$5,997

Avg. Federal Grant

$6,683

Avg. Federal Loan

$7,173,507

Total Aid Awarded

Wesleyan College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$7.174M

Financial Aid Official Website

www.wesleyancollege.edu/admission/undergraduate/Scholarships-and-Financial-Aid-Home.cfm

Interestingly, almost all of the students at WC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $2,390,521 in a year. More information regarding the financial assistance schemes can be accessed on WC’s official financial aid page at http://www.wesleyancollege.edu/admission/undergraduate/Scholarships-and-Financial-Aid-Home.cfm. Notably, a total of 57% of the applicants to Wesleyan College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 57% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,777, the State Grant receivers and Institution Grant beneficiaries get $3,740 and $15,009, respectively. And, for the Pell Grant awardees, the average aid amount is $5,045. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $17,853 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $19,936 and $15,616, respectively. On the other hand, the average federal aid stands at $15,412 for those with an annual family income between $75,001 and $110,000, and at $11,926 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. At WC, an estimated number of 73% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

68%

Institution Grant Aid

100%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$5,997

State Grant Aid

$4,038

Institution Grant Aid

$14,729

Pell Grant

$4,796

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,550

$30,001 - $48,000

$21,921

$48,001 - $75,000

$21,563

$75,001 - $110,000

$20,338

Over $110,000

$17,086

Student Loans for Wesleyan College

Average Loan Amount Average Loan Amount received per year.

$7,195/Year

Students Taking Out Loans

53%

Loan Default Rate

6.2%

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