$4,822

Avg. Federal Grant

$5,575

Avg. Federal Loan

$2,331,176

Total Aid Awarded

Welch College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$2.331M

Financial Aid Official Website

welch.edu/admissions/tuition-financial-aid/

Among them are scholarship programs such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award. As many as 74% of the students at WC get some sort of financial aid, and the total amount of assistance/loans provided is more than $901,320 in a year. Notably, a total of 38% of the applicants to Welch College receive the Federal Grant every year. On the other hand, 74% of the candidates get the Student Grant, 70% receive the Institution Grant, and 38% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,582, and the same stands at $5,063 for State Grant awardees and $8,040 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,263. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Welch College, the percentage of candidates who opt to avail of student loans is around 45%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

34%

Institution Grant Aid

89%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,822

State Grant Aid

$4,349

Institution Grant Aid

$7,776

Pell Grant

$4,429

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,923

$30,001 - $48,000

$17,944

$48,001 - $75,000

$8,449

$75,001 - $110,000

$8,890

Over $110,000

$11,476

Student Loans for Welch College

Average Loan Amount Average Loan Amount received per year.

$5,891/Year

Students Taking Out Loans

50%

Loan Default Rate

5%

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