Ibrahim Gardner
Grand Canyon University (GCU) offers a range of financial aid options for students, including federal student loans, private student loans, scholarships, grants, and work-study programs. To be eligible for federal financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) form, which is used by GCU to determine eligibility for federal aid, scholarships, and grants. Direct Subsidized Loans are available to undergraduate students with financial needs, while Direct Unsubsidized Loans are available to both undergraduate and graduate students regardless of financial need. Students are encouraged to explore various funding options and compare the terms of federal and private loans before applying. GCU provides resources such as loan repayment support and financial literacy programs to assist students in making informed decisions about their educational financing.
| Characteristics | Values |
|---|---|
| Student loan options | Federal student loans, private student loans |
| Federal loan types | Subsidized, unsubsidized |
| Federal loan provider | U.S. Department of Education |
| Federal loan repayment start date | Six months after graduation, withdrawal, or dropping below half-time enrollment |
| Federal loan interest | Accrues immediately upon disbursement for unsubsidized loans; paid by the ED for subsidized loans while the student is in school at least half-time, during the grace period, and during deferment |
| Federal loan eligibility | Determined by the Free Application for Federal Student Aid (FAFSA) form |
| Federal loan repayment options | Income-driven repayment plans, deferment, forbearance |
| Private loan repayment options | Not specified |
| University policy | Refer to the University Policy Handbook for detailed information about the loan program |
| University support | Student services counselors are available to provide guidance on student loans |
| University initiatives | Partners with ECMC Learning to teach students about loan borrowing and minimizing debt |
| University scholarships | Available for traditional on-campus and online students |
| University grants | Available |
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Federal student loans
To qualify for federal student loans, you need to complete the Free Application for Federal Student Aid (FAFSA) form. The FAFSA form is available online at StudentAid.gov and can be filled out on or after October 1st of each year. GCU uses the information provided in the FAFSA to determine your eligibility for federal financial aid, scholarships, and grants.
There are two types of federal student loans available at GCU: Direct Subsidized Loans and Direct Unsubsidized Loans. Direct Subsidized Loans are available to undergraduate students who can demonstrate financial need. The U.S. Department of Education (ED) pays the interest on these loans while you are in school at least half-time, during your grace period, and during any periods of deferment. On the other hand, Direct Unsubsidized Loans are available to both undergraduate and graduate students, regardless of financial need. Interest on unsubsidized loans accrues immediately upon disbursement, and the federal government does not pay the interest on your behalf.
To remain eligible for federal funding, you must maintain continuous attendance and cannot drop below half-time status. Repayment of federal student loans typically begins six months after you graduate, withdraw, or fall below half-time enrollment.
In addition to federal student loans, GCU encourages students to explore other financial assistance options such as scholarships, grants, work-study programs, and interest-free payment plans to minimize overall debt.
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Private student loans
Grand Canyon University (GCU) offers a range of funding options for students, including federal student loans and private student loans. Private student loans can be a helpful way to finance your education, but it is recommended that you first explore federal loan options and other forms of financial aid.
To be eligible for private student loans, lenders will often consider your creditworthiness and financial situation. It is important to carefully review the terms and conditions of private loans, as they may have higher interest rates and different repayment options compared to federal loans.
Federal Student Loans and Other Financial Aid
Before applying for private student loans, GCU recommends that students first explore federal loan options and other forms of financial aid. On or after October 1st of each year, students can complete the Free Application for Federal Student Aid (FAFSA) to determine their eligibility for federal loans, grants, and work-study programs. GCU uses FAFSA information to offer financial assistance and scholarships to its students.
In addition to federal loans, GCU offers various scholarships, grants, work-study programs, and interest-free payment plans to help students finance their education. These options can help reduce the overall cost of attendance and minimize student debt.
While private student loans are available, it is important to first consider federal loan options and explore the range of financial aid opportunities provided by GCU. By carefully reviewing the available funding options, students can make informed decisions about financing their education and minimizing their debt.
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Scholarships
Grand Canyon University (GCU) offers a variety of scholarships to help students fund their education. GCU is committed to providing an affordable education for all, with a tuition rate of $16,500 for both in-state and out-of-state on-campus students. The university offers three learning options: a traditional campus environment, evening classes, and online degree programs, and scholarships are available for all three types of students.
