$5,137

Avg. Federal Grant

$6,684

Avg. Federal Loan

$84,379,864

Total Aid Awarded

Valparaiso University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$84.380M

Financial Aid Official Website

https://www.valpo.edu/student-financial-services/

Among them are scholarship programs such as Academic Scholarship, Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, and Birds Eye Foods (Brooks Foods) Scholarship. It is interesting to note that, every year, around 99% of students at VU receive some kind of financial aid, while the total amount of assistance/loans provided is $12,515,787. Notably, a total of 32% of the applicants to Valparaiso University receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 32% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,751, the State Grant receivers and Institution Grant beneficiaries get $7,415 and $27,052, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,570. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At VU, an estimated number of 46% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

22%

Institution Grant Aid

99%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$5,137

State Grant Aid

$7,265

Institution Grant Aid

$24,127

Pell Grant

$4,400

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$34,022

$30,001 - $48,000

$33,177

$48,001 - $75,000

$32,667

$75,001 - $110,000

$28,169

Over $110,000

$25,757

Student Loans for Valparaiso University

Average Loan Amount Average Loan Amount received per year.

$9,091/Year

Students Taking Out Loans

69%

Loan Default Rate

3.1%

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