HOW MUCH DOES SIMPSON COST?
Figuring out the cost of college can be confusing – we hear you.
Let’s break it down and pencil it out together. Our aim is to keep the cost simple and straight forward.
We guarantee a Simpson degree is much more in reach than you think.
Can I afford Simpson College?
Absolutely ... a big yes!
EVERYONE GETS GRANTS OR SCHOLARSHIPS.
The good stuff = money that doesn’t need to be repaid.
First-year students were awarded $34,393 in gift aid on average last year.
2020-2021 Academic Year for Undergraduate Students
Required Fees: $780
Basic Residence Hall Costs: $4,500
Standard Board Charge: $4,782
Total Comprehensive Fee: $51,528
Throughout our history at Simpson, we firmly believe that financial barriers should never stand in the way of bright, motivated students.
Scholarships can range anywhere from $22,000 to $29,000 – plus grants. See 3 real student examples.
98.6% of graduates reported employment, enrollment/preparation for graduate school, military, or service within six months of graduation.
COMPLETE THE SIMPLE ONLINE NET PRICE CALCULATOR
Ask your parent or guardian for help in filling out the 3-part form.
It asks questions like your parents’ adjusted gross income and your expected family contribution, so they probably need to provide that information.
Then, schedule a visit and pencil everything out with our Financial Aid team.
The Simpson Promise
We created the SIMPSON PROMISE as a commitment to affordability. It covers the full cost of tuition (inclusive of Simpson, federal and grant assistance) for qualified Iowa students.
250+ & Counting
Since The Promise began, over 250 students have benefited from the program.
THAT’S HELPING A LOT OF STUDENTS GET AN EXCEPTIONAL COLLEGE EXPERIENCE!
To qualify for Simpson Promise you must:
- Be an Iowa resident and a 2020 graduate of an Iowa high school
- Submit the FAFSA no later than July 1, 2020, and be eligible for federal aid
- Reside on campus
- Have a family adjusted gross income at or below $60,000
- Be a full-time, accepted, incoming first-year student for fall 2020
“The Promise makes it very attainable for me to go a private college and get the kind of education I think I deserve.”
– Tatum Clayburn
Majors: Theatre and Criminal Justice
If I Don't Qualify?
We offer generous and competitive financial aid for every one of our students. That’s right – 100% of our students receive grants and scholarships.
Simpson provides $27 million in financial assistance to our students each year, so if you don’t qualify for The Simpson Promise, we can still make college affordable for you.
Sharing a Snapshot
Understanding where you fall in terms of affording college can be confusing. We hear you.
This chart gives you a snapshot by family household income.
You shouldn’t go by the chart or the net price calculator alone – we have experts standing by to work directly with you to navigate the financial aid process – getting you the absolute best cost for the high value of a Simpson degree.
First-Year Scholarships & Grants
Check out our chart with minimum scholarship ranges for incoming first-year students as well as a list of more than 22 awards given by Simpson College based on talent, merit or financial need.
First Year Students
Have dual or AP credits that you took while in high school?
More and more, it is common for high school students to enroll at Simpson with AP and/or community college credits.
Transfer Scholarship & Grants
Check out our chart with transfer student scholarship amounts based on GPA.
Our seamless credit transfer process helps to ensure you are able to use your already hard- earned credits saving you money and time.
Incoming transfer students who complete their FAFSA and submit all required application materials by May 1, 2020, will receive a FAFSA Grant of $4,000.
This is in addition to other merit-based scholarships.
Subsidized Federal Student Loans may be borrowed by students enrolled at least half-time at Simpson College. Students may borrow loan amounts based on their grade level – freshman: $3,500; sophomore: $4,500; junior and senior: $5,500.
Subsidized loans are need-based and do not accrue interest charges while the student is enrolled at least half-time. Repayment will begin six months after the student graduates or drops below half-time. The interest rate is fixed at 4.53%. Interest accrual begins at the end of the six month grace period following graduation or less than half-time enrollment.
Unsubsidized Federal Student Loans may be borrowed by students enrolled at least half-time at Simpson College. Unsubsidized loans are not awarded based on financial need, and therefore will begin to accrue interest charges at disbursement. The interest rate is fixed at 4.53%.
Students are awarded a base Unsubsidized Federal Direct Loan of $2,000 in addition to their Subsidized Federal Direct Loan eligibility. Independent students may borrow up to an additional $4,000 as a freshman and sophomore, or $5,000 as a junior and senior.
Federal Plus Loans enable parents to borrow a federal loan to help pay the student’s education expenses. Parents may borrow up to the cost of attendance minus other financial aid received.
The interest rate is fixed at 7.08% and interest charges begin to accrue at disbursement. Repayment begins within 60 days of disbursement, or the parent can defer repayment for up to six months after the student graduates or drops below half-time enrollment. To apply for the PLUS loan and complete the master promissory note go to: studentloans.gov.