by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What financial aid options does Grand Canyon University offer, and what will you qualify for? Keep scrolling for answers.
Grand Canyon University average financial aid offer for freshmen students is $10,587.00. About 100% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Grand Canyon University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by Grand Canyon University.
98% of new students (5545 total) were offered scholarships at Grand Canyon University, averaging $9,023.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 91% of freshmen (5164 total) obtained a federal grant, for about $2,705.00 a piece.
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 | 15.35% | $13,916.00 |
| Income 30k-48k | 8.86% | $13,234.00 |
| Income 48k-75k | 10.60% | $10,589.00 |
| Income 75k-110k | 11.78% | $8,957.00 |
| Income 110k + | 20.95% | $8,648.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
100% of the 5679 undergraduates at Grand Canyon University receive some sort of grant aid. This is a total of about 5647 students getting an average of $10,587.00 per person.
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.