Financial Aid

Financial Aid Process

In order to be considered for financial aid, a student must:
  • Submit your Application for Admission, and academic transcripts to McPherson College as soon as possible.
    Students must be admitted to McPherson College in order to be considered for aid.
  • Review your Student Aid Report (SAR) and submit verification documentation to the Financial Aid Office.
    Students whose Free Application for Federal Student Aid (FAFSA) is selected by the Department of Education for verification must complete the Verification Worksheet (Dependent, Independent), and submit signed copies of the principal pages of their Federal Income Tax Returns. Dependent students must also submit parents returns. If supporting schedules are required, we will ask for them separately.
  • Once your financial aid record is complete, a Financial Aid Award Notice will be prepared and mailed, usually within 3-5 working days.
  • Follow the instructions enclosed with your Financial Aid Award Notice to acknowledge your awards by the date indicated in the letter.
  • If you are planning to take advantage of any student loan opportunities, you must complete the required application/promissory note.
    Students borrowing Direct or Perkins loans are required to complete entrance interviews.

    Direct Loan Counseling and MPN


Changes in filing the FAFSA
The Department of Education has made important changes to how you file the FAFSA.  Instead of waiting until you and/or your parents have completed tax returns for the previous year, you can now complete the FAFSA, using your tax information from two years prior. This means you will use your 2022 tax info for the 24-25 school year. Another change is that the filing date now starts on December 31. Now you can get an official Financial Aid offer from McPherson College as soon as late January/early February.

To learn more about the FAFSA:

Policies & Resources