$4,532

Avg. Federal Grant

$5,272

Avg. Federal Loan

$40,791,645

Total Aid Awarded

Saginaw Valley State University (SVSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$40.792M

Financial Aid Official Website

www.svsu.edu/cfsc/

Students can avail of scholarships provided by the university, such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay Area Chamber Of Commerce Foundation Scholarship, and Bay City Civitan/Marcella Barber Scholarship, if they find educational expenses to be on the higher side. Notably, 98% of the students at Saginaw Valley State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $30,063,130. Notably, a total of 36% of the applicants to Saginaw Valley State University receive the Federal Grant every year. On the other hand, 98% of the candidates get the Student Grant, 95% receive the Institution Grant, and 36% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,626, and the same stands at $1,195 for State Grant awardees and $5,379 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,443. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SVSU, an estimated number of 64% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

8%

Institution Grant Aid

76%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,532

State Grant Aid

$1,266

Institution Grant Aid

$4,911

Pell Grant

$4,449

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,619

$30,001 - $48,000

$8,072

$48,001 - $75,000

$5,440

$75,001 - $110,000

$3,525

Over $110,000

$3,028

Student Loans for Saginaw Valley State University (SVSU)

Average Loan Amount Average Loan Amount received per year.

$6,378/Year

Students Taking Out Loans

64%

Loan Default Rate

8.1%

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