How GVSU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Grand Valley State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 14,678, which is 69.11 % of all undergraduate students. 12,447 students which is 58.44% of undergraduate students received federal student loans and the average loan amount is $6,692.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	13,887 (65%)	$5,091	7,691 (36%)	$3,850	13,426 (63%)	$6,963
2014-15	14,001 (65%)	$5,237	7,504 (35%)	$3,889	13,652 (63%)	$6,883
2015-16	14,293 (65%)	$5,280	7,347 (33%)	$3,913	13,568 (62%)	$6,816
2016-17	14,282 (64%)	$5,488	6,897 (31%)	$3,944	13,513 (61%)	$6,668
2017-18	14,444 (66%)	$5,942	6,926 (32%)	$4,278	13,274 (61%)	$6,649
2018-19	14,187 (65%)	$6,454	6,585 (30%)	$4,385	12,552 (58%)	$6,666
2019-20	15,501 (73%)	$6,717	6,072 (29%)	$4,401	11,961 (57%)	$6,589
2020-21	15,130 (74%)	$6,941	5,264 (26%)	$4,617	10,549 (52%)	$6,510
2021-22	16,377 (85%)	$7,921	4,878 (25%)	$4,702	9,529 (49%)	$6,488
Average	14,678 (69.11%)	$6,119	6,574 (30.78%)	$4,220	12,447 (58.44%)	$6,692

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 3,052 (74.89 % of students) received grants or scholarships and its average amount is $7,115. It can cover 33.63% of tuition & fees ($21,154) based on out-of-state rate.

In addition, 2,419 (59.11 % of students) students get helped from the students loans (average amount : $6,547).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,911 (72%)	$5,830	2,617 (64%)	$6,526
2014-15	2,941 (70%)	$6,071	2,707 (65%)	$6,407
2015-16	2,840 (69%)	$5,965	2,560 (63%)	$6,508
2016-17	2,977 (69%)	$6,374	2,718 (63%)	$6,284
2017-18	2,872 (70%)	$6,734	2,525 (62%)	$6,584
2018-19	3,082 (72%)	$7,930	2,408 (56%)	$6,729
2019-20	3,323 (79%)	$7,944	2,389 (57%)	$6,701
2020-21	2,988 (80%)	$8,376	1,925 (51%)	$6,613
2021-22	3,534 (93%)	$8,811	1,919 (51%)	$6,572
Average	3,052 (74.89%)	$7,115	2,419 (59.11%)	$6,547

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 1,147 (28.22 % of students) received Pell (federal) grants and its average amount is $4,390.

In addition, 527 students received State/local government grants/scholarships (13.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,297 (32%)	$4,111	848 (21%)	$369	883 (22%)	$610	2,835 (70%)	$3,806
2014-15	1,260 (30%)	$4,228	510 (12%)	$483	741 (18%)	$654	2,861 (68%)	$4,123
2015-16	1,210 (30%)	$4,201	455 (11%)	$940	562 (14%)	$620	2,784 (68%)	$3,981
2016-17	1,225 (29%)	$4,233	441 (10%)	$1,164	851 (20%)	$622	2,894 (68%)	$4,404
2017-18	1,183 (29%)	$4,345	484 (12%)	$769	389 (10%)	$969	2,845 (70%)	$4,727
2018-19	1,152 (27%)	$4,439	439 (10%)	$1,146	414 (10%)	$1,015	3,054 (71%)	$6,027
2019-20	1,060 (25%)	$4,495	1,402 (33%)	$1,195	381 (9%)	$1,060	3,102 (74%)	$6,304
2020-21	926 (25%)	$4,617	1,199 (32%)	$706	306 (8%)	$1,018	2,959 (79%)	$6,622
2021-22	1,008 (27%)	$4,838	2,841 (75%)	$1,935	216 (6%)	$1,068	3,240 (86%)	$6,337
Average	1,147 (28.22%)	$4,390	958 (24.00%)	$967	527 (13.00%)	$848	2,953 (72.67%)	$5,148

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 2,419 (59.11 % of students) get any students loan help and its average loan amount is $2,419.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	2,617 (64%)	$6,526	2,581 (64%)	$5,871	182 (4%)	$10,586
2014-15	2,707 (65%)	$6,407	2,672 (64%)	$5,775	183 (4%)	$10,450
2015-16	2,560 (63%)	$6,508	2,520 (62%)	$5,733	205 (5%)	$10,792
2016-17	2,718 (63%)	$6,284	2,645 (62%)	$5,620	207 (5%)	$10,700
2017-18	2,525 (62%)	$6,584	2,505 (61%)	$5,608	216 (5%)	$11,930
2018-19	2,408 (56%)	$6,729	2,374 (55%)	$5,391	291 (7%)	$11,705
2019-20	2,389 (57%)	$6,701	2,358 (56%)	$5,317	293 (7%)	$11,845
2020-21	1,925 (51%)	$6,613	1,881 (50%)	$5,161	232 (6%)	$13,024
2021-22	1,919 (51%)	$6,572	1,876 (50%)	$5,201	213 (6%)	$13,406
Average	2,419 (59.11%)	$6,547	2,379 (58.22%)	$5,520	225 (5.44%)	$11,604

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Scholarships, Grants, and Loan Trends at GVSU

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time