by our College Data Analytics TeamFinancial 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.
Uncover the various financial aid options provided by William Woods and determine which ones you may be eligible for by continuing your exploration.
William Woods University average financial aid offer for freshmen students is $16,406.00. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from William Woods University you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
96% of new students (149 total) were offered scholarships at William Woods University, averaging $14,094.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 37% of freshman students (58 total) obtained federal grant aid, averaging $5,095.00 a piece.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.77% | $17,598.00 |
| Income 30k-48k | 10.97% | $20,979.00 |
| Income 48k-75k | 14.84% | $19,036.00 |
| Income 75k-110k | 14.84% | $14,778.00 |
| Income 110k + | 14.19% | $12,684.00 |
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.
99% of the 155 undergraduates at William Woods University receive some sort of grant aid. This is a total of about 152 students getting an average of $16,406.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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