Resources

Grand View is dedicated to providing financial assistance that, based on available resources, ensures equal access to Grand View for all individuals seeking admission.

Grand View's financial aid letter is your official notification of the amount of financial aid available through Grand View’s Financial Aid Office. The financial aid letter, while not a commitment of funds, is also an initial indication of funds from the Iowa Tuition Grant, Federal Pell Grant, and any aid funded by individuals or agencies other than Grand View's Financial Aid Office.

Your financial aid letter is extremely important. Your aid will not be applied to your billing account until you have accepted the aid. New students, if you wish to accept this aid offer, you should sign one copy of the award letter (the second copy is for your records) and submit it to the Financial Aid Office no later than 20 days from the receipt of this letter. Accepting the financial aid by the due date reserves funding in your name. Grand View does not guarantee that funds will be available to you beyond the due date. Grand View supports the National Candidate Reply Date, which allows admitted students to choose, without penalty, among offers of admission and financial aid until May 1. After March 1 you may log into Grand View’s intranet, myView.  Select Finances > Financial Aid > Accepting Your Financial Aid. 

Current Grand View students accepting financial aid  can now be done on myView. You will be notified by the Financial Aid Office via email each time a new or revised financial aid letter is completed.

Follow the steps below to accept/decline your financial aid and make sure all requirements needed to finalize your financial aid package are completed. On the myTools menu, click on 'Financial Aid' to display the Financial Aid menu of options. Click on the 'Online Award Letter' option. Click on the year 2013.

Accept or decline your financial aid by clicking on the Accept/Decline link that you'll find next to the right of each award on your Online Award Letter. You can also click on the 'Accept/Decline Awards' on the myTools Financial Aid menu to go directly to the Accept/Decline process. Clicking on 'Accept/Decline Awards' will open yet another tab within the myView portal.

Your financial aid letter is designed to give you a complete summary of your financial assistance.  You may request a paper copy of the award letter from finaid@grandview.edu .  If you have any questions regarding the amount of aid to which you are entitled, please contact the Financial Aid Office at (515) 263-2820 or finaid@grandview.edu.

Grand View Scholarships and Grants

Federal Government Grants

State of Iowa Grants

Outside Sources of Aid

Work-Study Program

Student Loans

Additional Loan Opportunities

In addition to many types of financial aid available, tax credits and tax benefits are available to help families manage the cost of education. Some of the programs available are listed. Consult a tax advisor for detailed information or go to http://www.irs.gov and review publication 970. These credits and tax benefits were subject of debate in recent federal legislation.

American Opportunity Credit
For 2011, you may be able to claim an American opportunity credit of up to $2,500 for qualified education expenses paid for each eligible student. A tax credit reduces the amount of income tax you may have to pay. Forty percent of the American opportunity credit may be refundable. Please review IRS publication 970.

The Lifelong Learning Credit
This program provides tax credits to students who are beyond their first two years of college, with a family maximum annual value of $2,000. Family income restrictions apply. Please review IRS publication 970.

Interest Deduction
Within certain limitations, interest on student college loans is now tax deductible, up to $2,500. Please review IRS publication 970.

Tuition and Fees Tax Deduction
The tuition and fees tax deduction can reduce taxable income by as much as $4,000. Family income restrictions apply. Please review IRS publication 970.

Coverdell Education Savings Account
Families now can establish IRA accounts designated for educational purposes and contribute up to $2,000 per year. Earnings in educational IRAs will accumulate tax-free, with no taxes due upon withdrawal if the money is used to pay any out-of-pocket college costs (those costs not covered by the student’s financial aid package).

College Savings Iowa (529 Plan)
This program allows Iowa taxpayers to contribute to accounts for college-bound students and deduct the contributions on their Iowa taxes. For more information, visit the College Savings Iowa Web site: www.collegesavingsiowa.com.

Direct costs, including tuition, fees and room/board [if applicable], are charged directly to your Grand View account. These costs are listed in the link below.

2013-2014 Tuition and Fees

In addition to direct costs, allow for the following indirect expenses:

• Books/Supplies - These expenses vary each semester and largely depend on your individual needs and program of study. On average, full-time undergraduate students spend about $900/year ($450/semester) on books and supplies. Graduate students have an estimated $777 during a 12-month period for books and supplies.

