by our College Data Analytics TeamA large number of students will not be asked to pay 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 World Mission University can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can World Mission University offer you, and what will you qualify for? Keep reading for more information. Read on to see just how much financial aid could be open 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 World Mission University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at World Mission University, 100% of first-year full-time students received aid of some kind roughly 5 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,720 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $6,720 |
| State/local grants | 0% | — |
| Federal student loans | 20% | $4,700 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, some 43% of undergraduates were awarded grant or scholarship aid averaging $3,110 (across approximately 78 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $3,110 |
| Federal Pell grants | 41% | $3,014 |
| Federal student loans | 2% | $4,886 |
For students living on campus and receiving title-IV aid, grants averaged $6,720.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,598 |
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 | $15,785 |
| Off-campus title-IV students | $16,598 |
For a personalized estimate based on your family’s financial situation, use World Mission University’s NPC: www.wmu.edu/financialcalculator/.
The figure below distills the debt data into a single burden category for World Mission University.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at World Mission University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 42 |
| Total Stafford loan amount | $604,407 |
References
More about our data sources and methodologies.