Grace University
Omaha, NE 68108-3629

Financial Aid

$11,316
Average Institutional Grant
2016-2017

In the 2016-2017 academic year, full-time freshman students of Grace University were awarded a total amount of $928,230 in grant and $251,045 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. 66% 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 29 41% $4,304 $124,803
Other Federal Grant 20 28% $398 $7,950
State Grant/Scholarships 12 17% $1,223 $14,674
Institutional Grant/Scholarships 69 97% $11,316 $780,803
Total Grant & Scholarships 70 99% $13,260 $928,230

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 47 66% $5,341 $251,045
Private Loans 10 14% $8,352 $83,521
Total Loans 47 66% $7,118 $334,566

Student Loan Default Rate

7%
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 Grace University 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 128 9 7%
2013 164 5 3%
2012 159 5 3%
  • 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 - Grace University's default rate
  • State Avg. - Nebraska'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 Grace University 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

$18,346
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 Grace University. 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$15,158
$30,000 to $48,000$19,875
$48,000 to $75,000$19,255
$75,000 to $110,000$17,602
Over $110,000$19,270
Get your personal estimate

Veterans and Service Members

$8,429
Average Financial Aid
2016-2017

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

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

March 1

  • Financial aid application (priority)

April 1

  • Financial aid application (regular)

Campus Location

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