by our College Data Analytics TeamA large number of students are not billed 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 price of attendance at Grand Canyon University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Grand Canyon University offer, and what will you qualify for? Read on for more information. Scroll down to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Grand Canyon University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Grand Canyon University, 98% of first-year full-time students received aid of some kind approximately 6826 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $9,861 |
| Institutional grants & scholarships | 93% | $7,967 |
| Federal Pell grants | 34% | $5,823 |
| State/local grants | 0% | $818 |
| Federal student loans | 55% | $5,377 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Grand Canyon University, approximately 74% of undergraduate students received gift aid averaging $8,420 (for some 52373 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $8,420 |
| Federal Pell grants | 46% | $5,733 |
| Federal student loans | 53% | $7,759 |
Title-IV recipients living on campus saw average grant aid of $10,230.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,710 |
| $30,001 – $75,000 | $20,653 |
| Over $75,000 | $24,098 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,472 |
| Off-campus title-IV students | $21,931 |
For a personalized estimate based on your family’s financial situation, use Grand Canyon University’s net price calculator: www.gcu.edu/tuition-and-financial-aid.
The middle student in the debt distribution at Grand Canyon University owes $12,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $22,114 |
| Typical 10-year monthly payment (graduates) | $234.45/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Grand Canyon University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,250 |
| 25th percentile | $4,977 |
| 75th percentile | $20,313 |
| 90th percentile (highest-debt students) | $34,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,764 |
| Middle income | $13,842 |
| High income | $15,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $13,301 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $12,670 |
The figure below distills the debt data into a single burden category for Grand Canyon University.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Grand Canyon University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 390682 |
| Total Stafford loan amount | $9,579,729,145 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 5159 |
| Total GI Bill amount | $31,299,659 |
| Average GI Bill amount per recipient | $6,067 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4611 |
| Total DoD amount | $12,360,337 |
| Average DoD amount per recipient | $2,681 |
References
More about our data sources and methodologies.