Financial Aid Overview 2018-2019

Financial aid is awarded in the form of grants, loans, scholarships and work study.
For the purpose of this report, we have broken 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
36%
Students Graduate Without Student Loan Debt
90%
Students Received At Least One Form of Financial Aid
31%
Students Received a Federal Pell Grant

Total Financial Aid Awarded by Source 2018-2019


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Library

"Every time I have contacted the office I have gotten a quick response. Everyone is so helpful and kind."

 – 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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2018-2019 Total Grants 

   

Federal Grants

$30,168,609

Grand Valley Grants

$19,468,015

State Grants

$899,933

Total

$50,536,557‬

Winter Superior Hall
5,900+
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

2018-2019 Total Loans

   

Federal Direct Student Loans

$107,968,144

Federal Direct Parent PLUS Loans

$49,827,197

Federal Direct Graduate PLUS Loans

$7,519,609

Alternative Loans

$17,860,617

Total

$183,175,567‬

Loans Awarded By Source


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61%
Students Borrowed a Loan

Thank you for your excellent, friendly service and prompt attention! Much 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 2018-2019


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2018-2019 Total Scholarships

   

Grand Valley Scholarships

$41,876,608

Outside Agency Scholarships

$4,433,182

State Scholarships

$3,037,276

Total

$49,347,066

19,716
Scholarship Awards
32%
Students received a merit and/or donor funded scholarship
7,900
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.

2018-2019 Total Student Wages

   

Non Work-Study Wages

$15,166,250

Federal Work Study Wages

$1,488,673

Total

$16,654,923‬

Wages Earned by Students


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6,228
Student employees on-campus
SEAD Department Champions

Chemistry Department - 2016 Student Employee Appreciation Days Department Decorating Champions

$2,764
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.  

220
Student Loan Exit Counseling Appointments
MoneySmart lakers

2018-2019 Student Engagement

   

Number of Individual Appointments

233

Fall Presentation Attendees

855

Winter Presentation Attendees

285

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 30 presentations held in the fall semester, and 18 presentations held in the winter semester.

 

 



Page last modified December 14, 2021