2020-2021 Annual Report Navigation
Financial Aid Overview 2020-2021
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
35%
Students Graduate Without Student Loan Debt
96%
Students Received At Least One Form of Financial Aid
27%
Students Received a Federal Pell Grant
"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.
5,400+
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.
2020-2021 Total Loans
|
Federal Direct Student Loans |
$91,396,135 |
|
Federal Direct Parent PLUS Loans |
$38,422,427 |
|
Federal Direct Graduate PLUS Loans |
$7,842,267 |
|
Federal Nursing Loan |
$16,000 |
|
Alternative Loans |
$17,584,212 |
|
Total |
$155,261,041 |
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.
29,998
Scholarship Awards
46%
Students received a merit and/or donor funded scholarship
6,100
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.
5,001
Student employees on-campus
Chemistry Department - 2016 Student Employee Appreciation Days Department Decorating Champions
$2,589
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!