Scholarships, Grants, and Loan Trends at GCU

3%

Received Percent Changed

-$165

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 39,160, which is 71.78 % of all undergraduate students. 30,957 students which is 57.56% of undergraduate students received federal student loans and the average loan amount is $8,109.

For full-time, first-time beginning students (freshmen), 98.33% of students received grants or scholarships and 65% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Grand Canyon University since 2014.

For that period, the average number of students who received grants aid/scholarships is 39,160, which is 71.78 % of all undergraduate students. 30,957 students which is 57.56% of undergraduate students received federal student loans and the average loan amount is $8,109.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1527,672 (70%)$7,90918,805 (48%)$5,07425,239 (64%)$8,025
2015-1629,858 (69%)$7,91319,809 (46%)$5,03625,835 (60%)$7,772
2016-1731,968 (69%)$7,73620,603 (45%)$5,12326,996 (58%)$7,813
2017-1835,050 (71%)$7,07422,887 (46%)$4,36329,446 (59%)$8,396
2018-1938,515 (71%)$7,32224,607 (45%)$4,64531,656 (58%)$8,379
2019-2042,420 (72%)$7,68326,291 (45%)$4,74833,958 (58%)$8,471
2020-2145,262 (71%)$7,50427,481 (43%)$4,79835,046 (55%)$8,251
2021-2252,628 (80%)$7,18328,023 (43%)$4,82934,713 (53%)$8,043
2022-2349,071 (73%)$7,74428,766 (43%)$5,11335,720 (53%)$7,831
Average39,160 (71.78%)$7,56324,141 (44.89%)$4,85930,957 (57.56%)$8,109
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 4,206 (98.33 % of students) received grants or scholarships and its average amount is $10,218. It can cover 55.21% of tuition & fees ($18,508).

In addition, 2,666 (65.33 % of students) students get helped from the students loans (average amount : $7,218).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,991 (98%)$11,4101,498 (73%)$7,189
2015-162,408 (98%)$10,0531,764 (72%)$7,204
2016-172,325 (98%)$10,1811,646 (69%)$7,266
2017-182,329 (97%)$9,8551,669 (70%)$7,135
2018-192,690 (99%)$9,9331,853 (68%)$7,167
2019-205,647 (99%)$11,3373,538 (62%)$7,254
2020-216,591 (100%)$10,2253,996 (60%)$7,010
2021-226,609 (98%)$9,6623,920 (58%)$7,238
2022-237,268 (98%)$9,3084,109 (56%)$7,503
Average4,206 (98.33%)$10,2182,666 (65.33%)$7,218
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 1,488 (37.33 % of students) received Pell (federal) grants and its average amount is $4,847.

In addition, 33 students received State/local government grants/scholarships (1.40 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15908 (45%)$4,513120 (6%)$1,1058 (0%)$8761,942 (95%)$9,516
2015-161,028 (42%)$4,530168 (7%)$1,08719 (1%)$8952,352 (95%)$8,227
2016-17959 (40%)$4,504310 (13%)$1,04758 (2%)$6722,302 (97%)$8,248
2017-181,042 (43%)$4,839298 (12%)$1,02930 (1%)$7852,278 (95%)$7,717
2018-191,074 (39%)$4,892289 (11%)$97458 (2%)$8792,658 (98%)$7,951
2019-201,856 (33%)$4,9085,004 (88%)$97121 (0%)$8575,545 (98%)$9,023
2020-212,244 (34%)$5,0045,752 (87%)$66328 (0%)$8086,439 (97%)$8,127
2021-222,038 (30%)$5,1282,088 (31%)$78336 (1%)$8066,500 (97%)$7,960
2022-232,242 (30%)$5,3081,088 (15%)$90735 (0%)$8297,149 (97%)$7,656
Average1,488 (37.33%)$4,8471,680 (30.00%)$95233 (1.40%)$8234,129 (96.56%)$8,269
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 2,666 (65.33 % of students) get any students loan help and its average loan amount is $2,666.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-151,498 (73%)$7,1891,494 (73%)$6,56590 (4%)$10,682
2015-161,764 (72%)$7,2041,754 (71%)$6,325161 (7%)$10,025
2016-171,646 (69%)$7,2661,625 (68%)$6,233173 (7%)$10,581
2017-181,669 (70%)$7,1351,660 (69%)$5,760201 (8%)$11,675
2018-191,853 (68%)$7,1671,837 (67%)$5,587275 (10%)$10,974
2019-203,538 (62%)$7,2543,507 (62%)$5,541529 (9%)$11,782
2020-213,996 (60%)$7,0103,943 (60%)$5,346536 (8%)$12,937
2021-223,920 (58%)$7,2383,872 (58%)$5,275606 (9%)$13,118
2022-234,109 (56%)$7,5034,055 (55%)$5,273681 (9%)$13,870
Average2,666 (65.33%)$7,2182,639 (64.78%)$5,767361 (7.89%)$11,738

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