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.
Discover the financial aid possibilities at GVSU and learn what assistance you might qualify for by continuing to read.
$7,353.00 is the typical Grand Valley State University’s first year financial aid package. About 90% of first year students receive financial aid, most of which is in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Grand Valley State 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 stats below refer to aid that is provided by Grand Valley State University.
74% of first-year students (3102 total) were offered scholarships at Grand Valley State University, averaging $6,304.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 43% of freshmen (1798 total) received a federal grant, for about $3,581.00 a person.
Amount of Financial Assistance Per Income Level
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.56% | $14,021.00 |
| Income 30k-48k | 6.66% | $13,254.00 |
| Income 48k-75k | 9.77% | $9,003.00 |
| Income 75k-110k | 9.94% | $4,677.00 |
| Income 110k + | 18.02% | $3,032.00 |
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 4217 undergraduate students at Grand Valley State University around 90% (3323 total) receive some form of grant aid. The typical amount awarded was $7,353.00.
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.