by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to University of Mary Washington can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will UMW offer you, and what will you qualify for? Read on for more information. Keep reading to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from University of Mary Washington.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At University of Mary Washington, 99% of the incoming full-time class was awarded financial aid roughly 729 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $10,491 |
| Institutional grants & scholarships | 94% | $5,720 |
| Federal Pell grants | 21% | $5,685 |
| State/local grants | 34% | $10,991 |
| Federal student loans | 30% | $5,117 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At UMW, around 72% of undergraduates were awarded an average grant or scholarship of $9,859 (across roughly 2607 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $9,859 |
| Federal Pell grants | 21% | $5,493 |
| Federal student loans | 29% | $6,470 |
On-campus students receiving title-IV aid were awarded grants averaging $10,470.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,570 |
| $30,001 – $75,000 | $16,554 |
| Over $75,000 | $28,378 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,667 |
| Off-campus title-IV students | $21,108 |
For a personalized estimate based on your family’s financial situation, use UMW’s net price tool: adminfinance.umw.edu/umwstatic/financialaid/NetPriceCalculator/npcalc.htm.
The middle student in the debt distribution at UMW owes $16,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,250 |
| Median federal debt (graduates only) | $20,500 |
| Typical 10-year monthly payment (graduates) | $217.33/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at UMW.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,250 |
| 25th percentile | $6,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $28,735 |
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 | $17,000 |
| Middle income | $16,125 |
| High income | $15,700 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,927 |
| Continuing-generation students | $16,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,500 |
| Independent students | $18,609 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. UMW.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at UMW:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10306 |
| Total Stafford loan amount | $172,945,779 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 204 |
| Total GI Bill amount | $2,295,020 |
| Average GI Bill amount per recipient | $11,250 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $6,000 |
| Average DoD amount per recipient | $2,000 |
References
More about our data sources and methodologies.