaFSa?The Free Application for Federal Student Aid (FAFSA) is thefirst step in the financial aid process. Use it to apply for federalstudent financial aid, such as the Pell Grant, federal studentloans, work-study, and the Tennessee Education LotteryScholarship (HOPE). Milligan College, like most colleges, usesthe results of the FAFSA to administer all federal, state, andneed-based institutional programs.

Why all the questions? What’s an EFc?Your FAFSA responses are entered into a formula (known asthe Federal Methodology), which is regulated by theDepartment of Education (ED). The result is your ExpectedFamily Contribution, or EFC. The EFC is the figure that thegovernment estimates you and your family can contributetoward your college educational expenses.

How do i find out what my EFc is? The Central Processing Center of ED will send you a report,called a Student Aid Report (SAR), that includes your EFC.

n TIP: If you file the FAFSA online, you will receive the SAR withyour EFC about twice as fast as you would if you submit a paperform. The online FAFSA also has an error-checking function that willhelp you complete the form as accurately as possible.

How much aid do i get?The cost of attendance (COA) of a Milligan education is the fullcomprehensive fee (the total of tuition, room, board, andrequired fees). Your financial need is the difference between theMilligan cost (COA) and your EFC. Schools use your EFC toprepare a financial aid package (grants, loans, and/or work-study) to help you meet your financial need (although not allneed is always met).

When should i file the FaFSa?Submit the FAFSA by Feb. 15 for priority consideration (forms are available beginning Jan. 1). File online atwww.fafsa.ed.gov. Be sure to include Milligan’s schoolcode (003511). Don’t forget your PIN numbers at this site —one PIN for each student and a different PIN for parents.

n TIP: Some families incorrectly assume that they do not qualifyfor need-based assistance and skip this important step. The onlyway to make sure that you are eligible to be considered for need-based assistance at Milligan is to submit a FAFSA.

n TIP: If you or your family have special circumstances that impactyour financial situation, tell your Milligan SFS counselor. Examplesinclude unusual medical expenses or a large decrease in incomefrom last year to this year.

n TIP: Sometimes we may request additional documentationaccording to federal, state, or institutional policies. If you are askedto submit tax returns or other documents to the Student FinancialServices Office, please do so promptly.

FaFSaSTEP 1 :

GET an ESTiMaTE: www.milligan.edu/SFS

Milligan’s FaFSa school code: 003511

MERiT-baSEd ScHOlaRSHiPSYour Milligan admission application also serves as theapplication for Milligan academic scholarships. Allawards can be renewed for up to three years of full-timeenrollment after the year the initial award is made.

HOnORS ScHOlaRSHiPS Milligan’s most prestigious merit-based scholarships are theOosting, Hopwood, and Beamer Scholarships. To beeligible for these scholarships, applicants must be admittedto the college by Dec. 1. Award amounts range from$11,000 to $23,000 annually.

acadEMic ScHOlaRSHiPSAwards are based on the applicant’s ACT/SAT and highschool GPA (or previous college GPA for transferapplicants). Annual awards range from $3,500 to $10,000and are given at either the Presidential, Academic Dean, orAlumni & Friends level. (Students are eligible for one levelonly and not a combination.)

FinE aRTS & MUSic ScHOlaRSHiPS Awards are based on the applicant’s ability in theatre or artand the discretion of the respective faculty representative.Award amounts vary.

aTHlETic ScHOlaRSHiPSMinimum requirements: Accepted for admission andselected by coach. Scholarships are available in thefollowing sports: baseball, basketball, cheerleading, cross-country, cycling, dance, golf, soccer, softball,swimming, tennis, track and field, and volleyball.

naTiOnal & MilliGan biblE bOWl ScHOlaRSHiPS Recognizes those with strong team or individual placementat either the Milligan Bible Bowl Tournament or NationalTournament. Awards range from $300 to $3,000 annually.

inSTiTUTE FOR SERVanT lEadERSHiP ScHOlaRSHiPSThe ISL Scholarship program helps students discern theirindividual calling through faith, service, and leadership.Requirements include 15 hours of community service persemester, support of ISL programming, completion of theIntroduction to Leadership class, and a written reflection

each semester. Please see your Admissions Counselor tobe considered for the ISL scholarship. Awards varyannually.

MilliGan cOllEGE WORk-STUdY EMPlOYMEnT Awarded to full-time (12 credit hours) students who desirework and meet eligibility requirements. Minimum wage.From $1,015 to $2,030 annually.

nEEd-baSEd aidMilliGan cOllEGE GRanTS Need-based aid is determined primarily from financialneed, as determined by results of the FAFSA. Awardsmade on the basis of criteria established by the collegeadministration. Up to $3,000 annually.

