$4,395

Avg. Federal Grant

$7,928

Avg. Federal Loan

$10,880,777

Total Aid Awarded

Wayland Baptist University (WBU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$10.881M

Financial Aid Official Website

www.wbu.edu/financial-aid

Among them are scholarship programs such as Abe and Annie Seibel Foundation Loan, Carnegie Dartlet $10,000 Scholarship, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, and Community Service Scholarship for Multicultural Students. As many as 94% of the students at WBU get some sort of financial aid, and the total amount of assistance/loans provided is more than $13,720,677 in a year. Notably, a total of 54% of the applicants to Wayland Baptist University receive the Federal Grant every year. In comparison, 91% of the students are awarded the Student Grant, 83% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,694, while the same comes to $3,315 for State Grant receivers and $3,445 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,421. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Wayland Baptist University, the percentage of candidates who opt to avail of student loans is around 79%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

48%

Institution Grant Aid

85%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,395

State Grant Aid

$3,460

Institution Grant Aid

$4,719

Pell Grant

$4,083

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,024

$30,001 - $48,000

$9,750

$48,001 - $75,000

$7,835

$75,001 - $110,000

$6,114

Over $110,000

$4,005

Student Loans for Wayland Baptist University (WBU)

Average Loan Amount Average Loan Amount received per year.

$9,274/Year

Students Taking Out Loans

75%

Loan Default Rate

7%

Other Private not-for-profit Colleges

St Thomas University (STU)
St Thomas University (STU)

Miami Gardens, Florida

Johns Hopkins University
Johns Hopkins University

Baltimore, Maryland