by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at William Woods University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can William Woods deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to see just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at William Woods University.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at William Woods University, 100% of entering full-time freshmen got some type of financial assistance some 218 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $22,204 |
| Institutional grants & scholarships | 98% | $19,233 |
| Federal Pell grants | 39% | $5,577 |
| State/local grants | 34% | $2,113 |
| Federal student loans | 63% | $8,133 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at William Woods, around 76% of undergraduate students received gift aid averaging $19,652 (among about 832 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $19,652 |
| Federal Pell grants | 35% | $5,334 |
| Federal student loans | 49% | $8,707 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $22,525.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,323 |
| $30,001 – $75,000 | $20,273 |
| Over $75,000 | $25,612 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $26,569 |
| Off-campus title-IV students | $22,270 |
To get a personalized net price estimate, try William Woods’s online cost calculator: www.williamwoods.edu/cost-and-aid/undergraduate/calculator.html.
Graduating students at William Woods carry a median federal student debt of $14,425 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,425 |
| Median federal debt (graduates only) | $21,983 |
| Typical 10-year monthly payment (graduates) | $233.06/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at William Woods.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,916 |
| 25th percentile | $5,500 |
| 75th percentile | $24,500 |
| 90th percentile (highest-debt students) | $30,662 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,683 |
| Middle income | $14,548 |
| High income | $15,010 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,120 |
| Independent students | $15,804 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. William Woods.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at William Woods:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9490 |
| Total Stafford loan amount | $172,920,391 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 21 |
| Total GI Bill amount | $152,297 |
| Average GI Bill amount per recipient | $7,252 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 13 |
| Total DoD amount | $35,400 |
| Average DoD amount per recipient | $2,723 |
References
More about our data sources and methodologies.