by our College Data Analytics TeamThe majority of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Wisconsin Lutheran College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can WLC deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Wisconsin Lutheran College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Wisconsin Lutheran College, 100% of new full-time first-years were awarded at least some aid some 251 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $24,624 |
| Institutional grants & scholarships | 98% | $21,493 |
| Federal Pell grants | 38% | $4,934 |
| State/local grants | 39% | $3,731 |
| Federal student loans | 96% | $4,980 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 97% of undergraduate students received gift aid averaging $31,329 (covering around 987 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $31,329 |
| Federal Pell grants | 29% | $4,970 |
| Federal student loans | 68% | $8,660 |
Title-IV recipients living on campus saw average grant aid of $25,540.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,259 |
| $30,001 – $75,000 | $16,359 |
| Over $75,000 | $25,130 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,245 |
| Off-campus title-IV students | $21,315 |
For an estimate tailored to your family circumstances, see WLC’s NPC: www.wlc.edu/Net-Price-Calculator/.
A typical borrower at WLC leaves with $19,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at WLC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,687 |
| 25th percentile | $8,250 |
| 75th percentile | $26,315 |
| 90th percentile (highest-debt students) | $30,533 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,375 |
| Middle income | $18,500 |
| High income | $21,297 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,166 |
| Continuing-generation students | $20,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $18,651 |
The figure below distills the debt data into a single burden category for WLC.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at WLC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3765 |
| Total Stafford loan amount | $60,827,986 |
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 | 14 |
| Total GI Bill amount | $340,824 |
| Average GI Bill amount per recipient | $24,345 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.