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National Application Center :: campus tours :: Cornerstone University costs & financial aid

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Cornerstone University

Cornerstone University
1001 East Beltline Avenue, NE
Grand Rapids, MI 49525

Official telephone: (616) 949-5300
Fax number: (616) 222-1515
Website: www.cornerstone.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2014 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Carol Carpenter,
Director of Student Financial Services
Contacting the office: 616 222-1424
800 787-9778 (toll free)
616 222-1400 (fax)
financial.aid@
cornerstone.edu
FAFSA number: 002266

EXPENSES
Undergraduate tuition: $26,490; $26,490 out-of-state
Additional required fees: $370
Book fees: $1,000
Miscellaneous expenses: $2,812
Combined room and board expenses: $8,810

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1yesN/A

Date award notification begins: March 1
Applied for financial aid:
93% of first-year students
91% of full-time undergraduates
54% of part-time undergraduates
Determined to have financial need:
92% of first-year students
91% of full-time undergraduates
71% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
91% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
79% of first-year students
82% of full-time undergraduates
80% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
9% of first-year students
9% of full-time undergraduates
0% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
12% of first-year students
14% of full-time undergraduates
0% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
71% for first-year students
68% for full-time undergraduates
31% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$20,881 for first-year students
$19,871 for full-time undergraduates
$6,999 for part-time undergraduates
Average need-based gift award:
$17,642 for first-year students
$18,814 for full-time undergraduates
$3,924 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,496 for first-year students
$4,232 for full-time undergraduates
$3,844 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,496 for first-year students
$4,232 for full-time undergraduates
$3,844 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
15% of first-year students
17% of full-time undergraduates
5% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$10,614 for first-year students
$9,356 for full-time undergraduates
$4,000 for part-time undergraduates
Students who received a non-need-based athletic award:
8% of first-year students
5% of full-time undergraduates
2% of part-time undergraduates
Average non-need-based athletic award:
$5,280 for first-year students
$5,575 for full-time undergraduates
$3,000 for part-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • College/University Loans
  • private/alternative loans.
Percent of undergraduates who have borrowed through all loan programs: 80%
Average student debt upon graduation: $27,919
Types of payment plans:
  • deferred payment plan
  • school's own payment plan(s)
  • Advanced Education Services.
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • athletic scholarships
  • ROTC scholarships
  • music and urban scholarships/grants.

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