by our College Data Analytics TeamMany students attending Calvin University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What financial aid options does Calvin offer, and what will you qualify for? Keep scrolling for answers.
Calvin University average financial aid offer for freshmen students is $23,900.00. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Calvin University you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
100% of first-year students (775 total) were offered scholarships at Calvin University, averaging $21,814.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 39% of first-year students (305 total) got federal grant aid, averaging $3,461.00 per person.
Amount of Financial Assistance Per Income Level
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.20% | $28,111.00 |
| Income 30k-48k | 3.34% | $27,716.00 |
| Income 48k-75k | 6.94% | $27,862.00 |
| Income 75k-110k | 10.67% | $25,300.00 |
| Income 110k + | 23.39% | $20,705.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
775 Calvin undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $23,900.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.