Grand Canyon University Student Loans

Guy studyingA private, Christian university with flexible scheduling options, Grand Canyon University is nestled on 100 acres in the middle of picturesque Phoenix, Arizona. Students pursue bachelor’s, master’s, and doctoral degrees while enhancing their Christian values and ethics as they relate to the workforce and beyond. A vibrant community made up mainly of young adults under the age of 22, with a heavy female population, Grand Canyon University students engage in a variety of student activities, events, and athletics in addition to their academic coursework. Students generally live on or near campus and classes have a low 22 to 1 teacher-to-student ratio, creating a close-knit and cohesive community.

Tuition and Fees

Budgeting for college means calculating all of the costs associated with attendance. This total amount you will spend on everything is called your total cost of attendance, or COA, and should be used to determine how much your higher education goals will cost overall. You will need to take into account not only tuition and school fees for your chosen program, but also room and board, transportation costs, books and supply expenses, and personal incidentals.

Each program or field of study may have specific and additional fees as well. You should also budget for around at least $2,000 a year for books and supplies. The Net Price Calculator can help you estimate your COA at Grand Canyon University.

Housing and Transportation Costs

Student residence hall rates for the 2015-2016 academic year on Grand Canyon University campus range from $3,350 to $5,000 per year, and Grand Canyon University apartments range from $5,200 to $6,000 and $10,400 for a married unit per academic year. If you live on campus, you will also be required to purchase a meal plan. The minimum residence hall meal plan is Canyon $1,350 Dining Dollars for $1,350. You can save money by purchasing Canyon $1,800 Dining Dollars for $1,750 or Canyon $2,100 Dining Dollars for $2,000. Apartment and remote housing students must purchase at least the Canyon $500 Dining Dollars plan. These meal plans are good for purchasing meals at a variety of locations on campus.

If you have a car on campus, you will need a parking pass, and lots are divided by color. Be sure you have the correct permit to avoid additional fees. If you do live off campus, several commuter-related incentives are available for carpooling or using alternative travel methods. The Grand Canyon University Commuter Student page has more details on the current offerings. Personal incidental costs can vary greatly. Buying a meal plan and sticking to it may help you keep your personal costs downs. Be sure to budget for living, however. Student athletic events and recreational activities do cost some money, and you will want to be prepared.

Tips for Saving Money

You should consider buying your textbooks used and reselling them at the end of each semester for some quick cash as well.

Members of the various branches of the U.S. Military as well as U.S. Armed Forces veterans (and their dependents or spouses in some cases) may be eligible for Military Tuition Assistance programs. Check with a military enrollment counselor to discuss all of your options. Potential students should take advantage of any all private and non-profit organizations offering scholarships or grants that are essentially free money that doesn’t have to be paid back. These will all have different criteria and their own application process, so you should contact them directly.

Grand Canyon University (GCU) offers two types of scholarships based on merit. GCU Direct Start Scholarships for 2015-2016 academic year are awarded to students who graduate high school between December 2014 and June 2015 and then enroll at GCU for the fall 2015 semester. Award amounts range between $3,750 and $9,750, depending on your GPA. Indirect-Start Scholarships are for students that don’t immediately enter GCU after graduating high school, and awards range between $2,750 and $5,750 for students with qualifying GPAs.

Financing for Grand Canyon University

Financing your college education may take many forms. One of these may be to seek forms of financial aid in order to help afford the costs. In order to apply for financial aid at Grand Canyon University, you will need to fill out your Free Application for Federal Student Aid (FAFSA) to determine your eligibility. You will need to create a FSA ID in order to complete your FAFSA online. This is simple and only requires your name, date of birth, and Social Security number. This acts as a digital signature to electronically sign legal documents. It will also grant you access to your federal financial aid records, and you should be careful to keep it in a safe place and not share it with anyone. The FAFSA uses your personal information to calculate your expected family contribution (EFC) in order to determine what type of aid you may qualify for. This calculation may be used for federal, state, or institutional financial aid purposes.

Eligibility for federal financial aid requires that you be a high school graduate, have a GED or equivalent home school diploma, as well as be enrolled as a regular student in a degree- or certificate-granting program at a participating school. You also cannot have any federal loans in default, and you must sign an agreement to use any funds awarded to you for the purposes of funding your education and related expenses. Once your FAFSA has been processed, both you and your school will receive notification, and the school will determine how much aid money you should receive, which cannot exceed your total cost of attendance at Grand Canyon University. You then need to accept your aid package before you can receive your award.

Funds are typically disbursed at least twice a year directly to the school to cover your tuition and fees as well as room and board. Any remaining funds will be refunded to you directly to pay for any additional educational expenses. You are required to maintain satisfactory academic progress (SAP) as determined by GCU to remain eligible for financial aid.

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