by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Wabash College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Wabash deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Wabash College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Wabash College, 100% of the incoming full-time class was awarded financial aid roughly 229 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $39,605 |
| Institutional grants & scholarships | 100% | $36,960 |
| Federal Pell grants | 21% | $5,596 |
| State/local grants | 13% | $9,644 |
| Federal student loans | 66% | $5,273 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Wabash, approximately 99% of undergrads got grants or scholarships worth on average $40,300 (across approximately 839 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $40,300 |
| Federal Pell grants | 24% | $5,515 |
| Federal student loans | 62% | $6,414 |
On-campus students receiving title-IV aid were awarded grants averaging $40,808.
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 | $15,677 |
| $30,001 – $75,000 | $14,947 |
| Over $75,000 | $26,659 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $24,336 |
| Off-campus title-IV students | $21,906 |
For an estimate tailored to your family circumstances, see Wabash’s online cost calculator: www.wabash.edu/admissions/finances/npc.
A typical borrower at Wabash leaves with $24,855 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $24,855 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Wabash.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $14,332 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $21,500 |
| Middle income | $23,073 |
| High income | $26,868 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $25,083 |
| Continuing-generation students | $24,095 |
A handful of calculated indicators summarize the debt outlook at Wabash.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Wabash:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3135 |
| Total Stafford loan amount | $52,084,915 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $78,536 |
| Average GI Bill amount per recipient | $26,179 |
References
More about our data sources and methodologies.