by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at The College of Wooster can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Wooster College provide, and just what are you going to be eligible for? Keep reading for answers. Read on to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from The College of Wooster.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at The College of Wooster, 100% of the incoming full-time class was awarded financial aid around 452 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $47,672 |
| Institutional grants & scholarships | 100% | $45,462 |
| Federal Pell grants | 26% | $5,691 |
| State/local grants | 9% | $4,264 |
| Federal student loans | 46% | $5,210 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Wooster College, approximately 98% of undergrads got grants or scholarships worth on average $42,995 (for some 1834 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $42,995 |
| Federal Pell grants | 21% | $5,569 |
| Federal student loans | 45% | $6,326 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $52,198.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,948 |
| $30,001 – $75,000 | $20,483 |
| Over $75,000 | $31,043 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,458 |
| Off-campus title-IV students | $25,766 |
For an estimate tailored to your family circumstances, see Wooster College’s online cost calculator: wooster.edu/admissions/afford/net-price-calculator/.
The median federal debt load at Wooster College comes to $21,115 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,115 |
| Median federal debt (graduates only) | $26,500 |
| Typical 10-year monthly payment (graduates) | $280.94/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Wooster College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,405 |
| 75th percentile | $27,500 |
| 90th percentile (highest-debt students) | $31,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,789 |
| Middle income | $19,500 |
| High income | $22,736 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $22,024 |
The figure below distills the debt data into a single burden category for Wooster College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Wooster College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5190 |
| Total Stafford loan amount | $76,571,297 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $420,563 |
| Average GI Bill amount per recipient | $38,233 |
References
More about our data sources and methodologies.