Financial Aid

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Value that’s affordable

We’re committed to keeping Carroll College affordable to all students and families who share our belief in academic excellence, lifelong learning, and making a difference.

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    Value in the Numbers

    At Carroll College, your financial investment pays dividends now and for a lifetime. Let us show you how.

    Value in the Numbers
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    Types of Aid

    Let us walk you through the categories of need-based and non-need-based financial aid available to you.

    Types of Aid
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    Scholarships & Grants

    One of the ways we keep Carroll College affordable is through our generous scholarships and grants program. Find more.

    Scholarships & Grants

Get to know the FAFSA

We recommend that all students and their parents fill out the Free Application for Federal Student Aid (FAFSA)—even if you think you won’t qualify for financial aid. There are Carroll College grants and scholarships available only to those who submit the FAFSA. 

Learn more about the FAFSA

Carroll College is committed to providing accurate and timely updates on how new legislation may impact your financial aid.

ONE BIG BEAUTIFUL BILL ACT (OBBBA)

Signed into law: July 4, 2025

The OBBBA is the budget reconciliation package that was approved by Congress that includes a broad range of changes to federal financial aid, effective the 2026-2027 academic year.

Key Changes to Federal Financial Aid:

FEDERAL PELL GRANT: Beginning with the 2026-2027 academic year students that are receiving enough non-federal grants and scholarships to cover 100% or more of their estimated cost of attendance (COA) will no longer be eligible for Federal Pell Grant.

FEDERAL DIRECT SUBSIDIZED/UNSUBSIDIZED LOANS: Beginning with the 2026-2027 academic year students enrolled less than full-time and borrowing federal direct loans will have their loan amount prorated based on enrollment. Decreases in enrollment at any point during the academic year can have an impact on a student's future disbursement amount.

FEDERAL DIRECT PARENT PLUS LOANS: Effective July 1, 2026 there are annual and lifetime aggregate limits on Parent Plus loans. Parents of dependent undergraduate students will be able to borrow up to $20,000 per academic year for their student (dependent upon cost of attendance minus other student aid received) AND up to $65,000 over that student’s academic career.

ADDITIONAL RESOURCES

Here is some more information regarding in-depth changes to financial aid due to OBBBA:

Federal student Aid’s One Big Beautiful Bill Act Updates

Federal Student Aid’s July 18, 2025 Dear Colleague Letter

NASFAA’s One Big Beautiful Bill Act Summary Chart

Carol Will

Financial Aid  |  Press Release 

Carroll Expert Weighs In on Student Loan Default Changes

May 2, 2025

Pell Promise for Montana Students

Financial Aid  |  Press Release 

Carroll Launches Pell Promise for Montana Pell Grant Students

Aug 19, 2024

Upcoming Events

We recognize there are growing concerns about the future of the U.S. Department of Education and how potential changes could impact the administration of federal student aid. Programs like Pell Grants, Supplemental Educational Opportunity Grants, and Federal Work-Study are critical to student access and success—and we remain strongly committed to advocating for their protection and expansion.

At this time, no changes to student funding have been enacted, and we remain optimistic that the incoming class will experience minimal impact. Carroll College will continue to work closely with students and families to answer questions, provide support, and help ensure a smooth path forward.

I have been blessed to work in the Financial Aid Office which has allowed me to see the countless resources Carroll’s financial aid office provides and I have personally witnessed the generosity of time and resources this office dedicates to us students.

Bridget Braden Nursing Major, ’23

Two female Carroll students smiling

We're here to help

We know the financial aid process can be confusing and even intimidating. That’s why we’re here—to answer your questions and navigate the process from application to award. Contact us at:

Start your Carroll journey

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Financial Aid Update 2025-2026