Scholarships & Aid

• Academic Awards range from $8,000 to $17,000 per year.
• There are two options for admission and scholarship awarding:
  • Students who choose admission with a test score.
    • Academic Awards are based on the applicant’s ACT/SAT/CLT and high school GPA
    • Minimum ACT 20/3.5 GPA required
    • If you take the SAT, ACT, or CLT more than one time, the higher score will be taken into consideration
    • See ACT-SAT-CLT Comparison Chart Here
• Students who choose admission without a test score.
  • Students who choose to be admitted without a test score also will be automatically awarded academic merit scholarships on the basis of their GPA, strength of curriculum, and high school and community involvement. A writing sample may also be requested. Students must have at least a 3.25 GPA or above and will be awarded on an individual basis once admitted.
  • Learn more about test optional awarding.

• Milligan will superscore ACT/SAT scores for scholarship consideration.

• Amounts vary and are determined primarily from financial need, as determined by results of the FAFSA.
• You don’t have to repay grants.
• Students must complete a FAFSA to be eligible.
• If eligible, your award amount will be included in your Financial Aid Offer from Milligan (the university starts issuing offers in November as we receive the results of your FAFSA…file ASAP!)

Milligan University’s ROTC program is offered in partnership with the United States Army on the campus of East Tennessee State University (ETSU), located just five miles from Milligan’s campus. Army ROTC offers generous scholarships to qualified students. These scholarships pay:

• 100% tuition and fees while on scholarship
  OR $10k per year ($5k per semester)
• $420 per month (up to 10 months each school year) for expenses
• $600 per semester for books

Visit milligan.edu/ROTC for more information.

• Equal Chance for Education (ECE) offers up to a $25,000 scholarship for DACA/TPS students who have a 3.0 average GPA, definite financial need, and have a defined career goal.
• Visit www.equalchanceforeducation.org for more information and to apply.
• Email admissions@milligan.edu to let us know you’re interested.

• Minimum 21 ACT/980 SAT, 68 CLT, OR 3.0 final final weighted GPA for entering freshmen
• Be admitted to Milligan University as a first-time traditional undergraduate student
• Enroll full-time
• Maintain a major in Biblical and Theological Studies, Children’s Ministry, Church Leadership, Intercultural Studies, Student Ministry, or Worship Leadership
• Agree to enthusiastically participate in required co-curricular activities of the Ministry Leadership Program
• Maintain a cumulative GPA of 2.0 by the end of the second semester of enrollment, 2.5 by the end of the fourth semester and each semester thereafter
• This scholarship may NOT be combined with Tuition Exchange, Personnel Grant, Jeanes Honors, Goah, Performing Arts, Athletic scholarships

• Ballad Health (formerly Mountain States Health Alliance) will provide up to $5,000 per year toward tuition with commitment for employment upon graduation and state licensure attainment.
• Students must major in nursing
• Students applying for a scholarship must agree to accept full-time employment with Ballad Health for the commitment period based on the amount of financial support received
• Students are typically eligible for the scholarship beginning in their sophomore year when enrolled in required program courses at the clinical level (200, 300, or 400)
• This scholarship is in addition to Milligan aid
• Students applying may not already hold an RN degree
• For more information about the scholarship, please contact admissions@milligan.edu

• Annual awards currently range from $740 to $7,395 (subject to change, per Department of Education)
• Need aid based on results of information submitted on the FAFSA.
• Eligibility for Federal Pell Grant is determined by a formula consistently applied to all applicants which takes into account the cost of attending the institution and the student’s part or full-time status.
• For more information, visit https://studentaid.gov/understand-aid/types/grants/pell.
• If eligible, your award amount will be included in your Financial Aid Offer from Milligan (the university starts issuing offers in December as we receive the results of your FAFSA…file ASAP!)

