by our College Data Analytics TeamA large number of 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 sum total of attendance at Washington College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Washington College offer, and what will you qualify for? Keep scrolling for more information. Read on to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Washington College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Washington College, 100% of new full-time first-years were awarded at least some aid around 230 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $43,485 |
| Institutional grants & scholarships | 100% | $39,062 |
| Federal Pell grants | 27% | $6,152 |
| State/local grants | 19% | $12,807 |
| Federal student loans | 39% | $5,173 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 97% of undergraduate students received gift aid averaging $42,772 (across approximately 890 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $42,772 |
| Federal Pell grants | 23% | $5,302 |
| Federal student loans | 47% | $6,081 |
On-campus students receiving title-IV aid were awarded grants averaging $45,416.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,655 |
| $30,001 – $75,000 | $22,172 |
| Over $75,000 | $35,042 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,898 |
| Off-campus title-IV students | $29,095 |
To project your own net price, use Washington College’s NPC: www.washcoll.edu/admissions/financial-aid/net_price_calculator/net_price_cal_short_code.html.
Graduating students at Washington College carry a median federal student debt of $21,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,000 |
| Median federal debt (graduates only) | $26,956 |
| Typical 10-year monthly payment (graduates) | $285.78/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Washington College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,750 |
| 75th percentile | $24,250 |
| 90th percentile (highest-debt students) | $27,000 |
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 | $20,500 |
| Middle income | $19,500 |
| High income | $21,425 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $21,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Washington College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Washington College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3784 |
| Total Stafford loan amount | $59,378,097 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $353,466 |
| Average GI Bill amount per recipient | $20,792 |
References
More about our data sources and methodologies.