More at www.milligan.edu/SFS

MilliGan aidMilligan believes that students should be encouraged and recognized for theirefforts and abilities. The college offers a variety of scholarships to students.Most merit scholarships are academic, but some are awarded to talentedathletes, performers, and artists. Many of these scholarships have been madepossible through contributions from alumni, parents, faculty, staff, businesses,foundations, and friends of the college.

STEP 2:

MilliGan aid

nEEd-baSEd: GRanTSRepresents gift aid which does not have to be repaid

FEdERal PEll GRanTEligibility for Federal Pell Grant is determined by a formulaconsistently applied to all applicants which takes into accountthe cost of attending the institution and the student’s part orfull-time status. It is based on results of information submittedon the FAFSA. Annual awards for 2012-13 range from $555 to$5,550.

FEdERal SEOG GRanT (FEdERal SUPPlEMEnTalEdUcaTiOnal OPPORTUniTY GRanT)*This federal aid is available to students with exceptionalfinancial need. Priority is given to Pell Grant recipients. Grantsrange from $250 to $1,000 annually.

TEnnESSEE STUdEnT aSSiSTancE aWaRd (TSaa)*Only Pell-eligible Tennessee residents may receive this grant. Ifyou are not a Tennessee resident, you may check with theHigher Education Agency in your state to see if your state’stuition grant can be transferred to Tennessee. Amounts up to$4,000 per year.

nEEd-baSEd: lOanSRepresents aid which does have to be repaid

FEdERal diREcT STaFFORd lOanS: SUbSidiZEdFederal Subsidized loans are need-based loans, and thegovernment pays the interest while the student is in college.The currently published interest rate for 2012-13 is 3.4%. Themaximum loan is $3,500 for first-year students; $4,500 forsecond-year students; and $5,500 each subsequent year, up to$23,000 over a five-year period.

FEdERal PERkinS lOan*Federal Perkins loans are need-based loans and the student is not responsible for paying any interest while in college. Thecurrently published interest rate is 5% for 2012-13. Loanawards generally range from $250-$1,000 annually.

*Subject to congressional and/or state funding.

OTHER nEEd-baSEd aidRepresents aid which can be earned by the student

FEdERal WORk STUdY (FWS)This program provides part-time jobs on-campus for studentswith financial need as established by the FAFSA. Students arepaid the current federal minimum wage. The maximum amounta student may earn depends on financial need and the amountof funding the college has for the program. Eligibility does notguarantee employment but does give students the opportunityto apply for available FWS positions.

nOn-nEEd baSEd aidRepresents aid which does have to be repaid

PlUS (PaREnT lOan FOR UndERGRadUaTE STUdEnTS)Currently 7.9% fixed rate. Credit-worthy parents may borrow anannual amount up to the cost of attendance (minus other formsof assistance).

FEdERal diREcT STaFFORd lOan: UnSUbSidiZEdThis companion program differs from the regular Stafford Loanin that the government does not subsidize the interest. Interestaccrues for the full duration of the loan, although there are noprepayment penalties. Available to all students. The currentlypublished interest rate for 2012-13 is 6.8%. The base annualamount for Subsidized/Unsubsidized Stafford Loan is $3,500for first year undergraduate students; $4,500 for second yearundergraduate students; and $5,500 for third year and aboveundergraduate students. In addition to the annual base loanamounts, there is an additional annual Unsubsidized StaffordLoan eligibility of $2,000 for undergraduate students.

FEdERal & STaTE aid PROGRaMS

Milligan participates in all federal and state aid programs. Students must complete a FaFSa to be eligible. Forcurrent details on federal aid, visit www.tn.gov/collegepays. For Tennessee state aid, visit collegepaysTn.com.

STEP 3:

complete the FaFSa to applyfor federal and state aid.

See page 2.

MERiT-baSEdSTaTE PROGRaMSTEnnESSEE EdUcaTiOn lOTTERY ScHOlaRSHiP (HOPE)*This is gift aid and does not require repayment. Must be aTennessee resident by Sept. 1 of senior year in an eligiblehigh school. Eligibility requirements: Minimum 3.0 GPA or 21ACT/980 SAT. For 2012-13, up to $4,000 annually. The AspireAward of $1,500 may be added to the HOPE if the parent’s orindependent student’s (and spouse’s) AGI is $36,000 or lesson tax form. General Assembly Merit Scholarship (GAMS) of$1,000 may be added to HOPE if the student has a 29 ACTand a cumulative 3.75 high school GPA. Students may receiveASPIRE or GAMS in addition to the HOPE Scholarship, butnot both. See www.tn.gov/collegepays for full details. All awardamounts are subject to change through legislative action.

tuition payment planTuition payment plans are an easy, affordable way to pay foran education. The plan is interest free. You pay an enrollmentfee of $65 to participate. To enroll, contact Milligan SFS at800.447.4880 or visit www.milligan.edu/SFS. Contact us if you need assistance in determining the amount you need to finance.

