SVSU Financial Aid 2021-22

SCHOLARSHIPS & FINANCIAL AID

PRESIDENT BACHAND’S At Saginaw Valley State University, we are committed to providing an education built on the powerful twin pillars of opportunity and affordability.

For an affordable price, our students receive endless opportunities to pursue their career ambitions. Our commitment to providing an affordable education includes student access to financial support resources.

We understand the real financial challenges our students face and remain committed to working with you to meet those needs. We admire your remarkable determination and look forward to preparing you for a successful future.

Our future as a university depends on the success of our students and alumni; many graduates who arrived here from modest means have achieved incredible professional success. We embrace our role in continuing to provide such opportunities for bright and deserving students like you. I look forward to all you will accomplish at SVSU. Sincerely, Donald Bachand SVSU President

THE LOWEST TUITION IN MICHIGAN PAIRED WITH — IN-DEMAND DEGREES

REAL EXPERIENCE

DEDICATED FACULTY

Over 100 graduate and undergraduate degrees offer you incredible options and variety—from criminal justice to neuroscience.

SVSU’s Scott L. Carmona College of Business ranks in the top 5% worldwide.

84% of SVSU students engage in study abroad, field-based learning or volunteer work. Last year, our students gained hands-on experience in 3,000 different placements for internships, competitive research and co-ops.

Every class at SVSU is taught by faculty, 88% of whom hold the highest degree in their field. Learn directly from some of the best professors in the nation — they are not only experts but are also here to support you.

WHERE OPPORTUNITY MEETS AFFORDABILITY AT SVSU

97%

JOB PLACEMENT FOR ALL GRADUATES (2019)

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SVSU IS AN EXTRAORDINARY PLACE WHERE OPPORTUNITY MEETS AFFORDABILITY Of all four-year universities, SVSU has the best tuition rate in Michigan. We are committed to clear and direct communication with our students, meaning no hidden or padded fees once you arrive on campus. When you choose SVSU, we work with you to find scholarships, set up a payment plan and choose the housing and course load options that make the most financial sense for you. For more information, visit svsu.edu/financialaid.

CARDINAL COSTS FOR A MICHIGAN RESIDENT (ESTIMATED) 2021-22 ACADEMIC YEAR

FULL TIME

TUITION

$10,480

BOOKS AND SUPPLIES

$1,100

TOTAL COST OF TUITION AND BOOKS

$11,580

Full-time students take an average of 14 credit hours per semester.

(Estimate)

Total cost may vary based on student’s program and courses.

HOUSING & MEALS (OPTIONAL: $11,106)

SVSU was voted to have the best dorms in the nation among public universities (Niche, 2022).

Choose a meal option comprised of weekly meals and declining balance dollars that best fits your needs.

PERSONAL/MISCELLANEOUS (OPTIONAL: $1,200)

At SVSU, freshmen are welcome to bring cars to campus—there are no parking fees.

OUT OF STATE STUDENT/RED & WHITE AWARD

If you live outside of Michigan (within the US) and have a minimum cumulative GPA of 2.5, you can come to SVSU at a significantly reduced out-of-state tuition rate (ESTIMATED TUITION: $11,980) with our Red and White Scholarship.

NON-RESIDENT/INTERNATIONAL STUDENT (ESTIMATED)

Standard tuition for non-resident/international students is $24,639. Standard fees apply.

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CARDINAL TIP:

Complete your Free Application for Federal Student Aid (FAFSA) to receive your maximum financial aid at SVSU. Start here: FAFSA.gov.

List SVSU; our code is 002314.

IT PAYS TO BE A CARDINAL!

Determine how financial aid and your expected family contribution may offset your Cardinal costs.

Take the Cost Quiz! svsu.edu/costquiz The Saginaw Valley State University Cost Quiz is a net price calculator used for estimating your costs as an incoming first-time college student for fall 2022. Go online and calculate your aid estimate immediately to see what you may already qualify for at SVSU.

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GUARANTEED SCHOLARSHIPS Students will be awarded the top academic scholarship that they qualify for based on their cumulative high school GPA.

ACADEMIC SCHOLARSHIPS

GPA REQUIRED

Renewable 4-year awards toward your first degree

NO TEST REQUIRED

HAVE A LIVING ANNUAL SCHOLARSHIP ON CAMPUS? GREAT TEST SCORE? AMOUNT RENEWABLE

FOUNDER’S

4.0+

$5,000

DEAN’S

3.75+

$4,000

CARDINAL

3.5+

$3,000

3.25+

$2,000

3.0+

$1,000

UNIVERSITY FACULTY

4-YEAR AWARD

(1380+ SAT/ 31+ ACT)

Get an extra $1,500 Valley Housing Scholarship to help pay for on-campus housing.

