Ridgewater College wants you to realize your educational goals and hopes that finances will not stand in the way. The financial aid staff at Ridgewater College have many years of financial aid experience. As rules and regulations change, these individuals continually train to have the information and knowledge needed to provide you with the information you need. If you have questions about financial aid, please feel free to stop into our offices or give us a call at 800-722-1151. We have financial aid professionals on both campuses.
What is Financial Aid?
Financial aid is intended to help students and their families pay for education. Students have the primary responsibility. The contribution of parent(s) of dependent students is calculated using a formula required by the U.S. Department of Education. Student's spouses are also expected to contribute. Financial aid is designed to contribute to the difference between what a student and the student's family are expected to contribute to the cost of education (which includes tuition and fees, books and supplies, room and board, transportation and personal expenses). Cost of attendance minus expected family contribution = unmet need. Some loans can be used to replace the expected contribution.
There are many different types of financial aid available to students. They all are unique and offer distinct benefits to those who qualify. All students considering financial aid should fill out the Free Application for Federal Student Aid (FAFSA), and enter Ridgewater's college code 005252.
Sources of Aid to Consider
Grants– Aid that does not require repayment
Loans– Various student loan programs requiring repayment
Scholarships– Aid provided by organizations that does not require repayment (please note - scholarships require their own unique applications)
Work Study– Paid employment through the college
Technical Grant - If eligible this scholarship will cover any remaining tuition and fee charges after the student’s Federal Pell Grant and MN State Grant have been applied to the student’s account.
If your financial situation changes after you have completed the FAFSA, or if you feel the FAFSA does not accurately reflect your current family and/or income circumstances, please contact our office for more information or to set up an appointment with our director.