$4,804

Avg. Federal Grant

$8,120

Avg. Federal Loan

$22,124,808

Total Aid Awarded

West Virginia State University (WVSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

44%

Total Aid Amount Average Total Aid Awarded per year.

$22.125M

Financial Aid Official Website

www.wvstateu.edu/Admissions/Financial-Aid.aspx

It is interesting to note that, every year, around 94% of students at WVSU receive some kind of financial aid, while the total amount of assistance/loans provided is $9,774,539. Notably, a total of 59% of the applicants to West Virginia State University receive the Federal Grant every year. In comparison, 94% of the students are awarded the Student Grant, 54% get the Institution Grant, and 58% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,953, the State Grant receivers and Institution Grant beneficiaries get $3,519 and $5,721, respectively. And, for the Pell Grant awardees, the average aid amount is $4,650. 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. 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 WVSU, an estimated number of 66% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

45%

Institution Grant Aid

41%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,804

State Grant Aid

$3,348

Institution Grant Aid

$5,561

Pell Grant

$4,527

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,317

$30,001 - $48,000

$4,292

$48,001 - $75,000

$1,684

$75,001 - $110,000

$86

Over $110,000

N/A

Student Loans for West Virginia State University (WVSU)

Average Loan Amount Average Loan Amount received per year.

$8,243/Year

Students Taking Out Loans

63%

Loan Default Rate

14.9%

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