Get an extra $1,500 Academic Excellence Scholarship for your freshman year.

PRESIDENT’S SCHOLARSHIP 100% tuition!

Students with a 3.9+ GPA who apply to SVSU before December 1 are automatically invited to compete for our most prestigious award. The final selection of recipients is made in February.

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START HERE, SUCCEED HERE.

The majority of students who commute to campus and receive grants, aid or scholarships find that SVSU costs less than attending a community college.

To be considered for all of SVSU’s 1000+ private scholarships, you only have to complete one online form. Scholarships may be awarded based on a number of criteria, including your level of community service, your essay responses and financial need (based on information from FAFSA).

Visit: svsu.edu/scholarships

GET YOUR BEST FINANCIAL AID PACKAGE STARTING OCTOBER 1 • Submit your Free Application for Federal Student Aid (FAFSA) at FAFSA.gov.

• List SVSU: our school code is 002314.

• This will automatically qualify you for SVSU’s GPA-guaranteed scholarships (page 5).

STARTING DECEMBER 1 • The SVSU Private Scholarship Application opens. Visit svsu.edu/scholarships, complete one application, and be considered for over 1000 private scholarships.

• Financial Aid Award letters will be mailed directly to each student.

ANYTIME Schedule a 1-on-1 virtual session online at svsu.edu/financialaid. Financial aid experts at SVSU will help you find your best possible financial aid package.

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FEATURED PRIVATE SCHOLARSHIP

THOMPSON’S PRIVATE SCHOLARSHIP $5,000 EVERY YEAR FOR 4 YEARS

Requirements: • Incoming freshman • 3.5+ GPA • Demonstrated financial need via a FAFSA Expected Family Contribution of $12,000 or less • History of extracurricular activity and community service Optional Consideration: Students with an 1120+ SAT or 24+ ACT will receive preference in the selection process

To apply, visit: svsu.edu/thompson 7 svsu.edu/financialaid

“My parents do an amazing job supporting me in any way that they can, but paying for my college was not in the cards. I knew I needed to work hard, but I also knew that I had great support from SVSU financial advisers and admissions representatives. The financial aid package was actually one of my biggest deciding factors in choosing SVSU. Compared to other universities, it was the best value and offered the most aid. It made SVSU the best option for me.”

— Tyler Boylen, Thompson Scholar

CARDINAL TIP

SVSU offers over 1000 private scholarships.

To explore and apply, visit svsu.edu/scholarships

FEATURED SVSU GRANT

SAGINAW VALLEY OPPORTUNITY GRANT (SVOG) Your college dream does not have to be deferred due to financial constraints.

SVSU offers the SVOG grant of up to $6,000 every year for four years, based upon financial need. Your final SVOG amount awarded will be based on your total financial aid package.

UP TO $5,000 EVERY YEAR FOR 4 YEARS

UP TO $6,000 EVERY YEAR FOR 4 YEARS

Requirements: • Commuter • Incoming freshman • Demonstrated financial need via the FAFSA Expected Family Contribution • For renewal, a student must maintain a 2.0 SVSU cumulative GPA

Requirements: • Campus resident • Incoming freshman • Demonstrated financial need via the FAFSA Expected Family Contribution • For renewal, a student must maintain a 2.0 SVSU cumulative GPA

To see if you qualify for the Saginaw Valley Opportunity Grant, simply complete your FAFSA and list SVSU. Our school code is 002314.

CARDINAL TIP

Go online and calculate your aid estimate immediately. Visit svsu.edu/costquiz to find our online net price calculator and see what aid you may already qualify for at SVSU.

1

OUT OF

2

SVSU students receive the SVOG Grant

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FEATURED SVSU GRANT

THE SVSU CARDINAL COMMITMENT — FREE TUITION You deserve to make your dreams a reality and SVSU is committed to helping you get there. This is why we offer The SVSU Cardinal Commitment. This means that your basic tuition costs will be covered.

After applying scholarships and need based aid, Saginaw Valley makes up any difference in tuition for up to four years. This is for first-time in college students who have a Family Adjusted Gross Income of $50,000 or less.

