by our College Data Analytics TeamA large number of students will never be charged 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 Wayne State College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will WSC provide, and just what are you going to be eligible for? Read on for answers. Keep going to learn what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Wayne State College.
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.
For freshmen starting at Wayne State College, 97% of new full-time first-years were awarded at least some aid approximately 706 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $6,517 |
| Institutional grants & scholarships | 82% | $3,624 |
| Federal Pell grants | 39% | $5,103 |
| State/local grants | 39% | $2,824 |
| Federal student loans | 47% | $4,866 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 64% of undergraduate students received gift aid averaging $7,887 (covering around 2526 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $7,887 |
| Federal Pell grants | 26% | $5,238 |
| Federal student loans | 32% | $5,772 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,205.
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 | $11,476 |
| $30,001 – $75,000 | $13,538 |
| Over $75,000 | $17,732 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $15,360 |
| Off-campus title-IV students | $15,108 |
To get a personalized net price estimate, try WSC’s official net price calculator: www.wsc.edu/net-price-calculator.
The median student at WSC graduates with $12,240 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,240 |
| Median federal debt (graduates only) | $19,000 |
| Typical 10-year monthly payment (graduates) | $201.43/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at WSC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $22,439 |
| 90th percentile (highest-debt students) | $28,470 |
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 | $11,898 |
| Middle income | $11,969 |
| High income | $13,624 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $13,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $14,875 |
The figure below distills the debt data into a single burden category for WSC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at WSC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12195 |
| Total Stafford loan amount | $171,987,262 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 24 |
| Total GI Bill amount | $121,546 |
| Average GI Bill amount per recipient | $5,064 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $38,324 |
| Average DoD amount per recipient | $3,194 |
References
More about our data sources and methodologies.