$4,839

Avg. Federal Grant

$5,989

Avg. Federal Loan

$21,583,844

Total Aid Awarded

Wesley College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$21.584M

Financial Aid Official Website

admissions.wesley.edu/cost-and-financial-aid/

Students can avail of scholarships provided by the college, such as Christa McAuliffe Teacher Scholarship Loan, Delaware Nursing Incentive Scholarship Loan, Governor's Workforce Development Grant, and J.D. O'Connor Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at WC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $9,940,539. One can visit WC's financial aid page at http://admissions.wesley.edu/cost-and-financial-aid/ for more information. At WC, the total percentage of applicants who receive the Federal Grant stands at 62%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 61% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,647, and the same stands at $780 for State Grant awardees and $12,540 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,626. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $18,226 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $18,437 and $16,620, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $13,214. And, for those with a family income of more than $110,000, the amount stands at $13,651. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At WC, an estimated number of 92% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

5%

Institution Grant Aid

93%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,839

State Grant Aid

$681

Institution Grant Aid

$14,544

Pell Grant

$4,564

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$20,282

$30,001 - $48,000

$18,923

$48,001 - $75,000

$16,916

$75,001 - $110,000

$14,526

Over $110,000

$12,967

Student Loans for Wesley College

Average Loan Amount Average Loan Amount received per year.

$6,756/Year

Students Taking Out Loans

87%

Loan Default Rate

13.7%

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