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


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Fall Bridge

35%

Students Graduate Without Student Loan Debt

89%

Students Received At Least One Form of Financial Aid

32%

Students Received a Federal Pell Grant

Total Financial Aid Awarded by Source


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Library

"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

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


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2017-2018 Total Grants 

   

Federal Grants

$30,833,584

Grand Valley Grants

$19,052,263

State Grants

$826,487

Total

$50,712,334

Winter Superior Hall

6,200+

Students Received a GVSU Grant


Loans

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

$113,162,994

Federal Perkins Loans

$746,674

Federal Nursing Loans

$50,178

Federal Direct Parent PLUS Loans

$46,625,503

Federal Direct Graduate PLUS Loans

$7,395,914

Alternative Loans

$15,148,188

Total

$183,129,451

Loans Awarded By Source


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63%

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

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)


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2017-2018 Total Scholarships

   

Grand Valley Scholarships

$34,753,638

Outside Agency Scholarships

$4,038,557

State Scholarships

$3,595,128

Total

$42,387,323

18,295

Scholarship Awards

34%

Students received a merit and/or donor funded scholarship

7,306

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

$11,415,989

Federal Work Study Wages

$1,584,375

Total

$13,000,364

Wages Earned by Students


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6,659

Student employees on-campus

SEAD Department Champions

Chemistry Department - 2016 Student Employee Appreciation Days Department Decorating Champions

$1,952

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.  

348

Student Loan Exit Counseling Appointments

MoneySmart lakers

2017-2018 Student Engagement

   

Number of Individual Appointments

221

Fall Presentation Attendees

724

Winter Presentation Attendees

677

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