$5,589

Avg. Federal Grant

$6,845

Avg. Federal Loan

$19,444,587

Total Aid Awarded

Governors State University (GOVST) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$19.445M

Financial Aid Official Website

www.govst.edu/Admissions/Financial_Aid/

Such schemes include AMVETS Post #100 Scholarship, August & Edna Zahatko Scholarship, Grant Program for Descendants of Police, Fire, or Correctional Officers, and Illinois Future Teacher Corps Scholarship. As many as 93% of the students at GSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $14,319,599 in a year. One can visit GSU's financial aid page at http://www.govst.edu/Admissions/Financial_Aid/ for more information. The total percentage of candidates applying to Governors State University who receive the Federal Grant is 78%. In comparison, 79% of the students are awarded the Student Grant, 23% get the Institution Grant, and 78% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,659, while the same comes to $4,787 for State Grant receivers and $634 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,536. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Governors State University, the percentage of candidates who opt to avail of student loans is around 71%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

60%

Institution Grant Aid

8%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$5,589

State Grant Aid

$4,702

Institution Grant Aid

$4,871

Pell Grant

$5,119

At the Governors State University, the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants. Federal grants have the highest percentage contribution of 71% with an average aid amount being $5,589.

Pell grants have a percentage of 70% with an average aid amount of $5,119 and for Institutional grants, the aid percentage is 8% and aid amounts to $17,931. State grants have a percentage of 60% with an aid average of $4,702.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,586

$30,001 - $48,000

$7,918

$48,001 - $75,000

$5,575

$75,001 - $110,000

$8,289

Over $110,000

$6,349

Lower the family income higher is the amount of aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $7,586 while those with family income over $110,000 can expect to receive an aid amount of $6,349. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Governors State University (GOVST)

Average Loan Amount Average Loan Amount received per year.

$9,334/Year

Students Taking Out Loans

78%

Loan Default Rate

6.3%

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