Financial Aid

Grants

Grants are a type of financial aid that does not have to be repaid; usually awarded on the basis of need, possibly combined with some skills or characteristics the student possesses. Sources for grants include the federal government, state government and Grand Valley.


Institutional Aid

The Grand Valley Freshman Grant, Grand Valley Grant, and GV Grant are available to undergraduate students with exceptional unmet need after all other financial aid is awarded.

Grand Valley Freshman Grant

Eligibility: Awarded to new first-time students with  exceptional unmet need after all other aid is awarded. Priority given to students who file FAFSA by March 1.

Award Amount: The maximum award amount is $2,000. The award amount varies based on the EFC.

Grand Valley Grant

Eligibility: Awarded to new and returning students who have an estimated family contribution of $2,000 or less as determined by filing the FAFSA. Priority given to students who file by March 1 each year.

Award Amount: The maximum award amount is $3,000. The award amount varies based on the EFC.

GV Grant

Eligibility: Awarded to new and returning students who have exceptional unmet need after all other aid is awarded. Priority given to students who file the FAFSA by March 1 each year.

Award Amount: The maximum award amount is $2,000. The award amount varies based on the EFC.

GV Second Year Grant

Eligibility: Awarded to students in their second year who have exceptional unmet need after all other aid is awarded. Priority given to students who file the FAFSA by March 1 each year.

Award Amount: The maximum award amount is $1,700. The award amount varies based on the EFC.

GV Out of State Grant

Eligibility: Awarded to out of state students who have an estimated family contribution of $2,000 or less as determined by filing the FAFSA. Priority given to students who file by March 1 each year.

Award Amount: The maximum award amount is $4,400.

GV Transfer Grant

Eligibility: Awarded to transfer students who have an estimated family contribution of $2,000 or less as determined by filing the FAFSA. Priority given to students who file by March 1 each year.

Award Amount: The maximum award amount is $2,000.


Federal Aid

Federal Pell Grant

The Federal Pell Grant program is the second-largest federal student aid program.   The intent of the program is to assist the neediest students. The amount of Federal Pell Grant funds you may receive over your lifetime is limited by a new federal law to be the equivalent of six years of Pell Grant funding. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600%. For more information visit www.studentaid.ed.gov.

Eligibility: Awarded only to undergraduate students who have not earned a bachelor's degree. Must complete the FAFSA and demonstrate financial need. May be award to full-time, part-time and less than part-time students.

Award Amount: For the 2013-2014 award year, the minimum award amount is $605 the maximum award amount is $5,645. The award amount varies based on the EFC.

Federal Supplemental Educational Opportunity Grant (FSEOG)

This program provides grant funds undergraduate students who have exceptional financial need and have not yet earned a bachelor's degree.  Priority is given to students who are eligible for a Federal Pell Grant.

Eligibility: Must complete the FAFSA and demonstrate financial need. May be award to full-time and part-time students.

Award Amount: The minimum award amount is $100, the maximum award amount is $4000. The award amount varies based on need and is determined by the institution.

Iraq and Afghanistan Service Grant

This grant is intended for students who are not Pell Grant eligible and whose parent or guardian was a member of the U.S. Armed Forces and died as a result of service performed in Iraq or Afghanistan after September 11, 2001.

Eligibility: Students must be under the age of 24 years old or enrolled in college at least part-time at the time of the parent or guardian's death.

Award Amount: The grant award is equal to the amount of a maximum Pell Grant for the award year--not to exceed the cost of attendance for that award year. 

Teacher Education Assistance for College and Higher Education (TEACH Grant)

This program provides assistance to those who intend to teach in a high need subject area in a public or private elementary or secondary school that is designated as a low-income school by the US Department of Education. Recipients must teach full-time for at least four years within eight years of completing their program; teaching service must be in a high-need field in a low-income school. Failure to complete the service agreement will result in the grant being converted to an unsubsidized loan with interest accruing back to the original disbursement of the grant. The Financial Aid Office will send a letter regarding the TEACH Grant Program to potentially eligible students each semester. This letter will include detailed instructions on how to apply for the grant.

Eligibility: Review our program requirements and eligibility.

Award Amount: The TEACH Grant Program provides up to $2,000 per semester  (aggregate limits: undergraduate total of $16,000 and graduate total of $8,000).  TEACH will be prorated based on credits enrolled.

  • Full-time, $2000, 3/4-time $1500, 1/2-time $1000, less than half-time $500

Please note: Due to the current federal government sequester TEACH grant disbursements made after October 1, 2013 and prior to September 30, 2014 will be reduced by .89%. The prorated amounts are listed below.

  • Full-time, $1982, 3/4-time $1486, 1/2-time $991, less than half-time $495

TEACH grant disbursements made after October 1, 2014 and prior to September 30, 2015 will be reduced by 7.3%. The prorated amounts are listed below.

  • Full-time, $1854, 3/4-time $1390, 1/2-time $927, less than half-time $463

State Aid

Michigan Indian Tuition Waiver

This program covers tuition costs for eligible Native Americans attending public community colleges or universities within the State of Michigan. For additional information contact the Michigan Department of Civil Rights at (517) 241-7748.

Eligibility: Awarded to students enrolled in at least 1 credit hour. Students must be 1/4 or more Native American blood quantum and an enrolled member of a US Federally recognized Tribe as certified by their Tribal Enrollment Department. Must be a legal resident of the state of Michigan for not less than 12 consecutive months. Must be meeting Satisfactory Academic Progress requirements at Grand Valley. Must complete MITW Application Form.     

Award Amount: The tuition waiver is equal to tuition charges and fees.

Tuition Incentive Program

The Tuition Incentive Program (TIP) is an incentive program that encourages eligible students to complete high school by providing tuition assistance for the college. TIP provides assistance in two phases. Grand Valley participates in Phase II.

Eligibility: Must provide eligibility letter to the Financial Aid Office by appropriate deadline. Fall-November 1, Winter-February 1, Spring-June 1 and Summer-August 1. For Phase II benefits, students must have earned at least 56 credit hours or have been awarded an associate degree. Review TIP eligibility requirements.

Award Amount: Phase II provides tuition and mandatory fee assistance not to exceed $500 per semester up to a lifetime maximum of $2000.

Michigan Competitive Scholarship

The Michigan Competitive Scholarship program is available to undergraduate students pursuing their first degree.

Eligibility: Students must demonstrate financial need and merit. Eligible applicants must achieve a qualifying ACT score prior to entering college. Must be enrolled at least part-time. Must be a Michigan resident since July 1 of previous calendar year. Must maintain cumulative GPA of 2.0 and be meet Satisfactory Academic Progress. Must not be in default on a federal student loan.

Award Amount:  The scholarship provides assistance up to $600 a year. Awards are subject to the availability and approval of state funding.

No Worker Left Behind (NWLB)

The NWLB program enables workers to acquire the skills necessary to succeed in the fast-changing global economy. The program provides funding to assist workers in furthering their education in order to make a career change.

Eligibility: More information on this program can be found at www.gvsu.edu/wia

Award Amount: The award amount per year varies by student and is determined by Michigan Works!.

 

Page last modified June 16, 2014