Student Financial Aid
Presentation College offers a variety of financial aid programs to assist students in meeting their educational goals. Aid may be offered in the form of grants, scholarships, loans, or employment, and is funded through federal, state, institutional, and private organizations.
The College offers a number of scholarships that are funded from its own resources that are awarded based upon academic merit, athletic ability and/or financial need*. The College also participates in the following federal, or Title IV, financial aid programs:
Federal Pell Grant
Federal Iraq and Afghanistan Service Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal Work-Study (FWS)
Federal Direct Subsidized Loan
Federal Direct Unsubsidized Loan
Federal Direct Parent Loan for Undergraduate Students (PLUS)
Title IV financial aid is contingent upon the availability of federal funding and the student's ability to meet program guidelines. The College also offers grant and employment programs that are funded by South Dakota, Minnesota, and other states.
Other sources of aid include Vocational Rehabilitation, Bureau of Indian Affairs, Indian Health Services, employee tuition assistance, Veterans benefits for military service, and other internal and external grants and scholarships awarded to the applicant upon meeting program requirements. Grants and scholarships are considered gift aid and need not be repaid so long as the recipient has met all attendance and other program requirements. Loans, which must be repaid, are usually offered at a low interest rate and have an extended repayment period. The College offers student employment positions both on and off campus for eligible students.
Financial need* is defined as the difference between the cost of attendance (COA)* and the family's federally calculated contribution to these costs: the Expected Family Contribution (EFC)*. Where need* exists, the College assists in meeting the student's educational expenses within the resources available to the institution. Presentation College serves approximately 98% of its student body through an extensive financial aid and scholarship program. The College encourages all students to apply for financial aid.
The financial aid office (FAO), located at the Aberdeen campus, administers aid for students attending all Presentation College campuses and sites.
Information on application procedures, types of aid, program requirements, and educational costs as determined by the College, and the students' rights and responsibilities is detailed in this section.