• Grants range from $250 to $1,000 annually.
• Available to students with exceptional financial need.
• Priority is given to Pell Grant recipients.
• For more info, visit https://studentaid.ed.gov/understand-aid-types/grants/fseog.
• If eligible, your award amount will be included in your Financial Aid Offer from Milligan (the university starts issuing offers in December as we receive the results of your FAFSA…file ASAP!)

• Up to $4,000 per year ($8,000 maximum for Graduate students) to students who intend to teach in a high-need field in a low-income elementary or secondary school.
• In exchange for accepting this grant, the student must agree to serve as a full-time teacher in a high-need field (defined in the law) in a low-income public or private elementary or secondary school for at least four academic years within eight calendar years of completing degree or withdrawing from the program.
• If the student fails to comply with these requirements, the grant is converted to a Federal Direct Unsubsidized Loan with interest accruing from the date each grant was disbursed.
• For more info and qualifications, visit https://studentaid.ed.gov/teach-grant-program.

• The maximum loan is $3,500 for first-year students; $4,500 for second-year students; and $5,500 each subsequent year, up to $23,000 over a five-year period.
• Loans that are subsidized by the U.S. Department of Education.
• Interest is paid for you while you’re in school at least half-time and during a period of deferment (a postponement of loan payments).
• The currently published interest rate for loans first disbursed on or after July 1, 2024, and before July 1, 2025 is 6.53%.
• For new student loan borrowers: These loans require Entrance Loan Counseling for all first time borrowers and Exit Loan Counseling for all borrowers who are graduating, not returning to Milligan, or have dropped below at least a half-time enrollment status.

• The base annual amount for Subsidized/Unsubsidized Loan is $3,500 for first year undergraduate students; $4,500 for second year undergraduate students; and $5,500 for third year and above undergraduate students.
• In addition to the annual base loan amounts, there is an additional annual Unsubsidized Loan eligibility of $2,000 for undergraduate students.
• This companion program differs from the regular Loan in that the government does not subsidize the interest.
• The currently published interest rate for loans first disbursed on or after July 1, 2024, and before July 1, 2025 is 6.53%.
• Interest accrues for the full duration of the loan, although there are no prepayment penalties.
• Available to all students.

For new student loan borrowers: These loans require Entrance Loan Counseling for all first time borrowers and Exit Loan Counseling for all borrowers who are graduating, not returning to Milligan, or have dropped below at least a half-time enrollment status.

• A Federal Direct PLUS Loan is a credit-based loan for parents of undergraduate students and for graduate students. It must be repaid.
• Graduate students may benefit from using the PLUS loan as opposed to an alternative loan because students may not qualify for an alternative loan based on credit history, or the interest rate may be higher than the 9.08% Direct PLUS Loan interest rate.
• The currently published interest rate for loans first disbursed on or after July 1, 2024, and before July 1, 2025 for Federal PLUS Parent or Graduate Loan is 9.08%.

For new student loan borrowers: The Graduate PLUS Loan requires Entrance Counseling for all first-time borrowers and Exit Loan Counseling for all borrowers who are graduating, not returning to Milligan, or who have dropped below at least half-time enrollment status. If you need assistance in determining the amount to borrow, please contact Student Financial Services.

After exhausting all other forms of financial aid, students may consider Alternative Loan programs as an additional source of funding. Alternative Loans are non-federal loans. They are credit-based loans that may be used as supplemental resources for paying for college. Students should exhaust all federal aid opportunities first. Interest rates for Alternative Loan programs are based on the student’s credit rating or the credit rating of the co-borrower. A co-borrower may be required, depending on the student’s credit history.

APPLYING

Apply for an Alternative Loan and complete all requested documents/processes with the lender of your choice. Milligan receives notification from your lender when the loan is approved.

An alphabetic listing of lenders that Milligan University students have utilized over the last 3 years is listed here. This list is in no way exclusive or exhaustive of all existing lenders. You have the right to select any lender you wish for an Alternative Loan. If your lender is not listed, please contact the Student Financial Services Office for further instructions regarding the loan process. The Student Financial Services Office will process your loan quickly and accurately regardless of the lender you choose.