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Office of Financial Aid
2 East South Street
Galesburg, IL 61401-4999
309-341-7149
Toll free: 800-678-KNOX
Fax: 309-341-7453
E-mail: financialaid@knox.edu
Knox calculates your financial aid award based on your financial need. Your financial need is determined by using Knox's cost of attendance and the results of your Free Application for Federal Student Aid (FAFSA) which determines your family's ability to pay. The formula used in the FAFSA takes into account adjusted gross income, non-taxable income, federal and state taxes, assets, household size, and the number of students in college.
Approximately 68 percent of new (U.S. first-year) students entering in the fall of 2011 qualified for financial aid based on need. The following chart reflects awards received by students in Fall of 2011.
Number and Range of Awards Received by Enrolled First-Year Students for Fall 2011 who demonstrated financial need. Awards include scholarships, grants, loans (subsidized and unsubsidized), and student employment .
| Total Family Income | Number Applied | Number Awarded | Average Award | Award Range |
| $0 - 17,999 | 52 | 52 | $39,939 | $27,785 - $43,852 |
| $18,000 - 35,999 | 12 | 12 | $39,957 | $35,816 - $43,852 |
| $36,000 - 53,999 | 30 | 30 | $39,146 | $34,053 - $42,742 |
| $54,000 - 71,999 | 29 | 29 | $35,774 | $14,907 - $43,352 |
| $72,000 - 89,999 | 22 | 22 | $29,853 | $16,500 - $41,077 |
| $90,000 - 107,999 | 24 | 24 | $26,573 | $12,000 - $33,630 |
| $108,000 - 125,999 | 26 | 26 | $22,426 | $11,00 - $34,175 |
| $126,000 - 143,999 | 16 | 16 | $20,060 | $14,000 - $29,990 |
| $144,000 and over | 52 | 52 | $19,375 | $10,000 - $27,825 |