TO SEE IF YOU QUALIFY:

APPLY NOW:

• You must have a family adjusted gross income of $50,000 or less and combined assets of less than $50,000.

• You must be a Michigan resident • Complete your FAFSA (SVSU’s Code: 002314) • Enroll full time as an incoming freshman student for fall and winter.

1. Apply to SVSU today — Applying is easy and it’s FREE 2. Complete your FAFSA (SVSU’s Code: 002314) 3. You will receive a Financial Aid Award Letter email notification. If eligible, this award letter will reflect the SVSU Cardinal Commitment.

Learn more about additional SVSU Cardinal Commitment requirements at svsu.edu/cardinalcommitment.

If your family income is more than $50,000, we can still help!

Although you may not qualify for this program, you may still be eligible for additional scholarships and grants. Over 90% of SVSU students receive scholarship and/or financial assistance other than loans.

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UNDERSTANDING YOUR FINANCIAL AID PRIVATE SCHOLARSHIPS

GRANTS

In addition to the academic scholarships provided by the university, SVSU offers a number of private scholarships according to major, leadership ability, extracurricular interests, athletics, etc. You apply once to be considered for all private scholarships after completing your FAFSA. Just visit svsu.edu/ scholarships. In addition, there are local and national scholarships for which you can apply (sometimes covering the full scope of tuition). Talk to your high school guidance counselor for details.

Grants are awarded for financial need and ability to benefit. There are a number of federal grants you may be eligible to receive. You must fill out the FAFSA to receive a grant. SVSU school code: 002314

RANGE: Up to $5,000 NEED TO REPAY: No

WORK-STUDY & STUDENT EMPLOYMENT HOURLY RATE: Variable

Work-Study programs and student employment (for research, tutoring, administrative support, etc.) help offset your college costs. You must fill out the FAFSA to qualify for a Work-Study program.

RANGE: Up to $13,995 a year NEED TO REPAY: No

LOANS

RANGE: Up to $5,500 or $9,500 a year NEED TO REPAY: Yes Students can take out both subsidized and unsubsidized loans. For subsidized loans, the federal government pays all interest until you are out of college. For unsubsidized loans, interest begins accruing immediately, but you do not need to make payments until after you have graduated. You must fill out the FAFSA to qualify for a loan. Parents are also eligible to apply for a Federal Direct PLUS loan to help meet their student’s costs.

UNDERGRADUATE PAYMENT PLAN

An Undergraduate Payment Plan allows students to spread their educational expenses over four interestfree monthly payments for each semester. You may wish to use the Payment Plan in combination with scholarships, financial aid or student loans to cover any remaining balance owed. For convenience, set up an automatic payment option from your checking or savings account (U.S. financial institutions only) to save time and avoid any late fees, or log in to my.svsu.edu when payment is due and issue payment via Echeck or credit/debit card. A $75 enrollment fee is required each semester a payment plan contract is established.

To learn more on how to enroll for your payment plan, visit: svsu.edu/paymentplan

Prospective students may review our consumer information regarding general information about the university, financial assistance available to enrolled students, students’ rights about FERPA, the institution’s annual campus security report, completion or graduation rates, the completion and graduation rates of student athletes and information about athletic program participation rates and financial support on our scholarship and financial aid web site at svsu.edu/cfsc. To obtain a paper copy of all or parts of our consumer information, or if you need help obtaining information, please contact the Campus Financial Services Center, 131-A Wickes Hall, or call (989) 964-4900.

7400 Bay Road • University Center, MI 48710

IF YOU NEED SUPPORT, THE SVSU FINANCIAL AID OFFICE IS HERE FOR YOU! SVSU financial aid experts are here to walk you through every step of the process. You can ask us any question, check in on any deadline or explore different payment options. We work for you and we will make this process as smooth as possible. Schedule a 1-on-1 virtual session online. We look forward to helping you!

Visit svsu.edu/financialaid or call 989.964.4900

90% 2021 1000+ 30% of SVSU’s students receive a scholarship and/or financial assistance other than loans

SVSU tuition is the lowest of all 4-year schools in the state of Michigan.

private scholarships available in addition to academic scholarships

of SVSU students graduate with no debt at all

SVSU will provide reasonable accommodations for those persons with disabilities. Individuals who wish accommodations should contact the Conference Center at SVSU at (989) 964-4348 at least three days prior to the event. SVSU does not discriminate based on race, religion, color, gender, sexual orientation, national origin, age, physical impairment, disability, or veteran status in the provision of education, employment and other services.