by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Calvin University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Calvin offer, and what will you qualify for? Read on for more information. Keep going to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Calvin University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Calvin University, 100% of new full-time first-years were awarded at least some aid some 724 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $29,123 |
| Institutional grants & scholarships | 100% | $25,561 |
| Federal Pell grants | 19% | $5,111 |
| State/local grants | 40% | $5,666 |
| Federal student loans | 38% | $5,200 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Calvin, roughly 92% of undergraduate students received gift aid averaging $26,719 (for some 2813 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $26,719 |
| Federal Pell grants | 17% | $5,259 |
| Federal student loans | 33% | $6,517 |
On-campus students receiving title-IV aid were awarded grants averaging $31,230.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,339 |
| $30,001 – $75,000 | $20,779 |
| Over $75,000 | $26,655 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,992 |
| Off-campus title-IV students | $24,783 |
For an estimate tailored to your family circumstances, see Calvin’s online cost calculator: www.calvin.edu/admissions/financial-aid/calculator.
Graduating students at Calvin carry a median federal student debt of $19,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Calvin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $10,000 |
| 75th percentile | $29,000 |
| 90th percentile (highest-debt students) | $31,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $21,500 |
| Middle income | $20,885 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,145 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $23,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Calvin.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Calvin:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8315 |
| Total Stafford loan amount | $125,311,013 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 28 |
| Total GI Bill amount | $514,394 |
| Average GI Bill amount per recipient | $18,371 |
References
More about our data sources and methodologies.