$4,005

Avg. Federal Grant

$4,512

Avg. Federal Loan

$2,353,793

Total Aid Awarded

University of Akron Wayne College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

31%

Total Aid Amount Average Total Aid Awarded per year.

$2.354M

Financial Aid Official Website

wayne.uakron.edu/admissions/financial-aid/

As many as 86% of the students at UAWC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,856,366 in a year. The total percentage of candidates applying to University of Akron Wayne College who receive the Federal Grant is 42%. Meanwhile, 75% of the applicants receive the Student Grant and 54% are awarded the Institution Grant, while 41% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,251, and the same stands at $1,731 for State Grant awardees and $3,600 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,987. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UAWC, an estimated number of 37% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

2%

Institution Grant Aid

50%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$4,005

State Grant Aid

$3,120

Institution Grant Aid

$4,172

Pell Grant

$3,889

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,580

$30,001 - $48,000

$5,850

$48,001 - $75,000

$4,753

$75,001 - $110,000

$1,167

Over $110,000

$1,142

Student Loans for University of Akron Wayne College

Average Loan Amount Average Loan Amount received per year.

$4,669/Year

Students Taking Out Loans

45%

Loan Default Rate

N/A