Financial Aid

Understanding Your Award

If you are new to Grand Valley, you will receive your initial financial aid award notification by mail to your permanent address. This is the only paper award notification you will receive. Any changes to your initial award will be sent to you via email.


What is included in my award? 

Once Grand Valley reviews your FAFSA information for accuracy we will send you an award notification. This will list the types of aid you are qualified to receive. Your award may include grants, scholarships, loans and work study.


How do I accept my award?

All grants and scholarship funds will automatically be accepted on your behalf. If you have loans or work study in an offered status you will need to accept the award through myBanner in order to receive them.

Additional Loan Information: If you are accepting a Federal Direct Subsidized/Unsubsidized loan or a Perkins loan there are additional forms you need to complete. Please review the Direct Loan Entrance Counseling & Master Promissory Note and Perkins Master Promissory Note sections of our website for more information.


How many credits do I need to be enrolled in?

We assume full time enrollment on all award notifications. Your financial aid can change if you are not attending full time. The chart below gives you the definition of each enrollment status.

Enrollment Status

Full-Time

3/4 Time

1/2 time

Less than 1/2 time

Undergraduate

12 or more credits

9 to 11 credits

6 to 8 credits

1 to 5 credits

Graduate

9 or more credits

6.5 to 8.5 credits

4.5 to 6 credits

1 to 4 credits

 

How can I make changes to my award?

Once you have accepted your aid online, you cannot make changes to the information online. If you need to adjust the amount of loans or work study, you must call our office at 616-331-3234 or toll free at 800-748-0246.


Will the Financial Aid Office change my award?

Your award notification may change for many reasons. Please review how enrollment impacts your award to see how your award may change. The most common reasons for adjustments to your award are listed below:

  • your residency status changes
  • your enrollment level changes
  • you decline one or more awards
  • we have been notified that you have received other aid or had other resources of which we were unaware when the previous awards were made
  • your data and/or your parent data was incorrect and the error has been corrected
  • your summer financial aid has been processed
  • we have been notified that you are repeating a previously passed course for the 3rd time and are not eligible to count this course(s) in your enrollment for aid
  • we have been notified by another institution that you are receiving aid at both GVSU and the other school during the same period

Keep in mind:

Your initial financial aid awards are based on full-time enrollment. Census occurs at the end of the day on the last day to drop/add courses for the semester (typically the Friday of the first week of classes). Federal regulations require the Financial Aid Office to evaluate your "actual" enrollment status for financial aid purposes and adjust your financial aid accordingly at that time. Additional courses registered for after the census date cannot be taken into consideration with regard to your financial aid eligibility, regardless of whether an exception was made by the Registrar's Office to allow late registration.

If you have questions about why your award was changed, feel free to contact our office.

Page last modified March 5, 2013