Why Undertanding Financial Aid is Important
Are you aware financial assistance and scholarship or grant qualifications are determined by distinct requirements? Keep reading to find information to help you to understand the amount of aid and scholarships to expect from College of William and Mary.
Common William & Mary FinAid Offer
$26,266 is the normal College of William and Mary's freshman financial aid plan. Around 38.0% of incoming students obtain financial aid, the majority of which is in the form of scholarships and grants.
Loans are a part of financial aid offers, but the only true discount off of the cost of college is a scholarship or grant that you do not have to pay back.
We feel that loan debt should be regarded as an "outcome" instead of "aid". Find more on student loan debt at William & Mary.
How Much Is Available in Grants & Scholarships?
The stats below refer to aid which is provided by College of William and Mary.
33.0% of new students (496 total) were awarded scholarships at College of William and Mary, averaging $15,950 per student. This puts it in the top 40th percentile of all colleges in the country.
139 freshman students were awarded a grant. About 9.0% of William & Mary freshmen got grants with an average of $5,414 each recipient.
See the usual level of scholarships and grants freshmen receive by studying the chart below.
Scholarships are awarded due to special ability or merit, while grants are given due to financial need.
Financial Aid by Income Level
Determine how much grant and scholarship assistance you may expect to receive according to your earnings. The chart below displays freshmen getting federal Title IV aid including PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 3.0% | $29,171 |
| Income 30k-48k | 2.6% | $27,948 |
| Income 48k-75k | 3.1% | $23,392 |
| Income 75k-110k | 4.5% | $13,246 |
| Income 110k + | 9.4% | $3,724 |
The table above displays students who are getting Title IV aid which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
The Average Undergraduate Receiving a Grant or Scholarship Obtains $16,273
47.0% of the 6,214 undergrads at College of William and Mary qualify for some kind of grant aid. A total of approximately 2,921 students receiving an average of $16,273 each.
College of William and Mary Financial Aid Information
| Financial Aid Department Website | www.wm.edu/financialaid/ |
| Net Price Calculator | www.wm.edu/financialaid/ |