GCU offers numerous scholarship opportunities that can lower the cost of attendance. Students can find out what scholarships they may qualify for by uploading their unofficial high school or college transcripts. GCU's traditional campus students received approximately $176 million in scholarships in 2024, while online students received nearly $140 million in scholarships in 2023.
GCU offers a $400 scholarship for students enrolling in a Doctoral program, which is applied over the first academic year. This scholarship is only valid for applicants participating in a GCU College of Education or secondary education emphasis master's degree program and cannot be used in conjunction with other GCU scholarships or awards.
The university also offers an 18% tuition discount per course for master's degree programs through the College of Education or secondary education emphasis degree programs offered online. Additionally, GCU provides a 20% tuition discount per course for students enrolling in an evening-campus program, which is applied at the same time as the tuition charges.
GCU also offers a special online and evening program scholarship to all veterans and their spouses, as well as employees of the DOD, DPHS, and NOAA. Furthermore, members of the military receive reduced tuition amounts for online programs.
To be considered for scholarships, students should complete the Free Application for Federal Student Aid (FAFSA) form, which allows them to apply for government grants and loans. The FAFSA form helps determine eligibility for various types of financial aid, including scholarships, grants, and loans. Students can also explore outside scholarships offered by organizations other than the university. These scholarships typically have specific eligibility criteria, which may include academic achievement, financial need, field of study, extracurricular involvement, or specific demographics.
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Grants
Grand Canyon University (GCU) offers a variety of scholarships and grants to help students fund their education. GCU is a private Christian university, and its tuition rate for in-state and out-of-state on-campus students is $16,500. The university has pledged to keep tuition costs competitive and has not increased campus tuition rates since 2009.
To apply for grants and scholarships, students must complete the Free Application for Federal Student Aid (FAFSA) form. The FAFSA form helps students apply for and determine their eligibility for various federal student aid through grants and loans. GCU uses the FAFSA information to determine eligibility for federal financial aid, scholarships, and other grants. Students can also apply for federal grants, which, like scholarships, do not need to be repaid unless the student withdraws from school.
GCU offers several scholarships and grants to students, including:
- A $400 scholarship for students enrolling in a Doctoral program, applied over the first academic year.
- 18% off the tuition per course for students enrolling in a master's degree program through any of the College of Education or secondary education emphasis degree programs offered online.
- 20% off the tuition per course for students enrolling in an evening-campus program, offered on GCU's main campus.
- A need-based scholarship program for eligible students with Student Aid Index (SAI) scores in the 5,001-40,000 range.
- A $1,000 grant per academic year for current members of Psi Beta with a 3.5 or greater cumulative college GPA.
- A special online and evening program scholarship for veterans, their spouses, and employees of the DOD, DPHS, and NOAA.
In addition to these, GCU also offers various other scholarships and grants to students, including institutional aid, outside scholarships, and cash payment plans. GCU encourages students to accept the most beneficial sources of financial assistance first, such as scholarships, grants, and work-study programs, to minimize debt.
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Work-study
Grand Canyon University (GCU) offers a range of financial aid options for students, including federal student loans, private student loans, scholarships, grants, and work-study programmes.
To be eligible for federal financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) form online at StudentAid.gov. GCU uses the information provided in the FAFSA to determine eligibility for federal financial aid, scholarships, and other grants. Students can also apply for private student loans, although it is recommended that students compare the terms of federal loans before applying for private loans.
GCU also offers scholarships for both traditional on-campus and online students, which can help reduce the cost of education. These scholarships may be based on various factors, including academic achievement, financial need, field of study, and extracurricular involvement. In addition, GCU provides cost estimator tools to help students gauge their potential expenses.
In summary, GCU offers work-study programmes as a form of financial aid, along with other options such as scholarships, grants, and loans. Students can find job opportunities through GCE, and GCU provides resources to help students navigate their financial options and plan for their education.
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Frequently asked questions
GCU offers both federal and private student loans. Federal loans can be subsidised or unsubsidised, with subsidised loans being need-based.
To apply for federal student loans, you must complete the Free Application for Federal Student Aid (FAFSA) form online at StudentAid.gov. GCU uses the FAFSA information to determine eligibility for federal financial aid, scholarships, and grants.
To remain eligible for federal funding, you cannot be out of attendance for a period greater than 14 days or drop below half-time status. You will need to repay federal student loans starting six months after you graduate, withdraw, or your enrollment falls below half-time.
Yes, GCU offers scholarships, grants, work-study programs, student worker positions, and interest-free payment plans as alternatives to student loans.
