$5,645

Avg. Federal Grant

$6,050

Avg. Federal Loan

$21,000,384

Total Aid Awarded

Graceland University (GU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$21.000M

Financial Aid Official Website

www.graceland.edu/financial-aid/index

Among them are scholarship programs such as All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and College Opportunity Scholarship. Interestingly, almost all of the students at GUL receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $6,880,035 in a year. At GUL, the total percentage of applicants who receive the Federal Grant stands at 55%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 53% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,493, the State Grant receivers and Institution Grant beneficiaries get $6,117 and $20,384, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,707. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 84% of the applicants to Graceland University-Lamoni opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

56%

State Grant Aid

17%

Institution Grant Aid

100%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$5,645

State Grant Aid

$5,620

Institution Grant Aid

$18,099

Pell Grant

$5,041

Graceland University serves with financial aid through grants: federal, state and institutional grants. The notable figures of the same are mentioned as follows:

  • Federal Grants: Around 56% of the students are catered with an average aid of $5,645.

  • Pell Grants: This serves 55% of the students with an average aid of $5,041.

  • State Grants: On an average 17% of the students receive an aid of $5,620 from the state government.

  • Institutional Grants: This caters almost 100% of the students with an average aid of $18,099.

On an average, $6,050 of federal loans is offered to the students by GU to support them financially.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,457

$30,001 - $48,000

$24,994

$48,001 - $75,000

$23,006

$75,001 - $110,000

$19,774

Over $110,000

$17,524

Graceland University financial aids have a range from $16,793 to $24,497 offered to students with respect to their family income. The average financial aid amounts to $22,151 which reflects that the greatest percentage of students will receive a financial aid amounting $23,006 falling under the income category ranging from $48,001 - $75,000.

Students’ families with income less than $75,000, will be offered with financial aid reaching nearly $25,457, $24,994 and $23,006 indicating income groups with ranges fluctuating from $0- $30,000, $30,001 - $48,000 and $48,001 - $75,000, respectively. On the other hand, families with income more than $75,000, will be offered with financial aid reaching nearly $21,246 or $16,793 received by groups with income within $75,001 - $110,000 and above $110,000, in order.

Student Loans for Graceland University (GU)

Average Loan Amount Average Loan Amount received per year.

$7,277/Year

Students Taking Out Loans

87%

Loan Default Rate

9.8%

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