OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Washington and Lee University Financial Aid and Scholarships 2022

Washington and Lee University, which is located in Lexington, VA is a private university. The university covers an area of 325 acres. In 1749, Washington and Lee University was founded. Washington and Lee University believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is Latin: Non Incautus Futuri and its official colors are blue and white. In addition to over 1,860 undergraduate students, WLU

Washington and Lee University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

59%

Total Aid Amount Average Total Aid Awarded per year.

$43.915M

Financial Aid Official Website

www.wlu.edu/financial-aid

Students can avail of scholarships provided by the university, such as JH and AB Thomas Scholarship, Marie L. Rose Scholarship, and Washington and Lee University - National Merit Scholarship, if they find educational expenses to be on the higher side. As many as 66% of the students at WLU get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,380,700 in a year. More information regarding the financial assistance schemes can be accessed on WLU’s official financial aid page at http://www.wlu.edu/financial-aid. At WLU, the total percentage of applicants who receive the Federal Grant stands at 14%. On the other hand, 62% of the candidates get the Student Grant, 57% receive the Institution Grant, and 14% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,997, the State Grant receivers and Institution Grant beneficiaries get $3,270 and $49,042, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,344. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $64,204 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $61,402, while those falling in the $48,001-$75,000 income category get $56,048 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $50,339. And, for those with a family income of more than $110,000, the amount stands at $26,620. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WLU, an estimated number of 21% of the applicants choose to go for student loans.

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