Calvin College
Grand Rapids, MI 49546

Financial Aid

$16,273
Average Institutional Grant
2016-2017

In the 2016-2017 academic year, full-time freshman students of Calvin College were awarded a total amount of $17,021,270 in grant and $2,942,942 in federal student loans. 99% of freshman students received some type of financial aid either in the form of grant or scholarship from the federal, state or local government and the institution. 57% of the freshman students received federal student loan.

The following tables details the breakdown of all types of financial aid awarded to full-time undergrad students who entered the college in Fall 2016

Grant & Scholarships

Students Receiving Aid Average Amount Total Amount
Pell Grant 252 27% $4,068 $1,025,188
Other Federal Grant 254 27% $909 $230,974
State Grant/Scholarships 313 33% $1,756 $549,672
Institutional Grant/Scholarships 935 99% $16,273 $15,215,436
Total Grant & Scholarships 935 99% $18,205 $17,021,270

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 536 57% $5,491 $2,942,942
Private Loans 51 5% $14,939 $761,888
Total Loans 540 57% $6,861 $3,704,830

Student Loan Default Rate

2%
Current default rate
Fiscal year - 2014

The following table shows Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) borrowers statistics and default rates for Calvin College from 2012 to 2014 and comparisons between the school's default rates and similar schools in the state and national average.

Default Rate
Fiscal Year Borrowers Defaulters School State Avg. National Avg.
2014 791 17 2%
2013 829 22 2%
2012 793 12 1%
  • Fiscal Year - October 1 to September 30
  • Borrowers - Total number of borrowers who entered into repayment in the fiscal year.
  • Defaulters - Number of borrowers who defaulted in the fiscal year.
  • School - Calvin College's default rate
  • State Avg. - Michigan's 4 year colleges average default rate
  • National Avg. - National average default rate of 4 year colleges

Financial Aid by Income Level

This section details the amount of financial aid provided to Calvin College students over the past 5 years. The data is categorized into 5 income brackets. Click on each income bracket to view the amount of finanical aid provided and the number of recipients for the past 5 years.

Net Price

$25,446
Average Net Price
2016-2017

Weather your family is financially well-off or unaffluent, you might be eligible for some type of financial aid in the form of grant, loan or scholarship. No matter what your situation is, you should first apply for Federal Student Aid (FAFSA). Colleges and universities use the information from your FAFSA and federal tax return to calculate your Expected Family Contribution (EFC). Your EFC determines how much financial aid you're eligible to receive.

This section details the net prices paid by students in the 2016-2017 academic year at Calvin College. The amounts are averaged out for 5 family income brackets.

Here is a simple formula to calculate your net price or use the link below to estimate your net price more accurately.

Net Price = Sticker Price - Financial aid

Financial aid include: federal, state or local government grants and institutional grants and scholarships

Average Net Price by Family Income

Family Income Average Net Price
Less than $30,000$16,882
$30,000 to $48,000$18,002
$48,000 to $75,000$22,370
$75,000 to $110,000$24,431
Over $110,000$30,179
Get your personal estimate

Veterans and Service Members

$18,229
Average Financial Aid
2016-2017

The following section details the amount of financial aid provided to veteran students and their family members at Calvin College.

Unlike other types of government financial aid, veterans financial aid is available to both undergraduates and graduate students.

Post-9/11 GI Bill

Yellow Ribbon Program

Learn more about financial aid for veterans

Financial Aid Deadlines

February 15

  • Financial aid application (priority)

March 15

  • Transfer financial aid application (priority)

August 15

  • Transfer financial aid application

Campus Location

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Nearby Colleges

Nearby 4 year colleges within 100 mile radius of Calvin College.

Aquinas College
2.9 mile away
Cornerstone University
3.4 mile away
Grace Bible College
5.3 mile away
Davenport University
6.3 mile away
Kuyper College
6.4 mile away
Hope College
28 mile away
Kalamazoo College
44.2 mile away