Financial Aid Overview

Financial aid is awarded in the form of grants, loans, scholarships and work study.
For the purpose of this report, we have broken down financial aid into 4 sources: federal, state, Grand Valley (general fund and private donor funds) and outside agencies. Grand Valley strongly encourages all students to file the Free Application for Federal Student Aid (FAFSA) as this is the primary application for the majority of financial aid programs.

Percentage of Financial Aid Awarded by Type


Fall Bridge


Students Graduate Without Student Loan Debt


Students Received At Least One Form of Financial Aid


Students Received a Federal Pell Grant

Total Financial Aid Awarded by Source



"Very kind and helpful staff! Anytime I have ever called I am always treated with patience and kindness! Thank you."

 – Parent of a Current Student


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

Grants Awarded by Source


2017-2018 Total Grants 


Federal Grants


Grand Valley Grants


State Grants




Winter Superior Hall


Students Received a GVSU Grant


Student loans, like any consumer loans, must be repaid with interest. In addition to federal loans, there are alternative loan options available to students. Federal loans often have the best interest rates, deferment options, and repayment plans.

Henry Hall

2017-2018 Total Loans


Federal Direct Student Loans


Federal Perkins Loans


Federal Nursing Loans


Federal Direct Parent PLUS Loans


Federal Direct Graduate PLUS Loans


Alternative Loans




Loans Awarded By Source



Students Borrowed a Loan

"I am always impressed and highly satisfied with the [Office of Financial Aid & Scholarships] when I call. Thank you for the great customer service. It is greatly appreciated!"

– Parent of a Current Student


Scholarships are made available as a resource to help students fund their educational costs.  Scholarships are supported by the state, Grand Valley, and outside agency funds.  Grand Valley scholarships are awarded through the general fund and/or private donors.

Percentage of Scholarships Awarded by Source (1718)


2017-2018 Total Scholarships


Grand Valley Scholarships


Outside Agency Scholarships


State Scholarships





Scholarship Awards


Students received a merit and/or donor funded scholarship


Students submitted applications on myScholarships

Student Employment

Student Employment can help pay for indirect costs. Student Employment aids students in obtaining employment that will help finance their education and develop work skills for their future career.

2017-2018 Total Student Wages


Non Work-Study Wages


Federal Work Study Wages




Wages Earned by Students



Student employees on-campus

SEAD Department Champions

Chemistry Department - 2016 Student Employee Appreciation Days Department Decorating Champions


Average Wages Earned by Student

Student Engagement 

Students who are engaged on campus are more likely to do well academically and complete their degree.  An on-campus job is a great way to get involved!

MoneySmart Lakers

Become a MoneySmart Laker.  MoneySmart Lakers is a financial literacy program that aims to educate current students about their personal finances.  The goal is to provide students with the tools and resources to help them understand their finances and to help develop or define their money management skills.  


Student Loan Exit Counseling Appointments

MoneySmart lakers

2017-2018 Student Engagement


Number of Individual Appointments


Fall Presentation Attendees


Winter Presentation Attendees


MoneySmart Program Offerings

Individual Appointments: Students meet individually with peer mentors to discuss specific personal finance questions or issues a student might be facing. Students are able to request these appointments online via the MoneySmart website.

Group Presentations: MoneySmart Lakers has several stock presentations created on various financial topics available for classroom or group presentations. The information in all presentations represents research and expertise from leading studies and members of the financial field.  There were 31 presentations held in the fall semester, and 26 presentations held in the winter semester.

MoneySmart Weeks: Through 17 events around campus, we helped more than 200 students understand their finances and develop their money management skills.


Page last modified January 9, 2019