University of Wisconsin - Madison (UW) Financial Aid and Scholarships
Students Receiving Aid
42%
Total Aid Amount
$132.825M
Financial Aid Official Website
https://financialaid.wisc.edu/
Students can avail of scholarships provided by the university, such as Academic Excellence Scholarship, Chick Evans Caddie Scholarship, David L. Gasser Memorial Scholarship, and Frank and Hildegarde Goodrich Family Scholarship, if they find educational expenses to be on the higher side. As many as 61% of the students at UWM get some sort of financial aid, and the total amount of assistance/loans provided is more than $56,544,539 in a year. More information regarding the financial assistance schemes can be accessed on UWM’s official financial aid page at https://financialaid.wisc.edu/. At UWM, the total percentage of applicants who receive the Federal Grant stands at 14%. In comparison, 49% of the students are awarded the Student Grant, 34% get the Institution Grant, and 14% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,178, while the same comes to $2,427 for State Grant receivers and $8,786 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,535. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UWM, an estimated number of 31% of the applicants choose to go for student loans.
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