• Personal/Transportation - Personal costs vary according to personal circumstances and spending habits. Transportation costs vary depending upon your state of legal residence and whether you live on-or off-campus. For financial aid purposes, Grand View estimates personal costs at $2,152 and transportation costs from $600 to $1,440 for undergraduate students. For graduate students, the estimated personal costs are $3,228 and estimated transportation costs are $2,160 for a 12-month period.

• Off-campus Room/Board - Costs for off-campus room and board vary depending upon dependency status and type of living arrangement (i.e., with parent, in an apartment). Typical costs range from $2,108 to $9,674 for the nine-month academic year for undergraduate students. Room/board for graduate students is estimated at $11,394 for a 12-month period.

All scholarships and grants that you have accepted will be credited to your university bill no sooner than 10 days prior to each term/semester as long as all needed requirements have been met, including at least half time enrollment. Federal and private loan funds as well as grant funds received from outside agencies can't be credited to your university bill until Grand View has received the funds from the respective agency and all needed requirements, including at least half time enrollment, have been met. Prior to the start of each semester, the Grand View Business Office will send the student a statement showing account activity, including pending financial aid. Charges are assessed to the student account at the time of registration and are due by the end of the first week of class. Statements are mailed to students and are available online for students at myView > myTools > Financial Information > Current Statement. Monthly statements can be mailed to parents upon request.

Payment Options
The net amount owed to Grand View must be paid in full (by cash, check, VISA, MasterCard, Discover Card or American Express) prior to the due date listed on the billing statement.

Online payment options
Students may pay their bill through Grand View's online payment system. It is secure, convenient and easy to use. All online credit card payments will be assessed a 2.5% service fee. The site is located on myView > myTools > Financial Information > Pay on My Account or at this URL: https://myview.grandview.edu/finances/busoff/default.aspx
 
Parents and third party payers may also make a payment on a student's account at www.grandview.edu>Make a Payment quick link.  The payer will need to reference the name and date of birth of the student for which you are submitting payment. For further details, please review the information HERE. The payment site URL is https://ipayvirtual.eposasp.com/?ID=1009

Payment Arrangement
Grand View partners with Official Payments to offer a secure, convenient and interest-free way to automatically withdraw payments from your banking account or credit card over the course of the semester.  The GV Payment Plan option allows students to divide the total amount due from the billing statement into three, four, five or six installments per semester.  Access to those payment plans is available through Official Payments using this URL: https://payplan.officialpayments.com/Default.aspx.  Depending on the plan selected, an enrollment fee of $30 to $50 will be assessed.  This fee allows for the deferment of tuition throughout the semester and waives late fees on the outstanding balance as long as the account remains in good standing.

ALL BALANCES REMAINING UNPAID as of the due date WILL BE ASSESSED A 1.5% LATE PAYMENT FEE PER MONTH. Further registration will not be allowed and transcripts will be withheld until balance is paid in full.

Verification

Federal regulations require that designated applicants for need-based financial aid must complete a verification process. Students may be selected for this process by the U.S. Department of Education or by Grand View. If you are selected for the verification process, you are required to provide Grand View with supporting documents (i.e., copies of your parents’ (if applicable) and your federal tax transcript from the IRS, verification worksheet, etc.) that confirm the information reported on the FAFSA. It is important to provide Grand View with any requested materials as soon as possible.

Your financial aid package is not final until all requested materials have been submitted to the Financial Aid Office.

Your financial aid award is subject to change if verification procedures result in a different calculation of need. If you are selected for verification, financial aid will not be posted to your university bill until the process has been completed. Any changes to this calculation will result in the student receiving a new student aid report (SAR). Students may receive a revised financial aid award letter if the change affects eligibility for federal or state funding.

Completion Rate Requirements for Undergraduate Students

Completion Rate and GPA Requirements for Graduate Students

Tuition Refunds

Room and Board Refunds

Student Fees

It is Grand View's policy that students enrolled in a graduate program will be considered half-time for any term in which their enrollment is at least five hours. Nine credit hours are considered full-time enrollment.

Therefore, students will be eligible for federal loans for terms in which their enrollment is at least half-time (five hours). First year graduate students will have the loans for the academic year disbursed in three equal installments; fall, spring and summer. The actual disbursement date is determined by the day students begin enrollment in the fifth credit hour for that term. Second year graduate students will have loans for the academic year disbursed in two equal installments, since summer is typically less than half-time. Plan to save the refund from spring to pay for summer.

