by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What financial aid options does Grace offer, and what will you qualify for? Keep scrolling for answers.
$9,791.00 is the typical Grace Christian University’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Grace Christian University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
65% of new students (77 total) were given scholarships at Grace Christian University, averaging $7,055.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 66% of freshmen (78 total) obtained a federal grant, for about $4,412.00 a piece.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 33.90% | $8,453.00 |
| Income 30k-48k | 16.95% | $9,664.00 |
| Income 48k-75k | 16.10% | $12,856.00 |
| Income 75k-110k | 11.02% | $8,499.00 |
| Income 110k + | 6.78% | $4,552.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 118 undergraduate students at Grace Christian University around 100% (110 total) receive some form of grant aid. The typical amount awarded was $9,791.00.
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.