Financing Your Education
Augustana University is committed to making quality higher education affordable.
We also know that families want to understand — early on in the college search process — what the investment looks like. Providing a preview of our new student scholarship criteria and award ranges is intended to highlight a simplified process for students and families.
As a prospective student, you can see — at a glance — the initial scholarships you will qualify for based on commonly used academic metrics.
Thanks to support from our loyal donors, we're proud to offer new students initial scholarships based on two components: ACT/SAT composite score and cumulative high school GPA. A student’s initial scholarship may also be combined with other Augustana scholarships that recognize leadership, service, and talents in a variety of areas.
Two areas of note:
- Augustana's scholarship model has significant impact on students in South Dakota. Here, those meeting the South Dakota Opportunity Scholarship requirements of a 3.0 GPA and 24 ACT will receive a minimum scholarship award of $14,000 annually.
- Top scholars will receive $20,000 annually. Students who have achieved a cumulative GPA of 3.5 (4.0 scale) and 27 or higher on the ACT (1260 SAT: CR +M) may earn additional scholarships through Augustana’s Distinguished Scholars program.
Financing a college education is a concern for most families; therefore, we are committed to assisting students and parents in finding the resources to make an affordable investment. At Augustana, 100 percent of students receive academic, talent and/or need-based financial assistance, with more than $33 million awarded last year in scholarships, grants, loans, and work study. The average overall financial aid award (scholarships, grants, federal work-study and federal loans) for the Augustana Class of 2020 was $26,592.
Augustana is a true educational value, representing an investment with significant lifetime returns. (See Why Augustana?) Many people are surprised at how low the net cost to attend Augustana can be, thanks to the following factors:
- Institutional aid. The scholarships and grants that Augustana awards reduces your out-of-pocket costs. Ninety-five percent of Augustana students receive institutional gift aid that does not have to be repaid.
- Other financial assistance. Sixty-seven percent of Augustana students qualify for federal loans and grants, and federal work-study jobs on campus also supplement our students’ financial aid packages.
- Timely degree completion. Eighty-six percent of our recent graduates completed their degrees within four years. Timely graduation equals big savings. Consider not only the additional year of tuition, room, and board you will likely spend should you select a public university, but also consider the lost year of salary. Upon graduation, Augustana boasts a consistently high job placement rate.
- Lighter debt load. As a result of these factors, Augustana students often graduate with total repayable loan amounts that are comparable to those of students attending public universities.
- Watch EducationQuest's FAFSA Demo video
- Complete or change the FAFSA (Free Application for Federal Student Aid)
- Learn answers to Frequently Asked Questions about the FAFSA
- Complete the Direct Federal Loan MPN or Perkins MPN
- Accept your award
- Find a scholarship/grant, outside assistance—or learn about PACT (matching grant program)
- Report an outside scholarship
- Complete Direct Federal Loan Entrance or Federal Perkins Entrance loan counseling
- Complete Exit Loan Counseling
- Check on the payment plan options
- Find a form
- Learn about CashCourse – a program in financial literacy
- Check on part-time jobs or view our federal work study policies
- Get information on the Federal TEACH Grant
- Check federal loan history at NSLDS
- Contact the Office of Financial Aid
Augustana University's Codes:
- FAFSA: 003458
- ACT: 3902
- SAT: 6015
FAFSA Filing Dates:
- October 1 - the FAFSA becomes available, submit any time
- March 1 — new students are encouraged to submit their FAFSA by this date
- May 1 — for continuing students