College Factual  by our College Data Analytics Team
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What Washington and Lee Fin Aid Will You Get?

The majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.

However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.

Covered on this Page:

How Much Financial Aid Can First-Time Students Expect at Washington and Lee?

Washington and Lee University average financial aid offer for freshmen students is $46,752.00. Financial aid is provided to about 67% of first-year students, with the bulk of support coming in the form of grants and scholarships.

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Reducing the Cost of College

Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.

What About College Loans?

Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Washington and Lee University.

Amount of Washington and Lee Scholarships & Grants

Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.

The numbers listed below make reference to help that is offered by Washington and Lee University.

52% of incoming freshmen (240 total) were given scholarships at Washington and Lee University, averaging $51,401.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.

As well as scholarships, 11% of freshmen (51 total) received a federal grant, for about $7,001.00 a person.

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Amount of Financial Assistance By Income Level

The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k2.38%$73,695.00
Income 30k-48k1.30%$73,050.00
Income 48k-75k6.06%$67,395.00
Income 75k-110k2.38%$60,040.00
Income 110k +13.42%$31,897.00

Title IV Aid

The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.

The Typical Undergrad Who Gets a Scholarship or Grant Will Get $46,752.00.

Of the 462 undergraduate students at Washington and Lee University around 67% (278 total) receive some form of grant aid. The typical amount awarded was $46,752.00.

Inquiring About the Expenses Associated with Tuition and Fees?

Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.

Notes and References

References

More about our data sources and methodologies.

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