Grand View’s financial aid policies give priority financial aid consideration to full-time day students who enroll in at least 12 credit hours per semester and who have filed for financial assistance. Part-time students, those enrolled for 3-11 credit hours, who have filed a FAFSA, may be eligible for the following types of financial aid:

1. Federal Pell Grant - If you are an undergraduate student who has not received a previous baccalaureate degree, you may receive a pro-rated award determined by your specific enrollment status. Students enrolled in one or more credits may be eligible for the Federal Pell Grant. A student may not receive more than 12 full-time semesters or its equivalent

2. Iowa Tuition Grant - If you are an undergraduate student and an Iowa resident enrolled for three to 12 credit hours, you may receive a pro-rated portion of the award that you would be eligible for as a full-time day student with 12 credit hours. A student may not receive more than eight full-time semesters or its equivalent

3. Federal Stafford and Federal Parent Loan for Students (PLUS) - If you are enrolled for six credit hours or more and are admitted to a degree or certificate program, you may be eligible to receive funds from the Federal Stafford and/or PLUS loan programs.

It is Grand View's policy that students enrolled only in Grand View’s mini terms will be considered half-time for any semester in which their enrollment is at least six hours. Semester is equivalent to two terms: Fall Semester (Term 1 and 2), Spring Semester (Term 3 and 4), Summer (Term 5 and 6).

Therefore, students will be eligible for federal loans for terms in which their enrollment in a semester is at least half-time (six hours). The loan for the academic year will be disbursed in equal installments at the beginning of each term. The amount of the Pell Grant will be prorated based on the weeks of actual enrollment and disbursed at the beginning of each term.

Students who are enrolled in at least one regular semester course in addition to their mini session courses are not subject to the accelerated term policy.

Veteran's Benefits

Summer Aid

Applicants for admission and employment, students, employees, and sources of referral of applicants for admission and employment are hereby notified that Grand View University does not discriminate on the basis of race, color, national origin, sex, age, or handicap in admission or access to, or treatment or employment in, its programs and activities. Any person having inquiries concerning the university's compliance with the regulations implementing Title VI,Title IX, and Section 504 is directed to contact the vice president for administration and finance, 263-2821. The vice president for administration and finance has been designated by Grand View University to coordinate the university's efforts to comply with regulation implementing Title VI, Title IX, and Section 504. Any person also may contact the Assistant Secretary for Civil Rights, U.S. Department of Education, regarding the university's compliance with regulations implementing Title VI,Title IX, and Section 504. 

Financial education can help individuals plan for their future and contribute to a sustainable, vibrant lifestyle during work years and retirement.  Grand View University is committed to making sure that our students understand the basic skills and knowledge they need to remain financially literate.  Below are listed some helpful tools in regards to financial literacy.

• CashCourse is a website created to provide students with information on improving their financial literacy and financial well-being in their daily life. The intent of CashCourse is to help students manage their financial habits and to foster positive management practices.

Visit CashCourse at www.cashcourse.org/grandview

• The American Institute of Certified Public Accountants developed a site www.360financialliteracy.org, with articles and tools appropriate for different stages in life, from childhood through retirement and estate planning.

• MyMoney.gov is the U.S. government's website dedicated to teaching all Americans the basics about financial education. Whether you are buying a home, balancing your checkbook, or investing in your 401(k), the resources on MyMoney.gov can help you maximize your financial decisions.

Visit MyMoney.gov at www.mymoney.gov 

• I Have a Plan Iowa is a interactive site for anyone that has not only Financial Literacy questions, but also has information about Scholarships, Financial Aid, Job Searches, College Planning and much, much more.

You can access the site at www.ihaveaplaniowa.gov/.

Repaying your Loan Calculator and Budget Calculator  To learn about loan repayment choices, work out your Federal loan monthly payment, or determine expenses and income in order to create a budget for college, go to:  https://www.direct.ed.gov/calc.html

Quick Facts

• 1.4 million students graduating from four-year colleges and universities (67 percent of all students) had student loan debt in 2008, up from 1.1 million in 2004.

• Average debt for graduating seniors with student loans rose to $23,200 for graduating seniors, a 24 percent increase from 2004.

• 10 percent of people who graduated in 2007-2008 with student loans had borrowed $40,000 or more.

Source: “Student Debt and the Class of 2008,” The Project on Student Debt, 2009.