$4,330

Avg. Federal Grant

$4,985

Avg. Federal Loan

$12,941,479

Total Aid Awarded

Wayne State College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$12.941M

Financial Aid Official Website

https://www.wsc.edu/financial-aid

Among them are scholarship programs such as Clifton & Alberta White Memorial Scholarship, Education Matters Scholarship, Humpert Memorial Scholarship, and Leadership Award. It is interesting to note that, every year, around 95% of students at WSC receive some kind of financial aid, while the total amount of assistance/loans provided is $8,560,065. More information regarding the financial assistance schemes can be accessed on WSC’s official financial aid page at https://www.wsc.edu/financial-aid. At WSC, the total percentage of applicants who receive the Federal Grant stands at 40%. In comparison, 91% of the students are awarded the Student Grant, 48% get the Institution Grant, and 40% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,518, and the same stands at $2,386 for State Grant awardees and $2,441 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,183. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At WSC, an estimated number of 61% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

77%

Institution Grant Aid

42%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,330

State Grant Aid

$2,517

Institution Grant Aid

$2,334

Pell Grant

$4,168

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,296

$30,001 - $48,000

$7,272

$48,001 - $75,000

$4,874

$75,001 - $110,000

$2,917

Over $110,000

$2,630

Student Loans for Wayne State College

Average Loan Amount Average Loan Amount received per year.

$5,750/Year

Students Taking Out Loans

66%

Loan Default Rate

7.5%

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