Financial Aid

Magdalen College is committed to keeping the cost of its education affordable, even for families of modest means. Within its financial ability, the College attempts to limit any unnecessary fiscal burden upon the parents and/or the student.

The College has established a financial aid program that has helped many students over the years to meet the tuition, room, and board costs. Candidates who apply for admission should apply for financial aid at the same time, although the final deadline for financial aid is June 15, prior to the opening of an academic year.

Types of Financial Aid

Grants and Scholarships

Need-based grants are awarded to both incoming freshmen and upperclassmen from the Magdalen College General Scholarship Fund, which is supported by annual contributions from our benefactors. In addition, limited scholarships are available to incoming freshmen and upperclassmen from special gifts to the College. Candidates for enrollment are notified of any grant or scholarship award at the time of their acceptance into the College. Upperclassmen are notified of their financial aid awards by July 1.

Loans

The College offers financial counseling with respect to educational loan programs available to students and their families. For financial counseling contact: Donald R. Regan dregan@magdalen.edu. Currently, private education loans are available to eligible Magdalen College students from NellieMae and TERI.

Work-Study

Upperclassmen may apply for work-study assistance. These awards are deducted from tuition fees in exchange for work done by the student on campus during the academic year. Assignments can include secretarial help, library work, and food service assistance. Work-study grants are given by July 1.

Family Discount

For families with two children enrolled at the College, there is a $1,000 discount for each child.

Additional Sources for Financial Aid

Magdalen College does not accept any forms of public monies nor does the College participate in the federal financial aid programs (Title IV). For additional financial assistance, students and their families are encouraged to inquire of private sources such as scholarship programs sponsored by private foundations or business and professional associations. Local banks and credit unions may offer sources of private financing for eligible students.

Admissions and Financial Aid Deadlines

Payment Schedule

Tuition, room and board, and fees: Tuition, room, and board are billed per semester. All financial aid awarded by the College appear as a credit on the semester billing. Any remaining balance of tuition, room and board, and fees after credit of financial aid is due thirty days prior to the start of the semester (approximately August 15 for first semester and December 15 for second semester).

Download Financial Aid Application

The following application form is in pdf format and requires Acrobat Reader to view and print.