University of Mary Washington (UMW) Financial Aid and Scholarships
Students Receiving Aid
66%
Total Aid Amount
$17.817M
Financial Aid Official Website
www.umw.edu/financialaid/
Among them are scholarship programs such as Alfred Levitt Memorial Scholarship in Art, Anne Merritt Miner '55 Scholarship, Barbara Diane Hall Scholarship, and Belulah M. Hartmann Scholarship Fund. Notably, 92% of the students at University of Mary Washington get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $11,860,075. More information regarding the financial assistance schemes can be accessed on UMW’s official financial aid page at http://www.umw.edu/financialaid/. At UMW, the total percentage of applicants who receive the Federal Grant stands at 22%. On the other hand, 89% of the candidates get the Student Grant, 88% receive the Institution Grant, and 22% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,456, and the same stands at $5,186 for State Grant awardees and $4,277 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,441. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 University of Mary Washington, the percentage of candidates who opt to avail of student loans is around 49%.
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