Virginia Wesleyan University Financial Aid and Scholarships
Students Receiving Aid
92%
Total Aid Amount
$29.322M
Financial Aid Official Website
www.vwu.edu/admissions/financial-aid/
It is interesting to note that almost every student at VWU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,599,555. For additional information about financial assistance schemes, one can head over to VWU’s financial aid page at http://www.vwu.edu/admissions/financial-aid/. The total percentage of candidates applying to Virginia Wesleyan University who receive the Federal Grant is 41%. In comparison, 100% of the students are awarded the Student Grant, 99% get the Institution Grant, and 41% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,553, and the same stands at $2,982 for State Grant awardees and $21,036 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,643. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $26,303 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $23,874, while those falling in the $48,001-$75,000 income category get $23,194 a year. On the other hand, the average federal aid stands at $23,140 for those with an annual family income between $75,001 and $110,000, and at $19,667 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Virginia Wesleyan University, the percentage of candidates who opt to avail of student loans is around 75%.
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