Graceland University (GU) Financial Aid and Scholarships
Students Receiving Aid
78%
Total Aid Amount
$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.
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