Financial Aid

When you begin your college career, you may often wonder how (or even if) God will provide. To this point in your life, college is by far your biggest investment. 

We know from experience that God does indeed provide!

God is our source, actively working for His people. He uses a variety of methods. We want to list of few of them for you here.

Download a copy of our current Financial Aid Brochure for additional information.

Financial Aid

About Financial Aid

See if you qualify

Those who want to apply for state or federal aid should meet the following criteria:

  • You are a citizen or eligible non-citizen of the US
  • You have a high school diploma or GED
  • You are enrolled in an eligible institution
  • You have registered with the Selective Service (men only)
  • You maintain satisfactory academic progress

Download forms

If you have questions about which forms you need and when you will need them, please let us know.

Apply for financial aid

Students applying for financial aid must complete a Free Application for Federal Student Aid (FAFSA).

For the 2016-2017 academic year, submit the FAFSA as soon as possible after January 1, 2016.

First, apply online for a Federal Student Aid (FSA) ID. You will use the FSA ID to sign the FAFSA and access personal information on other Federal Student Aid websites.

Find more information

Our Associate Financial Aid Director has provided answers to some of the most important questions related to financial aid.

You may also contact us at any time.

Work your way through college

A high percentage of students have jobs on campus. Others find work in Watertown or a nearby community. Here are a few of the options that will be available to you:

Receive a grant

Grants (gift aid that does not require repayment) are offered to students who demonstrate financial need according to the federal need analysis formula in the FAFSA.

State—For Wisconsin residents.

  • Wisconsin Grant (WG): For WI residents attending independent Wisconsin colleges and universities. Awards are based on financial need. Amounts vary from $1,000 to $2,735 per year.

Federal—For U.S. citizens and eligible non-citizens.

  • Pell Grant: 2013-2014 awards range from $605 to $5645 per year for undergraduates. Awards are based on the student’s Expected Family Contribution, determined by the FAFSA.
  • Federal Supplemental Education Opportunity Grant (FSEOG): Awarded to the neediest students who attend first semester and return second semester. Amounts vary.

Take out a loan

Maranatha participates in the Federal Direct Loan Program. These loans are governed by federal laws which determine the maximum loan amounts and interest rates. Students must submit the FAFSA each year to be eligible for Direct Loans.

  • Direct Stafford Loans – Subsidized (non-interest bearing) and Unsubsidized loans (interest bearing) for students who are enrolled at least half time. Repayment begins six months after the student drops below half-time enrollment, withdraws, or graduates.
  • Direct Parent Loan for Undergraduate Students (PLUS) – available to parents to help pay their child’s educational expenses. Applicants must pass a credit check. Repayment usually begins shortly after the last disbursement is made, but may be deferred while the student is enrolled at least half time.

You may also want to look over some of the options for Loan Repayment Programs or find out more at