FEdERal & STaTE aid PROGRaMS

Fall/WinTERVisit Milligan. You can arrange an individual visit orattend one of our campus visit days. Call 800.262.8337or www.milligan.edu/visit.

apply to Milligan. Your Milligan admission applicationalso serves as the application for Milligan academicscholarships. Admission decisions are made on a rollingbasis throughout the year. Once accepted at Milligan,you will immediately receive notification of your merit-based academic scholarship award (based on GPA andACT/SAT).

Review Financial aid information. Visitwww.milligan.edu/SFS to learn about the types of aidavailable and review the glossary of financial aid terms.

Get an estimate. Visit www.milligan.edu/SFS to get anestimate of your federal aid. Official award packages willnot be sent until mid-to-late spring.

begin search for private scholarships. Use a reputablesource. You should never have to pay for scholarshipinformation. Reputable sources we recommend include:

www.fastweb.comwww.ecampustours.com

WinTERcomplete paperwork. Only by completing all thenecessary forms and applications on time can you becertain that you will be considered for every type of aidfor which you may be eligible.

January 1 — Gather info and complete federal tax return as soon as possible

February 15 — Priority date for submitting FAFSA

SPRinGReview Financial aid award letter. Milligan will issuean initial Financial Aid Award Letter and InstructionBook, beginning in March (if you have met prioritydeadlines). This official document details a breakdown ofyour financial aid package according to amount, source,and type of aid. It will also contain the terms andconditions for the financial aid and information aboutcost of attendance. Sign and return your award letterpromptly. (Some awards are first-come, first-serve.)

www.milligan.edu/SFS

SENIOR YEAR

Office of admissionsPO box 210

Milligan college, Tn 37682

www.milligan.edu admissions@milligan.edu

800.262.8337 | 423.461.8730

libERal aRTSMilligan is a flourishing liberal arts

college with a distinctively different

approach to higher education. Everything

we do encourages students to reflect on

what it means to be servant-leaders.

Milligan offers traditional undergraduate

programs in over 30 majors plus graduate

and professional studies.

lOcaTiOnYou get the best of both worlds at

Milligan. Our picturesque campus is

located in beautiful northeastern

Tennessee, within minutes of restaurants,

shopping, theatres and cultural activities,

as well as plenty of outdoor adventures

like hiking, skiing, and more.

naTiOnal REcOGniTiOnMilligan is consistently named one of the

Best Baccalaureate Colleges in the

South in “America’s Best Colleges” by

U.S. News & World Report and one of the

nation’s Top 100 Baccalaureate Colleges

by Washington Monthly. The college

also is recognized as a College of

Distinction.

accREdiTaTiOn Milligan College is accredited by the

Commission on Colleges of the Southern

Association of Colleges and Schools to

award bachelors and masters degrees.

Contact the Commission on Colleges at

1866 Southern Lane, Decatur, Georgia

30033-4097 or call 404-679-4500 for

questions about the accreditation of

Milligan College.

FacUlTY Our faculty are respected and caring

Christian scholars. 80% hold doctorates.

A low student-faculty ratio offers personal

attention.

STUdEnT bOdYOur 1,200 students come from 30 states

and 14 nations, so you’ll find students

with similar interests as yourself, as well

as those of different cultures and

viewpoints. 80% live on campus in one of

six residence halls or student apartments,

creating a true collegiate environment.

clUbS & ORGaniZaTiOnSWith more than 40 social, service,

honorary, and professional

organizations on campus, there is

something for everyone.

SERVicE & MiSSiOnSStudents are involved in a variety of

service projects and mission work

throughout the world.

cHRiSTian cOllEGEMilligan is affiliated with the non-

denominational Christian Churches/

Churches of Christ and is a member of

the Council for Christian Colleges &

Universities (www.cccu.org), a group of

100 colleges and universities whose

commitment to a Christ-centered life goes

beyond a mere occasional reference.

aTHlETic POWERHOUSEMilligan has 23 intercollegiate sports and

in the past 10 years, has won 50

conference titles and made 60 NAIA

tournament appearances. Men’s:

Baseball, Basketball, Cross Country,

Cycling, Golf, Soccer, Swimming, Tennis,

Track & Field. Women’s: Basketball,

Cheerleading, Cross Country, Cycling,

Dance, Golf, Soccer, Softball, Swimming,

Tennis, Track & Field, Volleyball.

cOSTS & Financial aidMilligan is named one of the Best Buys

in the South among baccalaureate

colleges by U.S. News & World Report.

Our cost is below the national average,

and approximately 95 percent of Milligan

students receive financial aid, including

academic scholarships, athletic

scholarships, and need-based grants.

Visit www.milligan.edu/SFS for cost and

scholarship information.