by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Winston-Salem State University can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will WSSU deliver, and just what are you going to be eligible for? Read on for answers. Keep going to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Winston-Salem State University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Winston-Salem State University, 97% of entering full-time freshmen got some type of financial assistance some 849 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $10,057 |
| Institutional grants & scholarships | 62% | $3,676 |
| Federal Pell grants | 80% | $6,350 |
| State/local grants | 58% | $2,839 |
| Federal student loans | 77% | $5,798 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 80% of the undergraduate population received grant aid that averaged $9,813 (across approximately 3389 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $9,813 |
| Federal Pell grants | 65% | $6,076 |
| Federal student loans | 68% | $6,566 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $9,668.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,657 |
| $30,001 – $75,000 | $13,752 |
| Over $75,000 | $20,482 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,479 |
| Off-campus title-IV students | $13,393 |
For a personalized estimate based on your family’s financial situation, use WSSU’s online cost calculator: www.wssu.edu/net-price-calculator/npcalc.htm.
The middle student in the debt distribution at WSSU owes $18,447 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,447 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at WSSU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,060 |
| 25th percentile | $7,000 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $37,214 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $17,914 |
| High income | $14,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,500 |
| Continuing-generation students | $17,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,750 |
| Independent students | $16,344 |
The figure below distills the debt data into a single burden category for WSSU.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at WSSU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 26731 |
| Total Stafford loan amount | $610,142,295 |
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.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 78 |
| Total GI Bill amount | $369,085 |
| Average GI Bill amount per recipient | $4,732 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $21,621 |
| Average DoD amount per recipient | $1,966 |
References
More about our data sources and methodologies.